The Russell 2000 index, represented by the iShares Russell 2000 ETF (IWM), is approaching an all-time high following a strong performance in recent trading sessions. As of November 11, 2024, IWM is up 1.4% in premarket trading and has gained approximately 10% over the last five days. Meanwhile, the Dow Jones Industrial Average and the S&P 500 have also reached record highs, while the Nasdaq Composite has experienced a slight decline. The small-cap stocks, indicated by IWM and the iShares Micro-Cap ETF (IWC), have shown significant outperformance compared to large-cap indexes, with IWC rising by 1.9%. Overall, the market sentiment remains positive, particularly for small-cap stocks, which are gaining traction as they inch closer to historical highs.