economy
US small caps soar as investors look beyond big tech
Russell 2000 on course for best year since 2003, helped by AI spending, tax changes and low valuations
TL;DR
- The Russell 2000 is experiencing its best year since 2003.
- AI spending is a key factor contributing to this growth.
- Changes in tax policies have also supported the index's performance.
- Low valuations have made small-cap stocks more attractive to investors.