Russell 2000 Hits 9-Month Highs, Bitcoin Drops Below $110,000: What's Moving Markets Tuesday?

Investors are watching small caps heat up on an otherwise slow Tuesday morning, with the Russell 2000 climbing 1% and outpacing its larger peers, amid growing bets on a Fed rate cut next month.

TNA ETF is rocketing as Russell 2000 rallies. Check live prices here.

The small-cap benchmark jumped to its highest since mid-December 2024 and is now on track for its strongest monthly outperformance versus the S&P 500 since July 2024. That's a clear sign investors are shifting into more economically sensitive names on hopes of looser monetary policy.

While the Russell 2000 made a clean move higher, the S&P 500 stayed flat near 6,450, the Nasdaq 100 inched up 0.2% to 23,481 and the Dow Jones hovered around 45,300.

Wall Street is largely in wait-and-see mode ahead of Wednesday’s NVIDIA Corp. (NASDAQ:NVDA) quarterly result.

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