Broader market takes up running from tech stocks

Sentiment on US smaller companies is positive as the market broadens and becomes less reliant on the performance of technology stocks. Jonathan Price, product manager at Flemings says the Russell 2000 is probably the best performing index at present. It is currently outperforming both the S&P 500 index and the Dow Jones Industrials index. In dollar terms, the Russell 2000 grew 1.9% over the past year to 14 August, compared to the S&P's rise of 0.18% and the Dow Jones fall of 4.08%. This is a change from what Price calls the "torrid time" of 1997, 1998 and early 1999 when smaller compani...