--- title: "US equity close: Russell 2000 defies other markets as it gains for sixth day" type: "News" locale: "en" url: "https://longbridge.com/en/news/283395405.md" description: "US stocks fell on Monday, ending a 13-day winning streak for the Nasdaq, which declined by 0.3%. The drop was attributed to the failure of the Strait of Hormuz to open, as tensions with Iran continue. In contrast, the Russell 2000 index gained 0.5%, reaching a record high for the sixth consecutive day, driven by energy, industrials, and real estate sectors. Other indices showed slight declines, with the S&P 500 down 0.2% and the Toronto TSX Comp down 0.1%. Upcoming US retail sales data and earnings reports are anticipated." datetime: "2026-04-20T20:03:38.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283395405.md) - [en](https://longbridge.com/en/news/283395405.md) - [zh-HK](https://longbridge.com/zh-HK/news/283395405.md) --- # US equity close: Russell 2000 defies other markets as it gains for sixth day US stocks fell on Monday to halt a 13-day winning streak in the Nasdaq but the fall was hardly a retracement as the index declined by just 0.3% after a monster, 15% rally since the final day of March. The trigger for the selling (as if one was needed) was the failure of Friday's announcement of the Strait of Hormuz opening up. Instead, it remains closed as Iran and the US get set for a Wednesday meeting. For now, it's not clear that Iran will even attend the meeting at this point, as they appear to be grandstanding about the US opening the Strait before they will commit to Wednesday's pow-wow. Trump, though, appears to be trying to spin the war as won and a big victory, including 'regime change'. I'm not sure that spin will stick but I suppose it will depend on the terms. Many different ideas are floating around now and leaks but eventually it will all come out, or they'll go back to war. Notably, the Russell 2000 was a solid outperformer today, hitting a fresh record high in the sixth day of gains. It was up 0.5% led by energy, industrials and real estate. Consumer cyclicals and communication services lagged. Other changes: S&P 500 -0.2% Nasdaq Comp -0.3% DJIA flat Toronto TSX Comp -0.1% Tomorrow we get US retail sales and that will be a valuable look at the US consumer. The US earnings calendar also rolls on after the close with Alaska Air and Steel Dynamics. Tomorrow we get GE Aerospace, RTX, United Airlines and Interactive Brokers. Here is the full earnings calendar for the week. Tuesday also features the first appearance from Fed Chair nominee Kevin Warsh, who will appear at the Senate. His statement has already been leaked but he will be grilled by Senators for an hour or two as well. ### Related Stocks - [UWM.US](https://longbridge.com/en/quote/UWM.US.md) - [URTY.US](https://longbridge.com/en/quote/URTY.US.md) - [VBK.US](https://longbridge.com/en/quote/VBK.US.md) - [IWN.US](https://longbridge.com/en/quote/IWN.US.md) - [TNA.US](https://longbridge.com/en/quote/TNA.US.md) - [VTWO.US](https://longbridge.com/en/quote/VTWO.US.md) - [RSSL.US](https://longbridge.com/en/quote/RSSL.US.md) - [IWM.US](https://longbridge.com/en/quote/IWM.US.md) - [IWO.US](https://longbridge.com/en/quote/IWO.US.md) - [VTWV.US](https://longbridge.com/en/quote/VTWV.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [ALK.US](https://longbridge.com/en/quote/ALK.US.md) - [STLD.US](https://longbridge.com/en/quote/STLD.US.md) - [GE.US](https://longbridge.com/en/quote/GE.US.md) - [RTX.US](https://longbridge.com/en/quote/RTX.US.md) - [UAL.US](https://longbridge.com/en/quote/UAL.US.md) - [IBKR.US](https://longbridge.com/en/quote/IBKR.US.md) ## Related News & Research - [ANALYSIS-US small caps, consumer stocks, housing shares could bear brunt of yield spike](https://longbridge.com/en/news/286809229.md) - [Small-cap stocks are plunging. Are stalled Iran negotiations responsible?](https://longbridge.com/en/news/285639120.md) - [IWM and VTWO track the same 2000 stocks yet VTWO’s ten-year return crushes IWM by nearly 40 percentage points](https://longbridge.com/en/news/286540804.md) - [Small-Cap ETFs May Be Prepping For A Comeback Investors Are Still Ignoring: Here Are Four You Can Start With](https://longbridge.com/en/news/286806917.md) - [See Which Recent 13F Filers Hold IWM](https://longbridge.com/en/news/285404582.md)