Reported 19 days ago
As key election results began to roll in, small-cap stocks, particularly those within the Russell 2000 Index, experienced significant gains, reaching a 3.6% increase before settling at a 2.5% rise. Market reactions were influenced by Donald Trump's early lead in the Electoral College, with investors speculating on potential benefits for domestic-focused companies in the event of a Trump victory. Despite ongoing uncertainty about the final outcome, traders are cautiously optimistic about small caps outperforming larger stocks due to the risk-on sentiment triggered by the election developments.
Source: YAHOO