Russell 2000 in 1994

The Russell 2000 fell 3.2% in 1994, from 258.59 at the end of 1993 to 250.36. Its highest close was 271.08 on Mar 18 — a record that stood until May 16, 1995, and its lowest 235.16 on Dec 9. The biggest one-day fall was −2.2% on Feb 4 and the biggest rise +2.8% on Apr 5. Adjusted for inflation, it lost 5.7%.

Change in 1994

−3.2%

258.59 → 250.36

High

271.08

Mar 18

Low

235.16

Dec 9

After inflation

−5.7%

US CPI

Up days

142 of 252

longest run 9 up, 7 down

Record highs

closing records

Russell 2000, daily closes 1994

Numbers mark the events below

Key Events in 1994

What happened, and how the Russell 2000 moved — on the day (or the next trading day) and about a month later.

1
Saturday, January 1

North American Free Trade Agreement (NAFTA) enters into force. Source

Russell 2000: −0.8% next trading day (Jan 3) · +3.1% a month later
2
Wednesday, January 12 From the data

Russell 2000 sets the first of 14 record closing highs this year, at 260.23.
3
Friday, February 4

Fed raises its federal funds target to 3.25%, its first tightening since 1989, starting a bond-market sell-off. Source

Russell 2000: −2.2% that day · −0.3% a month later
4
Friday, March 18 From the data

Last record close of the year: 271.08.
5
Tuesday, April 5 From the data

Biggest one-day rise of the year: +2.8%.
6
Tuesday, December 20

Mexico devalues the peso, triggering the Mexican peso crisis; the peso is floated two days later. Source

Russell 2000: +0.1% that day · +4.4% a month later

Biggest days of 1994

Best days		Worst days
Apr 5	+2.8%	Feb 4	−2.2%
Dec 30	+1.4%	Mar 29	−2.1%
Dec 15	+1.4%	Nov 22	−1.8%
Apr 21	+1.3%	Mar 30	−1.8%
May 18	+1.2%	Dec 8	−1.7%

Volatility: 10.0% (annualised standard deviation of daily changes).

Month by month

Month	Close	Change	High	Low
Jan	266.52	+3.1%	266.52	256.53
Feb	265.53	−0.4%	267.62	261.67
Mar	251.06	−5.4%	271.08	251.06
Apr	252.55	+0.6%	255.95	242.14
May	249.28	−1.3%	254.50	243.95
Jun	240.29	−3.6%	252.74	238.96
Jul	244.06	+1.6%	245.76	240.68
Aug	257.32	+5.4%	257.32	244.19
Sep	256.12	−0.5%	259.79	253.08
Oct	255.02	−0.4%	255.12	249.37
Nov	244.25	−4.2%	254.15	240.61
Dec	250.36	+2.5%	250.36	235.16

Other Markets in 1994

Change over the calendar year.

Market	Change	Year-end
Russell 2000	−3.2%	250.36
Dow Jones Industrial Average in 1994	+2.1%	3,834.44
S&P 500 in 1994	−1.5%	459.27
Nasdaq Composite in 1994	−3.2%	751.96
Nikkei 225 in 1994	+13.2%	19,723.00
Gold in 1994	−2.2%	$383.25
Silver in 1994	−5.2%	$4.85
WTI crude oil in 1994	+25.2%	$17.77
Brent crude oil in 1994	+23.1%	$16.23
US 10-year Treasury yield in 1994	+2.01 pp	7.84%

1990 1991 1992 1993 1994 1995 1996 1997 1998 1999

Russell 2000 in 1994: FAQ

How much did the Russell 2000 fall in 1994?

What were the highest and lowest closes of the Russell 2000 in 1994?

Highest: 271.08 on March 18, 1994. Lowest: 235.16 on December 9, 1994. It closed higher on 142 of 252 trading days.

What happened to the Russell 2000 on February 4, 1994?

Fed raises its federal funds target to 3.25%, its first tightening since 1989, starting a bond-market sell-off. The Russell 2000 fell 2.2% that day, and was −0.3% a month later.

Did the Russell 2000 reach a record high in 1994?

Yes — 14 record closing highs, the last at 271.08 on March 18, 1994.

Data: Daily closes since Sep 1987. Price index: dividends are not included. Inflation: US CPI-U. Events marked "From the data" are found automatically from the closing prices; the others are researched, with the source linked. Not investment advice.