Small-cap benchmark Russell 2000 becomes first major U.S. stock measure to enter bear market

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The Russell 2000 benchmark entered a bear market on Thursday, down more than 20% from the index’s all-time high close in late November 2024. The index’s decline marks the first major U.S. benchmark to reach that territory following a monthlong market sell-off that was accelerated by President Donald Trump’s tariff rollout.