Small-caps lead stock-market surge as Russell 2000 sees biggest gain since January 2021

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Small-cap stocks had a big day on Tuesday.

The Russell 2000 RUT, a benchmark index for small-cap stocks made up of the 2,000 smallest stocks in the broad Russell 3000 RUA, jumped 3.5% to close at 1,799.33. That was its biggest one-day rise since Jan. 6, 2021, and its highest close since June 10.

It was part of a broad rally for stocks, with…

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