iShares Russell 2000 ETF Surges Ahead: Outperforms S&P 500 and QQQ Amid Rate Cut Hopes
July 21, 2024
The iShares Russell 2000 ETF (IWM) continues its impressive surge in stock price, outperforming popular funds like the SPDR S&P 500 and Invesco QQQ ETFs.
This momentum is driven by positive consumer inflation data in the US, leading the Federal Reserve to hint at potential interest rate cuts.
The rebound in small-cap stocks, previously impacted by higher rates, has contributed to IWM's success.
Key sectors driving IWM's performance include biotech, health, insurance, and technology.
Technical analysis suggests the ETF is on track to rise further, with resistance points at $235 and $250.
In contrast, the iShares Russell 1000 Growth ETF (IWF) recently saw a significant $163.8 million inflow in shares outstanding.
Top components of IWF include Progressive Corp. (PGR) and Arista Networks Inc (ANET).
IWF is a Large-Cap Momentum ETF with significant exposure to the Technology sector, particularly Software & Programming.
Validea's ETF fundamental report offers detailed analysis of IWF's exposure to major investing factors, providing valuable insights for investors.
Summary based on 3 sources
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Sources

Nasdaq • Jul 19, 2024
Notable ETF Inflow Detected - IWF, PGR, ANET, CDNS
Nasdaq • Jul 21, 2024
ETF Fundamental Report for IWF
Invezz • Jul 17, 2024
IWM ETF: How high can the Russell 2000 index fund go?