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Russell 2000 falls 9.2% from highs and tests its 200-day average ahead of the Fed

FinanceInternationalXTB.com35 s readAI summary
Image: XTB.com

The Russell 2000 has fallen 9.2% from its August highs and again tested its 200-day moving average, after closing Monday at 2,786 points, 0.5% below that reference near 2,801 points. The small-cap index awaits the Federal Reserve's rate decision, in a context where financing remains a concern for companies that rely on variable-rate loans or need to refinance debt frequently.

In 35 seconds

  • The Russell 2000 closed at 2,786 points, 0.5% below its 200-day average, near 2,801 points.
  • The index's median interest coverage is 1.3 times, versus 3 times for the S&P SmallCap 600 and 7 times for the S&P 500.
  • The market expects the Fed to hold the 3.75%-4.00% range in October, with expectations of another hike in December.
Read the full story at XTB.com

IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.

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