A Strong U.S. Dollar Buoys Small-Cap Companies’ Stocks

Small-cap stocks are bouncing back. A strong U.S. dollar is boosting their run.

After suffering bruising losses earlier this year, shares of many small, domestic-focused companies are outshining the large-capitalization stocks that dominate the U.S. equity markets. In October, the S&P 600 small-cap index has risen 2.5%, beating the large-cap S&P 500’s 0.1% decline. For the year, the S&P 600 is on pace to outperform the S&P 500 for the first time since 2016.

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