Russell 2000 Hits Record Highs, Silver Rallies To $60: What’s Moving Markets Tuesday?
U.S. small caps climbed to fresh record highs Tuesday as traders nearly fully priced in a Federal Reserve rate cut at Wednesday’s policy meeting.
- SLV ETF is up 110% year-to-date. Check live prices here.
By 12:30 p.m. in New York, the Russell 2000 rose 0.6% to 2,540, extending its breakout as investors rotated into small caps and other rate-sensitive sectors.
The CME FedWatch tool showed a 90% chance of a 25-basis-point cut at the Dec. 10 meeting, while Polymarket odds were even firmer at 95%, signaling broad conviction that the Fed is about to begin easing.
The S&P 500 added 0.3% to 6,865, sitting less than a percentage point from record highs. The Dow Jones Industrial Average gained 0.3% and the Nasdaq 100 inched 0.2% higher to 25,700.
Job openings jumped to 7.67 million in October, topping expectations and easing concerns that the U.S. labor market is cooling too quickly.
Rate-cut expectations continued to fuel a sharp rally across precious metals. …
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