US equity markets hit all-time high as Russell Recon nears

In its recent announcement on projected changes for the Russell US Indexes at this year’s Russell Reconstitution, FTSE Russell highlighted that total US equity market capitalization reached approximately $31.7 trillion at this year’s Russell Reconstitution May 10 rank day, up 3% from $30.7 trillion total market cap last year.

Relatively strong US large cap equity performance has helped this increase, with the Russell 1000® Index gaining 6.1% from last year’s rebalance through May 10 rank day relative to a 5.5% decline for the Russell 2000® Index for the same period.

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