Russell 2000 in 2007

The Russell 2000 fell 2.7% in 2007, from 787.66 at the end of 2006 to 766.03. Its highest close was 855.77 on Jul 13 — a record that stood until April 27, 2011, and its lowest 735.07 on Nov 26. The biggest one-day fall was −4.0% on Nov 1 and the biggest rise +4.0% on Sep 18. Adjusted for inflation, it lost 6.6%.

Change in 2007

−2.7%

787.66 → 766.03

High

855.77

Jul 13

Low

735.07

Nov 26

After inflation

−6.6%

US CPI

Up days

140 of 251

longest run 7 up, 6 down

Record highs

closing records

Russell 2000, daily closes 2007

Numbers mark the events below

Key Events in 2007

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

1
Tuesday, January 30 From the data

Russell 2000 sets the first of 22 record closing highs this year, at 797.97.
2
Wednesday, January 31 From the data

Russell 2000 closes above 800 for the first time (800.34).
3
Tuesday, February 27

Shanghai stocks plunge; the Dow falls 416.02 points (3.29%). Source

Russell 2000: −3.8% that day · −2.6% a month later
4
Monday, April 2

Subprime lender New Century Financial files for Chapter 11 bankruptcy protection. Source

Russell 2000: +0.3% that day · +1.9% a month later
5
Friday, July 13 From the data

Last record close of the year: 855.77.
6
Thursday, August 9

BNP Paribas closes funds exposed to US subprime mortgages, marking the start of the credit crunch. Source

Russell 2000: −1.4% that day · −2.5% a month later
7
Friday, September 14

Northern Rock receives Bank of England emergency support, triggering a run on the bank. Source

Russell 2000: +0.4% that day · +7.8% a month later
8
Tuesday, September 18

Fed cuts its federal funds target by 50 basis points to 4.75%, its first cut since 2003. Source

Russell 2000: +4.0% that day · +6.1% a month later
9
Thursday, November 1 From the data

Biggest one-day fall of the year: −4.0%.

Biggest days of 2007

Best days		Worst days
Sep 18	+4.0%	Nov 1	−4.0%
Nov 28	+3.6%	Feb 27	−3.8%
Nov 13	+2.9%	Aug 3	−3.6%
Dec 6	+2.8%	Nov 7	−3.2%
Aug 8	+2.8%	Oct 19	−3.2%

Volatility: 20.4% (annualised standard deviation of daily changes).

Month by month

Month	Close	Change	High	Low
Jan	800.34	+1.6%	800.34	775.87
Feb	793.30	−0.9%	829.44	792.66
Mar	800.71	+0.9%	809.51	760.06
Apr	814.57	+1.7%	833.80	803.22
May	847.18	+4.0%	847.18	814.18
Jun	833.70	−1.6%	855.09	821.72
Jul	776.12	−6.9%	855.77	776.12
Aug	792.86	+2.2%	798.93	751.54
Sep	805.45	+1.6%	817.40	769.81
Oct	828.02	+2.8%	845.72	798.79
Nov	767.77	−7.3%	801.77	735.07
Dec	766.03	−0.2%	797.03	739.06

Other Markets in 2007

Change over the calendar year.

Market	Change	Year-end
Russell 2000	−2.7%	766.03
Dow Jones Industrial Average in 2007	+6.4%	13,264.82
S&P 500 in 2007	+3.5%	1,468.36
Nasdaq Composite in 2007	+9.8%	2,652.28
Nikkei 225 in 2007	−11.1%	15,307.78
Gold in 2007	+31.9%	$833.75
Silver in 2007	+14.4%	$14.76
WTI crude oil in 2007	+57.7%	$95.95
Brent crude oil in 2007	+58.9%	$93.68
US 10-year Treasury yield in 2007	−0.67 pp	4.04%

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Russell 2000 in 2007: FAQ

How much did the Russell 2000 fall in 2007?

What were the highest and lowest closes of the Russell 2000 in 2007?

Highest: 855.77 on July 13, 2007. Lowest: 735.07 on November 26, 2007. It closed higher on 140 of 251 trading days.

What happened to the Russell 2000 on September 18, 2007?

Fed cuts its federal funds target by 50 basis points to 4.75%, its first cut since 2003. The Russell 2000 rose 4.0% that day, and was +6.1% a month later.

Did the Russell 2000 reach a record high in 2007?

Yes — 22 record closing highs, the last at 855.77 on July 13, 2007.

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.