Russell 2000 in 2023

The Russell 2000 rose 15.1% in 2023, from 1,761.25 at the end of 2022 to 2,027.07. Its highest close was 2,066.21 on Dec 27, and its lowest 1,636.94 on Oct 27. The biggest one-day fall was −3.0% on Feb 21 and the biggest rise +5.4% on Nov 14. Adjusted for inflation, it gained 11.4%.

Change in 2023

+15.1%

1,761.25 → 2,027.07

High

2,066.21

Dec 27

Low

1,636.94

Oct 27

After inflation

+11.4%

US CPI

Up days

131 of 250

longest run 6 up, 6 down

Below record

-17.0%

at the end of 2023

Russell 2000, daily closes 2023

Numbers mark the events below

Key Events in 2023

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

1
Tuesday, February 21 From the data

Biggest one-day fall of the year: −3.0%.
2
Friday, March 10

Silicon Valley Bank fails after a bank run and is placed under FDIC receivership. Source

Russell 2000: −3.0% that day · −3.0% a month later
3
Sunday, March 19

UBS agrees to take over Credit Suisse in a deal brokered by the Swiss government. Source

Russell 2000: +1.1% next trading day (Mar 20) · +4.0% a month later
4
Monday, May 1

First Republic Bank is closed by regulators and its assets sold to JPMorgan Chase. Source

Russell 2000: 0.0% that day · −0.1% a month later
5
Saturday, October 7

Hamas launches attacks on Israel, starting the Gaza war. Source

Russell 2000: +0.6% next trading day (Oct 9) · −0.4% a month later
6
Tuesday, November 14 From the data

Biggest one-day rise of the year: +5.4%.

Biggest days of 2023

Best days		Worst days
Nov 14	+5.4%	Feb 21	−3.0%
Jun 2	+3.6%	Mar 10	−3.0%
Dec 13	+3.5%	Mar 22	−2.8%
Dec 1	+3.0%	Mar 9	−2.8%
Dec 14	+2.7%	Mar 17	−2.6%

Volatility: 20.1% (annualised standard deviation of daily changes).

Month by month

Month	Close	Change	High	Low
Jan	1,931.94	+9.7%	1,931.94	1,750.73
Feb	1,896.99	−1.8%	2,001.22	1,888.21
Mar	1,802.48	−5.0%	1,928.26	1,720.29
Apr	1,768.99	−1.9%	1,802.84	1,730.41
May	1,749.65	−1.1%	1,795.38	1,718.81
Jun	1,888.73	+7.9%	1,896.33	1,767.94
Jul	2,003.18	+6.1%	2,003.18	1,842.23
Aug	1,899.68	−5.2%	1,994.17	1,846.28
Sep	1,785.10	−6.0%	1,920.83	1,761.61
Oct	1,662.28	−6.9%	1,775.95	1,636.94
Nov	1,809.02	+8.8%	1,809.02	1,669.70
Dec	2,027.07	+12.1%	2,066.21	1,852.05

Other Markets in 2023

Change over the calendar year.

Market	Change	Year-end
Russell 2000	+15.1%	2,027.07
Dow Jones Industrial Average in 2023	+13.7%	37,689.54
S&P 500 in 2023	+24.2%	4,769.83
Nasdaq Composite in 2023	+43.4%	15,011.35
Nikkei 225 in 2023	+28.2%	33,464.17
Gold in 2023	+13.4%	$2,071.80
Silver in 2023	0.0%	$23.85
WTI crude oil in 2023	−10.7%	$71.65
Brent crude oil in 2023	−10.3%	$77.04
US 10-year Treasury yield in 2023	−0.01 pp	3.87%

2020 2021 2022 2023 2024 2025 2026

Russell 2000 in 2023: FAQ

How much did the Russell 2000 rise in 2023?

What were the highest and lowest closes of the Russell 2000 in 2023?

Highest: 2,066.21 on December 27, 2023. Lowest: 1,636.94 on October 27, 2023. It closed higher on 131 of 250 trading days.

What happened to the Russell 2000 on March 10, 2023?

Silicon Valley Bank fails after a bank run and is placed under FDIC receivership. The Russell 2000 fell 3.0% that day, and was −3.0% a month later.

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.