Stock indexes reached multi-year highs today but the biggest winner was arguably the small-capitalization Russell 2000 stock index which surged to its all-time closing high today. Today’s increase was largely the result of optimism following comments from Federal Reserve Chairman Ben Bernanke, but small caps have been in the news a lot lately.
Ever since the Pink Sheets were cleaned-up, small and micro cap companies have been getting more attention from investors. Taking an early position in a bourgeoning idea can help investors make more money in the long run and with the Russell on the rise as lot of people are beginning to see that.
In addition to the success of the Russell today, the S&P 500 Small-Cap Index .SML ended at new high of 455.95, up 0.9 percent. The reason for the rise is likely the recent buzz among analysts that the beginning of corporate earnings reports will push the small-cap space higher.
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