Small-cap stocks, represented by the iShares Russell 2000 ETF ($IWM), have shown notable strength in early June 2025. $IWM recorded two consecutive closes above its 100-day moving average for the first time in four months, reaching a three-month high. The Russell 2000 index and $IWM have been leading gains, with $IWM rising 3.1% over the week, outperforming the S&P 500 ETF ($SPY) which gained 1.6%, and the Vanguard FTSE All-World ex-US ETF ($VEU) which increased by 1.4%. International small caps, tracked by the Vanguard FTSE All-World ex-US Small-Cap ETF ($VSS), have been on a steady upward trend since April 7, potentially marking a ninth consecutive winning week. On June 6, $IWM and the Russell 2000 futures ($RTY_F) traded above recent weekly highs and the June value area. The Russell 2000 continued to lead market advances, gaining 1.6% on the day, while major technology stocks within the Mag7 group also showed solid performance.