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Wall St. back in black as Russell 2000 hits record

Reuters 

By Stephen Culp(Reuters) - Retail and technology stocks led Wall Street back to positive territory on Wednesday, and the small-cap Russell 2000 hit a new intra-day high, even as traders remained on edge about geopolitics and rising U.S. interest rates. Smaller companies continued to outperform their larger rivals with the Russell 2000 reaching a record level. The index was last up 1.3 percent. "Small caps present a cleaner play than large caps on two fundamental market drivers: lower corporate taxes and a stronger US economy," research firm DataTrek wrote in its morning briefing on ...

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First Published: Thu, May 17 2018. 01:46 IST
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