Streetbeat News

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

232.22

Mkt cap

66B

Volume

38M

High

232.29

P/E Ratio

14.57

52-wk high

242.39

Low

227.81

Div yield

0.01

52-wk low

176.91

The Federal Reserve's anticipated interest rate cut is expected to impact small-cap sectors differently. Financials and real estate are likely to benefit, with ETFs like iShares Russell 2000 Financials ETF (IWFN) and Vanguard Real Estate ETF (VNQ) offering potential gains. Consumer discretionary and energy sectors may also see positive effects, with SPDR S&P 600 Small Cap Consumer Discretionary ETF (PSCD) and SPDR S&P Oil & Gas Exploration & Production ETF (XOP) as options. Technology and healthcare sectors remain stable but less rate-sensitive.

Portfolio Pulse from Surbhi Jain

September 18, 2024 | 1:34 pm

The S&P 500, tracked by SPDR S&P 500 ETF Trust (SPY), hit record highs ahead of the Fed's interest rate decision, marking a 7-day winning streak. The Invesco QQQ Trust (QQQ) and SPDR Dow Jones Industrial Average ETF (DIA) closed flat, while iShares Russell 2000 ETF (IWM) rose 0.8%. Market expectations for the Fed's rate cut are mixed, with a 65% chance of a 50-basis-point cut. Enphase Energy, Hewlett Packard Enterprise, and Moderna were among the top gainers.

Portfolio Pulse from Piero Cingari

September 17, 2024 | 8:37 pm

Investors are preparing for the Federal Reserve's anticipated interest rate cut by shifting their portfolios towards ETFs that benefit from lower rates. Notable ETFs with significant inflows include iShares MSCI EAFE Value ETF, SPDR Portfolio S&P 500 Value ETF, SPDR Gold Shares, and VanEck Semiconductor ETF. The market is divided on whether the Fed will cut rates by 25 or 50 basis points, with JPMorgan Chase & Co. predicting a larger cut.

Portfolio Pulse from Piero Cingari

September 17, 2024 | 7:39 pm

Wall Street saw a positive session as investors anticipate a Fed rate cut. Small caps, solar, clean energy, and regional banks led gains. Bitcoin surged over 4% due to positive ETF inflows. Treasury yields and the US dollar rose on strong retail sales data.

Portfolio Pulse from Piero Cingari

September 17, 2024 | 5:38 pm

Tech stocks fell as concerns over Apple's iPhone 16 demand impacted chipmakers, with Apple shares dropping over 3% and Arm Holdings plunging more than 5%. The semiconductor sector, tracked by the iShares Semiconductor ETF, declined by 2.2%. Meanwhile, bonds rose on expectations of a 0.5% Fed rate cut.

Portfolio Pulse from Piero Cingari

September 16, 2024 | 5:48 pm

Major indexes are experiencing gains as investors respond positively to recent economic data and a decrease in yields, which may be contributing to the rise in stock prices.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 5:20 pm

Wall Street is experiencing a positive session with all sectors of the S&P 500 index trading in the green, driven by expectations of a Federal Reserve rate cut. Small-cap stocks are outperforming, and precious metals are rallying. Adobe and Boeing face declines due to revenue guidance and labor strikes, respectively, while United Airlines and Warner Bros Discovery see gains from strategic partnerships.

Portfolio Pulse from Piero Cingari

September 13, 2024 | 5:18 pm

Consumer sentiment in the US has reached a four-month high, driven by easing inflation expectations. This has positively impacted stock markets, with major ETFs like SPY, QQQ, IWM, DIA, and XLB showing gains. The US dollar weakened, affecting the UUP ETF.

Portfolio Pulse from Piero Cingari

September 13, 2024 | 4:00 pm

Major indexes are experiencing gains, driven by strength in NVIDIA, as investors evaluate recent Producer Price Index (PPI) and Consumer Price Index (CPI) data.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 6:05 pm

Wall Street saw slight gains on Thursday, with small caps leading the way. The Russell 2000 index surged 1.2%, driven by mixed inflation data and stable jobless claims. Gold and silver prices rose, boosting mining stocks and ETFs like GDX and SIL. Notable stock movements included Newmont Corp. rising 4.5% and Moderna Inc. falling over 14%.

Portfolio Pulse from Piero Cingari

September 12, 2024 | 5:34 pm

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