Business & Finance
Russell 2000 Sinks 11% From Peak, Hits Correction as Rates Rise
Key Points
Russell 2000 Sinks 11% From Peak, Hits Correction as Rates Rise The Russell 2000 Index entered a correction with Wednesday’s plunge as rising inflation and interest rates push the riskiest stocks in the market below important averages. The small caps gauge has now fallen more than 10% from its most recent peak, marking its first technical correction since March, after sliding 1.9% on Wednesday. The declines were broad based with roughly five stocks in the index falling for every one that...
Russell 2000 Sinks 11% From Peak, Hits Correction as Rates Rise
The Russell 2000 Index entered a correction with Wednesday’s plunge as rising inflation and interest rates push the riskiest stocks in the market below important averages.
The small caps gauge has now fallen more than 10% from its most recent peak, marking its first technical correction since March, after sliding 1.9% on Wednesday. The declines were broad based with roughly five stocks in the index falling for every one that climbed on Wednesday. In total, the gauge has dropped 11% from its August high.