Small-cap stocks rise as U.S. inflation remains flat
- Russell 2000 outperforms Nasdaq, on pace for best day in a year
- Small-cap U.S. stocks rise 4.8% after flat U.S. inflation data
- Russell 2000 on track for its best day since Nov. 10, 2022
- Small-cap stocks have been trailing behind large-cap peers this year
- Russell 2000 outperforms Nasdaq by 2.50 percentage points, largest one-day outperformance since June 7
Small-cap U.S. stocks, represented by the Russell 2000 index, outperformed their large-cap peers on Tuesday after data showed flat U.S. inflation in October. The Russell 2000 rose 4.8%, marking its best day since November 10, 2022. This comes as small-cap stocks have been trailing behind large-cap stocks throughout the year. However, on Tuesday, the Russell 2000 outperformed the Nasdaq Composite by 2.50 percentage points, the largest one-day outperformance since June 7. Overall, U.S. stocks saw gains, with the Dow Jones Industrial Average up 1.7%, the S&P 500 up 2.1%, and the Nasdaq Composite up 2.3%.
Factuality Level: 7
Factuality Justification: The article provides factual information about the performance of small-cap U.S. stocks compared to large-cap stocks on Tuesday, based on data from FactSet and Dow Jones Market data. The article also includes a chart showing the performance of the Russell 2000 and Nasdaq Composite. However, the article lacks context and analysis, and there is no mention of the reasons behind the performance of small-cap stocks or the implications of the data.
Noise Level: 3
Noise Justification: The article is short and provides a brief update on the performance of small-cap U.S. stocks compared to their large-cap peers. It mentions the recent data on U.S. inflation and provides some numbers and percentages. However, it lacks in-depth analysis, evidence, and actionable insights. The article also contains some irrelevant information about the performance of the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite.
Financial Relevance: Yes
Financial Markets Impacted: Small-cap U.S. stocks
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article discusses the outperformance of small-cap U.S. stocks on Tuesday after data showed flat U.S. inflation in October. This information is relevant to financial markets as it provides insights into the performance of different stock market segments.
Public Companies: Russell 2000 (RUT), S&P 500 (SPX), Nasdaq Composite (COMP), Dow Jones Industrial Average (DJIA)
Key People:
Reported publicly:
www.marketwatch.com 
