The Fed's interest rate cut drives the Russell 2000 index to a new historical high.

Jin10 data September 18 - After experiencing record rises in U.S. stocks, small-cap stocks have finally joined the trend, ending a period of stagnation since the pandemic began. After the Fed's rate cut, the Russell 2000 index rose by 2.1% to 2453.36 points, surpassing the historical closing high for the first time since November 2021. The index subsequently narrowed its gains somewhat but is still expected to end the longest non-recorded rising market since the dot-com bubble. Doug Beath, global equity strategist at Wells Fargo Investment Institute, stated that the rise in small-cap stocks aligns with “risk appetite soaring, while the market anticipates that the Fed may cut rates three times this year.”