RPT-Energy may give further impetus to U.S. small-cap stocks [Reuters (UK)]
Ameriprise Financial, Inc. (AMP)
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Source: Reuters
RPT-Energy may give further impetus to U.S. small-cap stocks | Reuters Reuters Staff 4 Min Read (Repeats with no changes) By Caroline Valetkevitch and April Joyner NEW YORK, May 21 (Reuters) - U.S. small-cap stocks look poised to extend a breakout rally, especially if oil prices advance deeper into levels last seen in 2014 to drive further gains in the small energy companies that have provided leadership in recent week, analysts and investors said. The Russell 2000 index of small capitalization stocks closed at a record high for a third day in a row on Friday and registered its third week of gains, sharply outperforming large-cap stocks on Wall Street, with all three major indexes posting losses for the week. The Russell is up 11.1 percent since its Feb. 8 low for the year, while the S&P 500 is up just 5.1 percent since that date. The S&P 600 small-cap index is also at a record high. Energy shares within the S&P 600 have led recent gains, thanks to a jump in oil prices, which analysts
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