Small-cap stocks faced significant pressure as the market encountered challenges on Tuesday, dragging a closely monitored index back into negative territory for the year.
The small cap-centric Russell 2000 witnessed a decline of over 3% during Tuesday’s trading session.
In contrast, the broader S&P 500 experienced a loss of approximately 1.3%. Following this decline, the Russell 2000 was down roughly 3% for the year.
This signifies a reversal to trading in negative territory following a brief surge that momentarily pushed the index into positive territory compared to the beginning of 2024.
Meanwhile, the S&P 500 remains up by 4% year to date, further highlighting the turbulent period for small-cap stocks.
