Wall Street Gains As Small-Cap Russell 2000 Hits Record

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 Data Trek wrote in its morning briefing.For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774