Small-company stocks were a bright spot, with the Russell 2000 climbing above 1,000 for the first time and ending higher, even as the Dow, S&P 500, and Nasdaq edged lower. Small stocks are doing well because they are more focused on the US economy and are less exposed to recession-plagued Europe. The smaller companies’ gains are encouraging for the broader market because they show investors are getting more comfortable about the economy and investing in riskier assets, said Rob Lutts at Cabot Money Management, a Salem firm. Small-company stocks are considered riskier than stocks of big established companies.
Snapshot: Small-cap stocks rise as others mostly fall
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