The small-cap Russell 2000 advanced to a record for the first time in almost four years on Thursday, as investors absorbed the Federal Reserve's Wednesday interest-rate cut and signals that more easing is ahead. The index, made up of the smallest 2,000 stocks in the Russell index, gained 2.5% to close at its first record since Nov. 8, 2021, according to Dow Jones Market Data. “Small-cap stocks are the most sensitive to interest rates,” said Jason Pride, chief of investment strategy and research at Glenmede.
