The Russell 2000 Index, which tracks small-cap stocks, has shown significant growth recently. On September 12, 2024, it rose by 1%, and by September 13, 2024, it had jumped by 1.4%. Concurrently, the biotech ETF $XBI has also seen a positive performance, surpassing the $100 mark. This surge in small-cap stocks and biotech investments, including $IWM, indicates a bullish trend in these sectors.