Russell 2000, US7827001089

Russell 2000 rises 0.46 percent in afternoon trading before Fed minutes

Published on 10/07/2026 at 18:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The small-cap index traded higher as Treasury yields and oil prices rose, with a USD 39 billion note auction and Fed minutes due later Wednesday.

Russell 2000, US7827001089, Illustration mit AI erstellt.
Russell 2000, US7827001089, Illustration mit AI erstellt.

The Russell 2000 traded at 2,848.70 points at 12:29:35 p.m. ET on October 7, up 0.46 percent, according to Yahoo Finance. The small-cap index moved higher ahead of a closely watched Treasury auction and the Federal Reserve's release of its September meeting minutes.

Rates and oil set the backdrop

Treasury yields rose during the session, with the 10-year yield at 5.333 percent and the 30-year yield at 5.711 percent, while Brent crude moved above USD 101 per barrel, CNBC reported. The higher-rate and energy-cost backdrop kept attention on financing conditions for smaller companies.

Reuters said investors were reassessing the interest-rate outlook as oil prices rebounded. The agency reported that the Russell 2000 was more than 8 percent below its all-time high and that markets were pricing a December rate hike as a possibility.

Events ahead

The U.S. Treasury was scheduled to auction USD 39 billion of 10-year notes at 1:00 p.m. ET, followed by the minutes of the Federal Reserve's September 15-16 meeting at 2:00 p.m. ET. The Federal Reserve listed October 7 for the minutes, while CNBC gave the release time.

The next scheduled U.S. market event was initial jobless claims at 8:30 a.m. ET on October 8, according to FinanceCalendar.

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