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Russell 2000 in 1999

The Russell 2000 rose 19.6% in 1999, from 421.96 at the end of 1998 to 504.75. Its highest close was 504.75 on Dec 31 — a record that stood until January 14, 2000, and its lowest 383.37 on Mar 23. The biggest one-day fall was −2.5% on Mar 23 and the biggest rise +2.7% on Apr 21. Adjusted for inflation, it gained 16.5%.

Change in 1999
+19.6%
421.96 → 504.75
High
504.75
Dec 31
Low
383.37
Mar 23
After inflation
+16.5%
US CPI
Up days
138 of 252
longest run 11 up, 5 down
Record highs
2
closing records

Russell 2000, daily closes 1999

Numbers mark the events below
395444493previous recordJanFebMarAprMayJunJulAugSepOctNovDec1Mar 23: Biggest one-day fall of the year: −2.5%.2Apr 21: Biggest one-day rise of the year: +2.7%.3Nov 12: Gramm-Leach-Bliley Act is signed, repealing Glass-Steagall limits on combining banking and securities.4Dec 29: sets the first of 2 record closing highs this year, at 497.01. Back above its pre-bear-market peak of 491.41 (April 21, 1998).5Dec 31: Last record close of the year: 504.75. closes above 500 for the first time (504.75).

Key Events in 1999

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

  1. 1
    Tuesday, March 23 From the data
    Biggest one-day fall of the year: −2.5%.
  2. 2
    Wednesday, April 21 From the data
    Biggest one-day rise of the year: +2.7%.
  3. 3
    Friday, November 12
    Gramm-Leach-Bliley Act is signed, repealing Glass-Steagall limits on combining banking and securities. Source
    Russell 2000: +0.5% that day · +5.1% a month later
  4. 4
    Wednesday, December 29 From the data
    sets the first of 2 record closing highs this year, at 497.01. Back above its pre-bear-market peak of 491.41 (April 21, 1998).
  5. 5
    Friday, December 31 From the data
    Last record close of the year: 504.75. closes above 500 for the first time (504.75).

Biggest days of 1999

Best daysWorst days
Apr 21+2.7%Mar 23−2.5%
Mar 25+2.2%Apr 19−2.2%
Feb 11+2.1%Feb 9−2.0%
Sep 3+2.0%May 24−1.9%
Dec 21+1.8%Feb 12−1.9%

Volatility: 14.2% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan427.22+1.2%433.13420.10
Feb392.26−8.2%426.08389.54
Mar397.63+1.4%401.12383.37
Apr432.81+8.8%435.16397.77
May438.68+1.4%450.84432.59
Jun457.68+4.3%457.68431.53
Jul444.77−2.8%465.80441.58
Aug427.83−3.8%442.63422.82
Sep427.30−0.1%441.19417.09
Oct428.64+0.3%430.19408.90
Nov454.08+5.9%462.04431.82
Dec504.75+11.2%504.75453.67

Other Markets in 1999

Change over the calendar year.

MarketChangeYear-end
Russell 2000+19.6%504.75
Dow Jones Industrial Average in 1999+25.2%11,497.12
S&P 500 in 1999+19.5%1,469.25
Nasdaq Composite in 1999+85.6%4,069.31
Nikkei 225 in 1999+36.8%18,934.34
Gold in 1999+0.9%$290.25
Silver in 1999+6.4%$5.33
WTI crude oil in 1999+112.2%$25.76
Brent crude oil in 1999+136.5%$24.93
US 10-year Treasury yield in 1999+1.80 pp6.45%
1990199119921993199419951996199719981999

Russell 2000 in 1999: FAQ

How much did the Russell 2000 rise in 1999?

The Russell 2000 rose 19.6% in 1999, from 421.96 at the end of 1998 to 504.75. Its highest close was 504.75 on Dec 31 — a record that stood until January 14, 2000, and its lowest 383.37 on Mar 23. The biggest one-day fall was −2.5% on Mar 23 and the biggest rise +2.7% on Apr 21. Adjusted for inflation, it gained 16.5%.

What were the highest and lowest closes of the Russell 2000 in 1999?

Highest: 504.75 on December 31, 1999. Lowest: 383.37 on March 23, 1999. It closed higher on 138 of 252 trading days.

What happened to the Russell 2000 on November 12, 1999?

Gramm-Leach-Bliley Act is signed, repealing Glass-Steagall limits on combining banking and securities. The Russell 2000 rose 0.5% that day, and was +5.1% a month later.

Did the Russell 2000 reach a record high in 1999?

Yes — 2 record closing highs, the last at 504.75 on December 31, 1999.

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.