Russell 2000 Falls Short of Record After Fed Interest-Rate Cut

Pedestrians walk along Wall Street near the New York Stock Exchange. After sitting on the sidelines for most of the record-breaking run in US equities, small-capitalization stocks briefly joined in with the festivities and came close to ending a drought that dates back to the pandemic. Most Read from Bloomberg The Russell 2000 Index rose as much as 2.1% to 2,453.36 on Wednesday, surpassing the all-time closing high for the first time since November 2021, before paring some of the gains and pulling back f ...