The total market capitalization of the Russell 2000 small-cap stock index jumped 84% over the past year amid the surging popularity of meme stocks and significant growth in the overall size of U.S.-listed companies. The market value of the index is now $3.5 trillion, according to benchmark provider FTSE Russell. The smallest stock on the Russell 2000, Velocity Financial Inc., is worth $257 million, up 171% from the $95 million value of the smallest stock in May 2020. FTSE Russell gave the update as it announced its preliminary list of companies that will join or leave its Russell 3000 Index and Russell Microcap Index. Over the past year, value stocks outperformed growth with the Russell 2000 Value Index posting a total return of 79% versus 50% for the growth index.

Source: Mint June 06, 2021 00:56 UTC