IWM, the Russell 2000 small-cap ETF, led a broad market rebound as capital rotated into small-cap stocks. The Federal Reserve shifted from quantitative tightening to quantitative easing, adding $60 billion to its securities portfolio. U.S. Treasury yields declined, with the 10-year yield falling below 4.2% and the 2-year yield dropping to 3.45%. Job openings fell unexpectedly for a third consecutive month in December, reaching 6.542 million vacancies, the lowest level since 2020. Markets rotated away from the technology sector into other areas including small caps and cyclicals. Stock benchmarks rebounded after a difficult start to February. However, large outflows were detected at IWM according to Nasdaq data during this period.
Read full analysisIWM, the Russell 2000 small-cap ETF, led a broad market rebound as capital rotated into small-cap stocks. The Federal Reserve shifted from quantitative tightening to quantitative easing, adding $60 billion to its securities portfolio. U.S. Treasury yields declined, with the 10-year yield falling below 4.2% and the 2-year yield dropping to 3.45%. Job openings fell unexpectedly for a third consecutive month in December, reaching 6.542 million vacancies, the lowest level since 2020. Markets rotated away from the technology sector into other areas including small caps and cyclicals. Stock benchmarks rebounded after a difficult start to February. However, large outflows were detected at IWM according to Nasdaq data during this period.
iShares Russell 2000 ETF (IWM) is a publicly traded company in the Broad Market sector.