Small-to-Mid Caps Hit Hard: Russell 2500 Index Plunges Nearly 5%

New York, NY – The Russell 2500 Index, a key benchmark for small-to-mid-capitalization U.S. stocks, suffered a significant blow on Thursday, April 4th, closing down sharply amid widespread market declines.

The index settled at 796.59, marking a steep drop of 4.92% for the session. This translates to a loss of 41.26 points, highlighting a tough trading day for this segment of the equity market.

Data reported at 4:30:11 PM UTC-4 by IndexRussell showed the extent of the negative sentiment. The index opened well below its previous close of 837.85 and trended downwards for much of the day. The intraday chart reveals a sharp dip mid-morning, reaching below the 780 level, followed by choppy trading with attempts to rally that ultimately failed to gain significant traction, leading to a close near the day’s lows.

This pronounced downturn in the Russell 2500, which captures the bottom 2,500 stocks in the broader Russell 3000 index, indicates that the selling pressure extended beyond large-cap names, impacting smaller and mid-sized companies significantly during Thursday’s trading.