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Russell 2000 Crosses 3000 Line. It’s Crushing the Mag 7 Lately.

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Don’t look now, but the Russell 2000 just hit 3000.

The small-cap index was up 0.7% and trading slightly above the 3000 mark. It first closed above 2000 on Dec. 23, 2020, according to Dow Jones Market Data. It first closed above 1000 on July 5, 2013.

Smaller stocks have been riding a bit of a resurgence this year. The index is up 42% in the past 12 months and 21% this year.

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