(Reuters) – The Russell 2000 index monitoring small cap firms within the U.S. hit a file excessive on Monday, boosted by expectations of tax cuts below a second Donald Trump administration, together with the prospect of decrease borrowing prices. The index hit an all-time excessive of two,458.9913 and was final up 2.1%, eclipsing the earlier excessive it touched three years in the past. The index has gained greater than 8% for the reason that Nov. 5 U.S. presidential election. Expectations that Trump, together with a Republican Congress, could make good on his promise of decrease taxes, import tariff hikes and fewer inflexible rules have been the most recent tailwinds for this group of shares.
Small cap firms have been within the highlight for the reason that U.S. Federal Reserve commenced its financial coverage easing cycle in September, as buyers count on them to carry out higher in a low-interest-rate surroundings.
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