Stock Market Update

[BRIEFING.COM] The Russell 2000 continues to have a banner day, now up 5.5% as investors embrace a catch-up trade to larger-cap counterparts and the notion that above-potential growth will persist in the U.S. on the back of lower tax rates and deregulation under a new administration.

Small-cap value is in the leadership position in the small-cap space today. The Russell 2000 Value Index is up 6.1%.

With the market riding high on growth optimism today, relative and absolute strength is seen in many pockets with a cyclical orientation. That would include the financial (+5.7%), industrials (+3.9%), energy (+3.8%), and consumer discretionary (+3.2%) sectors.