share_log

Russell 2000 Set For Strongest Session In A Month As US Economy Defies Recession Fears: Small Cap Movers On Thursday

Benzinga ·  Aug 16 00:56

The Russell 2000 is set for its strongest session in a month, bolstered by renewed confidence in the U.S. economy's resilience after recession fears rattled markets earlier this month.

TheiShares Russell 2000 ETF(NYSE:IWM) was up 2.8% Thursday afternoon, battling for its best one-day session since July 16, when it rallied 3.4%. The small-cap index outperformed the larger-cap indices, highlighting its heightened sensitivity to economic data.

Economic Data Fuels Small-Cap Rebound

The optimism surrounding the Russell 2000 was bolstered by the release of robust economic data on Thursday. Retail sales for July 2024 exceeded expectations, while initial jobless claims...

Login or create a forever free account to read this news
Sign up/Log in
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment