The Russell 2000 surged 2.4%, aiming for its first closing high since Nov. 8, 2021, ending a 967-day streak without a record. Traders are embracing risk assets, driving the Invesco S&P 500 High Beta ETF up 2.3%. Momentum and growth factor-focused ETFs are also performing well. Following a setback on Wednesday, the market is bullish on stocks and anticipating more rate cuts.

Read more at Dow Jones & Company: Russell 2000 Heads for First Record Since 2021. The Market’s in Risk-On Mode.