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Wall St. gains as small-cap Russell 2000 hits record

Reuters 

By Stephen Culp(Reuters) - Retail and technology stocks led Wall Street higher on Wednesday and the small-cap Russell 2000 hit a record peak, even as a rise in U.S. bond yields to an almost seven-year high suggested more competition for equities and investors fretted over geopolitics.Smaller companies continued this year's trend of outperforming their larger rivals with the Russell 2000 reaching a record high. The index ended up 1 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 ...

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First Published: Thu, May 17 2018. 02:47 IST
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