Russell 2000 Hits Record as Small Caps Beat Big Tech — Why Wall Street Watches the First 10 Trading Days
NEW YORK, Jan 20, 2026, 06:04 EST Smaller-company stocks finished last week strong, with the Russell 2000 hitting a record close on Jan. 16, outpacing the S&P 500 for the 11th session in a row, the Wall Street Journal reported. The index has surged roughly 7.9% this year, leaving the early gains in the S&P 500 and Nasdaq in the dust. (Wall Street Journal) That early edge counts since the U.S. rally has leaned heavily on mega-cap tech for years. If smaller firms keep pushing ahead, it signals investors are branching out beyond the so-called Magnificent Seven — Apple, Microsoft,