Big Gains From Small Stocks Power Russell 2000 Surge

Investors bet rebounding economy will boost profits at smaller companies

Penn National Gaming, an operator of racetracks and casinos, was the Russell 2000’s largest consumer-discretionary company as of Oct. 31.

Photo: Wayne Parry/Associated Press

香蕉视频苹果下载Shares of small companies are posting outsize gains, driven by investors’ bets that a rebounding economy and expected Biden administration policies will boost profits at smaller U.S. companies.

The Russell 2000 index of small-company stocks rose 6.1% last week, hitting its first record close since 2018 and extending a recent race ahead of other major indexes. It finished the first two weeks of November up 13%, its best 10-session start to a month on record, according to Dow Jones Market Data. The broader S&P 500 gained roughly...

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