Small Caps Lead as Equities Edge Higher

Small-cap stocks led the market higher Wednesday, while the major indexes posted modest gains. The Russell 2000 ETF (IWM) rose 1.18%, beating the S&P 500 (SPY) at 0.44% and the Nasdaq-100 (QQQ) at 0.23%. This rotation into smaller companies suggests investors are looking beyond the mega-cap technology names that have carried the market for much of the year.
Key Takeaways The Russell 2000 ETF (IWM) gained 1.18%, outpacing the S&P 500 (SPY) at 0.44% and the Nasdaq-100 (QQQ) at 0.23%. Materials (XLB) and communication services (XLC) led sector performance with gains of 1.69% and 1.39% respectively. The VIX closed at 15.20, indicating suppressed volatility and limited near-term fear. Market bread…
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