Russell 2000 in 1997

The Russell 2000 rose 20.5% in 1997, from 362.61 at the end of 1996 to 437.02. Its highest close was 465.21 on Oct 13 — a record that stood until March 11, 1998, and its lowest 335.85 on Apr 25. The biggest one-day fall was −6.1% on Oct 27 and the biggest rise +2.4% on May 2. Adjusted for inflation, it gained 18.5%.

Change in 1997

+20.5%

362.61 → 437.02

High

465.21

Oct 13

Low

335.85

Apr 25

After inflation

+18.5%

US CPI

Up days

155 of 253

longest run 11 up, 5 down

Record highs

closing records

Russell 2000, daily closes 1997

Numbers mark the events below

Key Events in 1997

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

1
Thursday, January 9 From the data

Russell 2000 sets the first of 60 record closing highs this year, at 365.59.
2
Friday, May 2 From the data

Biggest one-day rise of the year: +2.4%.
3
Wednesday, July 2

Thailand floats the baht, starting the Asian financial crisis. Source

Russell 2000: +0.1% that day · +5.2% a month later
4
Friday, July 11 From the data

Russell 2000 closes above 400 for the first time (402.26).
5
Monday, October 13 From the data

Last record close of the year: 465.21.
6
Thursday, October 23

Hong Kong Monetary Authority raises overnight rates to defend the dollar peg as the Hang Seng slumps. Source

Russell 2000: −1.9% that day · −4.9% a month later
7
Monday, October 27

Dow falls 554.26 points (7.18%); NYSE circuit breakers halt and then end trading early. Source

Russell 2000: −6.1% that day · −4.4% a month later

Biggest days of 1997

Best days		Worst days
May 2	+2.4%	Oct 27	−6.1%
May 5	+2.4%	Nov 12	−2.3%
Oct 28	+2.3%	Oct 23	−1.9%
Nov 3	+1.8%	Dec 11	−1.9%
Dec 30	+1.7%	Mar 31	−1.8%

Volatility: 13.0% (annualised standard deviation of daily changes).

Month by month

Month	Close	Change	High	Low
Jan	369.45	+1.9%	370.65	358.96
Feb	360.05	−2.5%	370.17	360.05
Mar	342.56	−4.9%	367.87	342.56
Apr	343.00	+0.1%	346.73	335.85
May	380.76	+11.0%	380.76	345.66
Jun	396.37	+4.1%	396.49	382.67
Jul	414.48	+4.6%	414.48	394.13
Aug	423.43	+2.2%	423.43	408.58
Sep	453.82	+7.2%	453.82	428.05
Oct	433.26	−4.5%	465.21	420.13
Nov	429.92	−0.8%	444.76	423.39
Dec	437.02	+1.7%	442.03	420.03

Other Markets in 1997

Change over the calendar year.

Market	Change	Year-end
Russell 2000	+20.5%	437.02
Dow Jones Industrial Average in 1997	+22.6%	7,908.24
S&P 500 in 1997	+31.0%	970.43
Nasdaq Composite in 1997	+21.6%	1,570.35
Nikkei 225 in 1997	−21.2%	15,259.00
Gold in 1997	−21.4%	$290.20
Silver in 1997	+25.4%	$5.98
WTI crude oil in 1997	−31.9%	$17.65
Brent crude oil in 1997	−33.6%	$15.86
US 10-year Treasury yield in 1997	−0.68 pp	5.75%

1990 1991 1992 1993 1994 1995 1996 1997 1998 1999

Russell 2000 in 1997: FAQ

How much did the Russell 2000 rise in 1997?

What were the highest and lowest closes of the Russell 2000 in 1997?

Highest: 465.21 on October 13, 1997. Lowest: 335.85 on April 25, 1997. It closed higher on 155 of 253 trading days.

What happened to the Russell 2000 on October 27, 1997?

Dow falls 554.26 points (7.18%); NYSE circuit breakers halt and then end trading early. The Russell 2000 fell 6.1% that day, and was −4.4% a month later.

Did the Russell 2000 reach a record high in 1997?

Yes — 60 record closing highs, the last at 465.21 on October 13, 1997.

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.