The Russell 2000 index hit a record high, closing at 2467.70 for the first time since 2021. Small-cap stocks are outperforming due to anticipated lower rates, with the iShares Russell 2000 ETF surpassing the iShares Russell 1000 ETF in the past three months. Valuations suggest small-cap stocks may continue to rise.

Read more at Yahoo Finance: A Small-Stock Index Recently Set a New Record. What’s Next for Small Caps?