The Russell 2000 index experienced a notable decline, falling by 4.4% on December 18, marking its worst performance since June 2022. This downturn was further reflected in the Russell 2000 ETF ($IWM), which closed down 9.5% from its intraday high recorded on November 25. As of December 19, the Russell 2000 futures showed a slight recovery, rising by 1%. However, they remain in correction territory, with the index now reflecting a 9% drawdown from its closing price, indicating ongoing volatility in the small-cap market.