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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

Major indexes are down due to a rise in Treasury yields and market concerns following US economic data. New home sales fell in August and consumer confidence was below estimates.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 6:48 pm

India is emerging as a manufacturing powerhouse with Apple Inc (AAPL) increasing production in the country. Other major companies like Tesla Inc (TSLA), Alphabet Inc Class C (GOOG), Microsoft Corp (MSFT), Amazon.com, Inc. (AMZN), and Meta Platforms Inc (META) are also exploring or have made significant investments in India. Small caps in India have outperformed US small caps by 18.2% year to date. However, India's market is currently overbought and expensive, suggesting investors should wait for a pullback before buying.

Portfolio Pulse from The Arora Report

September 26, 2023 | 3:48 pm

Small caps, represented by iShares Russell 2000 ETF (IWM), are signaling recession worries as they have accelerated to the downside. Large caps, however, are being held up by the AI frenzy. Amazon (AMZN) is investing $4B in AI startup Anthropic, following Microsoft's (MSFT) play with OpenAI. This is negatively impacting NVIDIA (NVDA) and AMD (AMD) in early trade. Money flows are positive in Amazon and Apple (AAPL), but negative in Nvidia, Microsoft, Alphabet (GOOG), Meta Platforms (META), and Tesla (TSLA). Money flows are mixed in SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust Series 1 (QQQ).

Portfolio Pulse from The Arora Report

September 25, 2023 | 3:24 pm

U.S. indices are down due to a rise in Treasury yields following the FOMC statement. The weekly initial jobless claims data was lower than expected, which could lead to more rate hikes.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 3:50 pm

The Nasdaq 100 index fell to late August lows following the Federal Reserve's decision to maintain rates at 5.25%-5.5% and hint at a possible rate hike by the end of 2023. The Invesco QQQ Trust, the largest ETF tracking the Nasdaq 100, dropped 1.5%. Other ETFs such as SPDR S&P 500 ETF Trust, iShares Russell 2000 ETF, and Dow Jones Industrial Average ETF also experienced declines. Among S&P 500 mega caps, Intel Corp., Alphabet Inc., Nvidia Corp., Netflix Inc., and Microsoft Corp. were the worst performers.

Portfolio Pulse from Piero Cingari

September 20, 2023 | 8:25 pm

Major indexes are down due to rising Treasury yields ahead of the Federal Reserve's decision this week. Stocks are also being pressured by weakness in Disney, Deere and CNH Industrial.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 5:42 pm

Major indexes are up due to mixed US economic data and optimism in tech stocks driven by Arm's IPO. The People's Bank of China's cut in reserve requirements has also boosted metals stocks.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 5:48 pm

The market is awaiting the next CPI report, with expectations of headline inflation increasing to 3.6% YoY. The report will likely impact several ETFs, including SPDR S&P 500 ETF Trust (SPY), iShares Core U.S. Aggregate Bond ETF (AGG), SPDR Gold Trust (GLD), iShares Russell 2000 ETF (IWM), and iShares 20+ Treasury Bond ETF (TLT). These ETFs have shown varied responses to previous CPI reports.

Portfolio Pulse from Piero Cingari

September 11, 2023 | 3:45 pm

Major indexes are down due to a rise in Treasury yields, increasing oil prices, and weak economic data from China.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 3:08 pm

Despite non-farm payrolls surpassing expectations and an uptick in the unemployment rate, the economy is in a 'not too hot, not too cold' state. This has led to a positive response from risk assets, especially stocks. The S&P 500 index, tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), has risen by 2.8% this week. Other ETFs that performed well include VanEck Oil Services ETF (NYSE:OIH), SPDR Metals & Mining ETF (NYSE:XME), SPDR S&P Oil & Gas Explor & Production (NYSE:XOP), SPDR Regional Banking ETF (NYSE:KRE), Energy Select Sector SPDR Fund (NYSE:XLE), iShares MSCI Emerging Markets ETF (NYSE:EEM), and iShares Russell 2000 ETF (NYSE:IWM).

Portfolio Pulse from Piero Cingari

September 01, 2023 | 3:43 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.