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iShares Russell 2000 ETF

https://www.ishares.com/us/products/239710/ishares-russell-2000-etf

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The fund generally invests at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index (i.e., depositary receipts representing securities of the underlying index) and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents.

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Wall Street saw a decline in major large-cap indices due to downturns in tech and communication services sectors. Investors shifted focus to small caps, real estate, and solar stocks. The second estimate of Q1 GDP growth was revised down to 1.3%. The S&P 500, Nasdaq 100, and Dow Jones Industrial Average fell, while the iShares Russell 2000 ETF and iShares 20+ Year Treasury Bond ETF rose. Salesforce plummeted 20% after missing revenue expectations, while HP Inc. rose 19% on strong results. Other notable movers included Kohl Corp., Dollar General, Best Buy, Hormel Foods, Burlington Stores, Birkenstock, Agilent Technologies, Pure Storage, Okta, Nutanix, Ui Path, and Credo Technology.

Portfolio Pulse from Piero Cingari

May 30, 2024 | 5:57 pm

Major indexes are experiencing a decline due to rising Treasury yields and a pullback in NVIDIA's stock.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 3:45 pm

Wall Street experienced significant volatility on Thursday, with major indices and sectors trading in the red. The VIX rose 8%, and Treasury yields surged, leading to declines in fixed-income assets. Key ETFs and stocks such as TLT, UUP, SPY, QQQ, DIA, IWM, AAL, MRO, MRNA, and MOH were impacted.

Portfolio Pulse from Piero Cingari

May 29, 2024 | 3:01 pm

Major indexes are higher following strong earnings from NVIDIA this week.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 7:36 pm

The Nasdaq 100 surged over 1% on Friday, setting the stage for a record high close and marking its fifth consecutive week of gains. The S&P 500 rose 0.7%, while small-cap stocks saw robust gains. AI-linked stocks and sectors like chipmakers, solar, and power utilities performed well. Treasury yields remained stable, and the U.S. dollar index fell, providing relief to precious metals and crude oil. Several companies saw significant stock movements due to earnings reports.

Portfolio Pulse from Piero Cingari

May 24, 2024 | 5:54 pm

Cathie Wood's comparison of the current stock market to the 1930s Great Depression has drawn criticism from notable figures like Jim Chanos. Wood argues that the market is over-concentrated and predicts a broadening rally when interest rates fall. Despite her views, her Ark Innovation ETF (ARKK) has underperformed, while broader market ETFs like SPDR S&P 500 ETF Trust (SPY) and iShares Russell 2000 ETF (IWM) have shown gains.

Portfolio Pulse from Shanthi Rexaline

May 24, 2024 | 1:05 pm

NVIDIA continues to see gains, while major indexes pull back. Upbeat economic data may influence the outlook on potential rate cuts.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 7:54 pm

Indexes are lower after initially gaining following NVIDIA's earnings. Hawkish Fed minutes and upbeat economic data may also be driving rate cut uncertainty.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 6:27 pm

Indexes are mixed following strong earnings from NVIDIA and upbeat economic data.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:07 pm

The S&P 500 and Nasdaq 100 indices hit new record highs, driven by Nvidia's (NASDAQ:NVDA) 9% surge to $1,034 per share following stellar earnings and guidance. Nvidia reported $26 billion in revenue, a 262% YoY increase, with AI-driven Data Center revenue up 427%. ETFs like SPY, QQQ, and XLK also saw gains, while DIA and IWM underperformed.

Portfolio Pulse from Piero Cingari

May 23, 2024 | 2:07 pm

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