Small cap stocks hit highest level in three years

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The Russell 2000 (^RUT) rose more than 2% on Monday to hit its highest level since November 2021.
The small cap index has rallied in recent months as the Fed began its interest rate cutting cycle, fueling expectations of less expensive financing.
The Russell 2000 is up more than 20% year-to-date, with much of those gains occurring since early August.
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