The small-cap stock focused Russell 2000 Index is in correction.
Amid the global selloff in stocks, the Russell is down more than 10% from its high of 1,741 points that it reached in August 2018.
It was last down 2.8% at 1,528 points, according to Refinitiv. For the year, the Russell is still up 13%.
Small-caps should ordinarily have a slight advantage to larger companies when it comes to geopolitical turmoil. That is because the revenues of smaller companies tend to be limited to the US. In the Russell 2000, only some 20% of all revenues are generated abroad, compared with 33% in the large-cap Russell 1000 index.
https://www.cnn.com/business/live-news/stock-market-news-today-051319/index.html
2019-05-13 16:14:00Z
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