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IWM

iShares Russell 2000 ETF

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

Industry

Asset Management

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.

Open

235.93

Mkt cap

76B

Volume

25M

High

238.47

P/E Ratio

15.18

52-wk high

238.49

Low

235.65

Div yield

0.01

52-wk low

166.79

Wall Street saw mixed performance with tech giants slightly down, while blue chips and small caps gained. The S&P 500, Dow Jones, and Nasdaq showed varied movements. The Roundhill Magnificent Seven ETF and iShares Russell 2000 ETF experienced declines and gains respectively. Gold and the iShares 20+ Year Treasury Bond ETF rose, while Bitcoin fell. Sector-wise, utilities and real estate outperformed, whereas technology was flat. Key stock movements included nCino, GameStop, and others reacting to earnings or updates.

Portfolio Pulse from Piero Cingari

March 27, 2024 | 5:51 pm

The Russell 2000 Index, representing small cap stocks, is experiencing its worst performance relative to the S&P 500 in 20 years, largely due to the massive gains of tech giants like Nvidia, Broadcom, and AMD. The widening gap is attributed to higher interest rates impacting small companies more severely. However, with small caps at historical undervaluation levels and potential for economic growth and interest rate cuts, there's a strong case for their rebound, especially as the momentum for tech giants begins to slow.

Portfolio Pulse from Neil Dennis

March 27, 2024 | 12:44 pm

The article discusses opportunities in small and micro caps, highlighting the iShares Russell 2000 ETF (IWM) and its potential for significant growth. It mentions the Fed's decision to ignore inflation as positive for these caps. It also covers the impact of an antitrust lawsuit on Apple Inc (AAPL), causing a significant market value loss. Additionally, it notes the performance of various companies and ETFs, including Nike (NKE) and Lululemon Athletica (LULU), following earnings reports. The article also touches on China's currency weakening, money flows in major tech stocks, and the performance of gold, oil, and Bitcoin.

Portfolio Pulse from The Arora Report

March 22, 2024 | 4:08 pm

Major stock indexes have experienced gains, driven by a surge in technology stocks, particularly Micron, as investors react to the Federal Reserve's decision on Wednesday. This movement reflects optimism in the tech sector and anticipation of the Fed's monetary policy direction.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 5:55 pm

Following the Federal Reserve's dovish signal, major US stock indices, including the S&P 500 and Nasdaq 100, hit new record highs. The iShares Russell 2000 ETF (IWM) also saw gains. Apple Inc. (AAPL) shares dropped due to an antitrust lawsuit. The SPDR S&P 500 ETF Trust (SPY), SPDR Dow Jones Industrial Average ETF (DIA), and Invesco QQQ Trust (QQQ) all rose. Micron Technology (MU) surged after earnings, while Broadcom Inc. (AVGO) benefited from a bullish analyst note. Other notable stock movements were linked to earnings reports.

Portfolio Pulse from Piero Cingari

March 21, 2024 | 5:00 pm

Major stock indexes experienced an uptick following the Federal Reserve's decision to keep interest rates unchanged. This decision impacts investor sentiment and market dynamics, influencing the performance of major index-tracking ETFs such as DIA, IWM, QQQ, and SPY.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:04 pm

The Federal Reserve has decided to leave the interest rate unchanged, impacting various sectors and investment vehicles. This decision is likely to influence the performance of major ETFs such as DIA, GLD, IWM, QQQ, and SPY in the short term.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:00 pm

Stock indexes fell following a larger-than-expected increase in the Producer Price Index (PPI), leading to a rise in the dollar. Cryptocurrencies and semiconductor stocks also experienced a pullback.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 7:34 pm

Stocks fell as February's Producer Price Index inflation data exceeded expectations, dashing hopes for a Fed rate cut. U.S. Treasury yields rose, and the iShares 20+ Year Treasury Bond ETF (TLT) saw a decline. The S&P 500, Nasdaq 100, and Dow experienced modest losses, while the VIX surged. The iShares Russell 2000 ETF (IWM) underperformed, and oil prices rose due to anticipated supply deficits. Notable stock movements included Tesla and Nvidia falling, while Robinhood and Halliburton rose. Fisker slumped on bankruptcy reports.

Portfolio Pulse from Piero Cingari

March 14, 2024 | 6:20 pm

Rising U.S. inflation rates in February, with unexpected increases in both the Consumer Price Index (CPI) and Producer Price Index (PPI), have sparked concerns over the Federal Reserve's potential rate cuts. The CPI and PPI reports showed year-on-year increases of 3.2% and 1.6%, respectively, with significant contributions from a 6.8% surge in gasoline prices. These inflation figures challenge the Fed's hopes for easing inflation towards a 2% target and may affect the anticipated interest rate cuts. The market reacted with Treasury yields rising, the U.S. dollar strengthening, and declines in ETFs tracking bonds, the S&P 500, tech stocks, small caps, gold, and Bitcoin.

Portfolio Pulse from Piero Cingari

March 14, 2024 | 4:19 pm

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