The Russell 2000 small-cap ETF, $IWM, has experienced significant declines, marking its worst two-day return in over two months. As of November 13, 2024, $IWM is down 4% since the close on Monday, erasing more than half of its post-election jump of 7.8%. The small-cap futures also reached a new week low, with the latest figure recorded at 2391.40. Analysts noted that this downward trend has made small caps the worst-performing segment of U.S. equities, with a drop of 1.26% this week. The performance of $IWM has raised concerns among investors, with some suggesting that the current trajectory could lead to further declines.