US small cap stocks surge as Fed tips two more rate cuts

7 months ago 21

RoboForex - professional services on Forex market

Larger cap stocks less impressed

At first blush, the stock market is unimpressed with the Federal Reserve decision. The S&P 500 is trading down 2 points on the day compared to 7 points beforehand.

However it's the smaller cap stocks that a really cheering a dot plot median forecast that shows two more cuts this year compared to one more previously. The Russell 2000 is now up 1.7% on the day.

Russell 2000 10 mins

The jump brings the Russell 2000 to the highest since November 2024 and just a shade below the all-time highs.

daily chart Russell 2000

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