The Russell 2000 has slipped 0.2% since the end of February, compared with the S&P 500’s 4.6% loss and the Dow Jones Industrial Average’s 6% decline. It’s the latest twist in a swirling market narrative in 2018. Many investors remain bullish on U.S. stocks, reasoning that the 2017 tax cut will lift profits and keep markets buoyant. According to Alec Young, managing director of global markets research at FTSE Russell, firms in the Russell 2000 get 19% of revenue from overseas, compared with 39% in the large-cap Russell 1000. The Russell 2000 rose 14% between Election Day and the end of 2016, trouncing the broader S&P 500’s 4.6% gain.

Source: Wall Street Journal March 25, 2018 21:22 UTC