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Small-Cap Russell 2000 Leads Another Up-Day in the Market
ZACKS· 2025-07-10 23:10
Market Performance - The small-cap Russell 2000 has outperformed major indexes recently, leading for the 4th session in the last 5, with a gain of +0.48% [1] - The Dow increased by +192 points (+0.43%), the S&P 500 rose by +17 points (+0.27%), and the Nasdaq was up by +19 points (+0.09%) [1] - Over the past month, the Russell 2000 has gained +5%, while other major indexes have hovered around +4% [2] Company Earnings - Levi Strauss & Co. reported fiscal Q2 earnings of 22 cents per share, exceeding the estimated 14 cents, with revenues of $1.4 billion surpassing the projected $1.37 billion [4] - The gross margins for Levi Strauss hit a record +62.6% for the quarter, with Americas' comps up +5%, net revenues in Europe up +14%, and Asia flat [4] - Direct-to-Consumer sales increased by +11% in the quarter, contributing to a +7% jump in stock price following the earnings report [4] Economic Outlook - No significant economic reports or earnings reports are expected on the following Friday, with attention turning to the upcoming Consumer Price Index (CPI) data and Q2 earnings from major banks [5] - Major banks are anticipated to perform well, with assets under management at record highs and strong investment banking performance [6] - The CPI Inflation Rate was reported at a 12-month low of +2.3%, with core inflation at +2.8%, close to the Fed's optimal target of +2.0% [6]