The emergence of the Covid-19 Omicron variant has pummeled small-cap shares.
The Russell 2000 benchmark has dropped 7.4% since Thanksgiving, when the fast-spreading new variant made headlines. Final week, the index fell right into a correction, declining greater than 10% from its November document. The S&P 500 large-cap index, by comparability, has shed 3.5% for the reason that variant information.