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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

Stocks are on the rise as major indexes gain momentum and Treasury yields fall, indicating a positive market trend.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 7:50 pm

U.S. stock indexes hit all-time highs with the S&P 500 reaching 4,850 points, Nasdaq 100 at 17,365, and the Dow Jones briefly touching 38,000. Small caps outperformed, with the iShares Russell 2000 ETF (IWM) rising 1.7%. Treasury yields eased, benefiting the iShares 20+ Year Treasury Bond ETF (TLT), which rose 0.6%. Gold fell, oil prices soared, and Bitcoin tumbled. SPDR S&P 500 ETF Trust (SPY), SPDR Dow Jones (DIA), and Invesco QQQ Trust (QQQ) all rose 0.3%. Industrials Select Sector Fund (XLI) outperformed, while Utilities Select Sector Fund (XLU) lagged. AMD fell after a downgrade, Tesla dropped due to a stalling EV outlook, ADM plummeted amid an investigation, GILD fell after a trial failure, and WDC rose on business separation plans. Key earnings reports are anticipated this week from companies like GE, JNJ, RTX, PG, VZ, LMT, NFLX, TXN, ISRG, and more.

Portfolio Pulse from Piero Cingari

January 22, 2024 | 6:35 pm

Stocks are on the rise, buoyed by positive consumer sentiment data, encouraging earnings reports, and expectations of a Federal Reserve rate cut.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 7:41 pm

The CBOE VIX volatility index, known as Wall Street's 'fear gauge,' reached a two-month high of 14.5, indicating increased market volatility and investor concern. The ProShares VIX Mid-Term Futures ETF (VIXM) rose 2.4% in response. The S&P 500 and SPDR S&P 500 ETF Trust (SPY) previously gained 16% as the VIX fell from 21 to around 12. Market expectations of Federal Reserve rate cuts are being reassessed due to recent economic data and Fed member comments, suggesting a more cautious approach to rate cuts. Geopolitical tensions, particularly in the Middle East, are also contributing to market uncertainty, although they have not significantly impacted oil prices or traditional safe-haven assets like gold and Treasuries, with the SPDR Gold Shares ETF (GLD) remaining flat.

Portfolio Pulse from Neil Dennis

January 17, 2024 | 2:33 pm

Fed Governor Waller's comments at The Brookings Institution have tempered expectations for interest rate cuts, with a focus on stable economic activity and managing inflation. Waller suggested the Fed is not in a hurry to reduce rates, citing a strong economy and a gradual approach to reaching the 2% inflation target. The market reacted with reduced expectations for a March rate cut, a rise in Treasury yields, and a downturn in stocks and bonds, affecting ETFs like TLT, SPY, and IWM.

Portfolio Pulse from Piero Cingari

January 16, 2024 | 9:56 pm

Institutional investors are optimistic about the U.S. economy avoiding a recession in 2024, with a majority expecting a soft or no landing. The 'Magnificent Seven' tech giants (Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla) are seen as a crowded but promising trade, especially with anticipated rate cuts by the Federal Reserve. Investors are also favoring U.S. equities, particularly small caps, as evidenced by the Russell 2000's outperformance compared to the S&P 500. The BofA survey shows a low expectation of a hard landing, with the Federal Reserve and corporate earnings being key market drivers for 2024.

Portfolio Pulse from Neil Dennis

January 16, 2024 | 1:25 pm

Virginia lawmakers have filed legislation to legalize marijuana sales, despite the governor's lack of interest. New Jersey is considering over a dozen cannabis policy bills, while Arizona's cannabis market shows stability. The U.S. cannabis ETF MSOS showed resilience despite market volatility, and there's anticipation for a DEA headline regarding marijuana rescheduling. Putnam Global Health Care Fund made notable stock moves in the cannabis sector, and Illinois reported an increase in adult-use cannabis sales. Analysts predict significant financial benefits if the 280E tax is removed for U.S. cannabis companies.

Portfolio Pulse from Todd Harrison

January 12, 2024 | 7:47 pm

U.S. stocks showed mixed performance with the S&P 500 and Nasdaq stable, while the Dow Jones fell 0.4%. The PPI rose less than expected, and Bitcoin dropped over 6% after a spot ETF approval. Gold rose, surpassing $2,050/oz. UnitedHealth, Tesla, and Bank of America stocks fell post-earnings, while BNY Mellon and Net Lease Office Properties rose. Delta and other airlines declined due to revised earnings forecasts.

Portfolio Pulse from Piero Cingari

January 12, 2024 | 7:33 pm

Major stock indexes declined following the release of December CPI data, which indicated that inflation was higher than anticipated.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 5:19 pm

Goldman Sachs' equity research team forecasts a 15% return for the Russell 2000 small-cap index in 2024, outperforming the S&P 500's expected 9% total return. The iShares Russell 2000 ETF (IWM) is anticipated to see a 9% return in six months. Factors include low valuations, economic growth, investor behavior, and historical election year performance. Risks include weaker economic growth and rising interest rates, with small-caps being sensitive due to sector weights in Biotech, Banks, and Real Estate.

Portfolio Pulse from Piero Cingari

January 10, 2024 | 6:32 pm

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