Proshares UltraPro Short Russell2000 ETF(SRTY.US)

On Monday (January 19), at the New York close, S&P 500 index futures ultimately fell by 0.88%, Dow futures dropped by 0.80%, and Nasdaq 100 index futures decreased by 1.11%. Russell 2000 index futures fell by 1.01%

Small-cap stocks outperformed with Russell 2000 hitting record highs. U.S. economy expected to grow at 5.3% annual rate. Initial jobless claims low at 198,000.

Small-cap stocks have outperformed, with the Russell 2000 reaching record highs, marking its longest streak of outperformance against the S&P 500 since 2008. This surge is supported by positive macroeconomic data, including a projected 5.3% annual growth rate for the U.S. economy and initial jobless claims at 198,000, the second-lowest in two years. Analysts expect this economic acceleration to enhance earnings for small and mid-cap companies, leading to upward adjustments in profit forecasts.

Asian shares are mixed and US futures edge higher after Wall Street steadies

Asian shares showed mixed results as Wall Street ended a two-day decline, buoyed by gains in major tech firms like Nvidia. U.S. futures rose while oil prices fell. The tech sector gained traction following a report from Taiwan Semiconductor Manufacturing Co., a key industry supplier.

Small caps outshine tech elite in 2026; Russell 2000 hits record highs, up 7% YTD. Small caps beat S&P for 10 days.

In 2026, the Russell 2000 index has reached record highs, outperforming tech giants and the S&P 500. Small-cap stocks have consistently surpassed large caps, achieving over 7% growth year-to-date, compared to the S&P 500's 1.5%. This marks the longest stretch of small caps beating the S&P since 2008, driven by improving macroeconomic conditions and a positive earnings outlook for smaller companies.

David Vs. Goliath: Why Small Caps Are Crushing The Magnificent 7

The Russell 2000 has outperformed the S&P 500 for 10 consecutive sessions, driven by strong economic data and rising small-cap earnings expectations. As of January 15, 2026, the Russell 2000 is up over 7% year-to-date, while the S&P 500 has gained only 1.5%. Analysts note a significant increase in small-cap companies raising earnings guidance, a rare occurrence that historically precedes sustained outperformance. Technical indicators suggest further gains for the Russell 2000, with broad-based participation in the rally, including notable performances from stocks like Erasca Inc. and Critical Metals Corp.