U.S. Small Caps Rise; Goosehead Insurance Tops Leaders

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Shares of small-cap companies gained Thursday, as the Russell 2000 Index increased 1.3%, and the S&P Small Cap 600 Index was up 1.4%.

Among companies with a market value of $1 billion to $6.7 billion, Goosehead Insurance was the best performer during the session, surging 29%, followed by Viking Therapeutics, which surged 28%. AST SpaceMobile shares jumped 25%, Indivior surged 20%, and shares of RPC surged 20%.

MaxLinear was the biggest laggard, dropping 37%, followed by shares of Hut 8, which dropped 18%. Shares of Kaiser Aluminum dropped 15%, Garrett Motion shares tumbled 12%, and Edgewise Therapeutics tumbled 12%.

Major U.S. stock indexes ended Thursday mixed as the Nasdaq Composite Index fell 0.9%. Meanwhile, the S&P 500 Index fell 0.5%, and the Dow Jones Industrial Average gained 0.2%

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

07-25-24 1719ET