Stock Market Today: Small-Cap Russell 2000 Slumps Into Bear Market

The major indexes plunged from green to red Thursday, but small caps took the worst of it, with the Russell 2000 now more than 20% below its November highs.

bear walking in woods
(Image credit: Getty Images)

The small-cap Russell 2000 fell into bear-market territory Thursday as Lucy yanked the ol' football away from Charlie Brown yet again. For the fourth consecutive day, what markets did in the morning looked nothing like how they finished.

Today's session started off cheerily enough on the back of a pair of positive economic releases. The Commerce Department's Bureau of Economic Analysis said U.S. fourth-quarter gross domestic product (GDP) swelled by an annualized 6.9% quarter-over-quarter, smashing expectations for 5.5% expansion.

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Kyle Woodley

Kyle Woodley is the Editor-in-Chief of WealthUp, a site dedicated to improving the personal finances and financial literacy of people of all ages. He also writes the weekly The Weekend Tea newsletter, which covers both news and analysis about spending, saving, investing, the economy and more.

Kyle was previously the Senior Investing Editor for, and the Managing Editor for before that. His work has appeared in several outlets, including Yahoo! Finance, MSN Money, Barchart, The Globe & Mail and the Nasdaq. He also has appeared as a guest on Fox Business Network and Money Radio, among other shows and podcasts, and he has been quoted in several outlets, including MarketWatch, Vice and Univision. He is a proud graduate of The Ohio State University, where he earned a BA in journalism. 

You can check out his thoughts on the markets (and more) at @KyleWoodley.