Russell 2000 zooms ahead
The Russell 2000 small cap index is leading a Wall Street rally sparked by news that core U.S. inflation barely rose in May.
At 10:01 a.m. ET the Russell 2000 was up 11.09 points, or 1.32 percent, to 848.21. Dow Jones Industrial Average had added 89.50 points, or 0.66 percent, to 13,643.22.
The core consumer price index, which excludes the cost of food and energy, increased just 0.1% in May, the U.S. Labor Department said before the market open. That’s less than the expected rise of 0.2%.
Overall, U.S. consumer prices increased 0.7% in May, the most since September 2005. Prices increased 0.4% in April. The rise was primarily due to higher energy costs.
The numbers suggest that underlying inflation is tame, easing concerns the U.S. Federal Reserve will look to raise interest rates in the future.
The following were the most actively traded companies in Friday's trading among those with market capitalizations under $500 million:
| Price at | % | ||||||
| 10:00 et | Change | Change | Volume | Year High | Year Low |
