Russell 2000 futures surged to a 24-session high, climbing 1.75% as weak ADP payroll data pushed Treasury yields lower. With private payrolls falling by 32,000, expectations for a Federal Reserve rate cut increased, providing a tailwind for small-cap stocks that benefit from lower borrowing costs. Strength in key sectors like financials, consumer discretionary, and industrials further fueled the rally, helping the Russell outperform the S&P 500 and Nasdaq-100.
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