Russell 2000 index hits record high, up 1.25%: U.S. stock market surges as small caps lead the broad rally - Dow also rises on stronger GDP

U.S. stocks surged as small caps took the lead. The Russell 2000 jumped 1.25% to 2,731.77, hitting a fresh record high. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite also advanced. Dow climbed 435.64 points, or 0.89%, to 49,512.87. The S&P 500 advanced 0.70% to 6,924.01, while the Nasdaq Composite gained 1.03%, finishing at 23,463.04.