The Federal Reserve's interest rate cut drives the Russell 2000 Index to a record high of 2,453.36 points

ChainCatcher news, according to Jinshi reports, after experiencing a record rise in U.S. stocks, small-cap stocks have finally joined in, ending a period of stagnation since the pandemic began. After the Federal Reserve cut interest rates, the Russell 2000 index rose by 2.1%, reaching 2,453.36 points, surpassing the historical closing high for the first time since November 2021. Doug Beath, global equity strategist at Wells Fargo Investment Institute, stated that the rise in small-cap stocks aligns with "a surge in risk appetite, while the market anticipates that the Federal Reserve may cut rates three times this year."