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Russell 2000 in 1997

The Russell 2000 rose 20.5% in 1997, from 362.61 at the end of 1996 to 437.02. Its highest close was 465.21 on Oct 13 — a record that stood until March 11, 1998, and its lowest 335.85 on Apr 25. The biggest one-day fall was −6.1% on Oct 27 and the biggest rise +2.4% on May 2. Adjusted for inflation, it gained 18.5%.

Change in 1997
+20.5%
362.61 → 437.02
High
465.21
Oct 13
Low
335.85
Apr 25
After inflation
+18.5%
US CPI
Up days
155 of 253
longest run 11 up, 5 down
Record highs
60
closing records

Russell 2000, daily closes 1997

Numbers mark the events below
348401453previous recordJanFebMarAprMayJunJulAugSepOctNovDec1Jan 9: Russell 2000 sets the first of 60 record closing highs this year, at 365.59.2May 2: Biggest one-day rise of the year: +2.4%.3Jul 2: Thailand floats the baht, starting the Asian financial crisis.4Jul 11: Russell 2000 closes above 400 for the first time (402.26).5Oct 13: Last record close of the year: 465.21.6Oct 23: Hong Kong Monetary Authority raises overnight rates to defend the dollar peg as the Hang Seng slumps.7Oct 27: Dow falls 554.26 points (7.18%); NYSE circuit breakers halt and then end trading early.

Key Events in 1997

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

  1. 1
    Thursday, January 9 From the data
    Russell 2000 sets the first of 60 record closing highs this year, at 365.59.
  2. 2
    Friday, May 2 From the data
    Biggest one-day rise of the year: +2.4%.
  3. 3
    Wednesday, July 2
    Thailand floats the baht, starting the Asian financial crisis. Source
    Russell 2000: +0.1% that day · +5.2% a month later
  4. 4
    Friday, July 11 From the data
    Russell 2000 closes above 400 for the first time (402.26).
  5. 5
    Monday, October 13 From the data
    Last record close of the year: 465.21.
  6. 6
    Thursday, October 23
    Hong Kong Monetary Authority raises overnight rates to defend the dollar peg as the Hang Seng slumps. Source
    Russell 2000: −1.9% that day · −4.9% a month later
  7. 7
    Monday, October 27
    Dow falls 554.26 points (7.18%); NYSE circuit breakers halt and then end trading early. Source
    Russell 2000: −6.1% that day · −4.4% a month later

Biggest days of 1997

Best daysWorst days
May 2+2.4%Oct 27−6.1%
May 5+2.4%Nov 12−2.3%
Oct 28+2.3%Oct 23−1.9%
Nov 3+1.8%Dec 11−1.9%
Dec 30+1.7%Mar 31−1.8%

Volatility: 13.0% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan369.45+1.9%370.65358.96
Feb360.05−2.5%370.17360.05
Mar342.56−4.9%367.87342.56
Apr343.00+0.1%346.73335.85
May380.76+11.0%380.76345.66
Jun396.37+4.1%396.49382.67
Jul414.48+4.6%414.48394.13
Aug423.43+2.2%423.43408.58
Sep453.82+7.2%453.82428.05
Oct433.26−4.5%465.21420.13
Nov429.92−0.8%444.76423.39
Dec437.02+1.7%442.03420.03

Other Markets in 1997

Change over the calendar year.

MarketChangeYear-end
Russell 2000+20.5%437.02
Dow Jones Industrial Average in 1997+22.6%7,908.24
S&P 500 in 1997+31.0%970.43
Nasdaq Composite in 1997+21.6%1,570.35
Nikkei 225 in 1997−21.2%15,259.00
Gold in 1997−21.4%$290.20
Silver in 1997+25.4%$5.98
WTI crude oil in 1997−31.9%$17.65
Brent crude oil in 1997−33.6%$15.86
US 10-year Treasury yield in 1997−0.68 pp5.75%
1990199119921993199419951996199719981999

Russell 2000 in 1997: FAQ

How much did the Russell 2000 rise in 1997?

The Russell 2000 rose 20.5% in 1997, from 362.61 at the end of 1996 to 437.02. Its highest close was 465.21 on Oct 13 — a record that stood until March 11, 1998, and its lowest 335.85 on Apr 25. The biggest one-day fall was −6.1% on Oct 27 and the biggest rise +2.4% on May 2. Adjusted for inflation, it gained 18.5%.

What were the highest and lowest closes of the Russell 2000 in 1997?

Highest: 465.21 on October 13, 1997. Lowest: 335.85 on April 25, 1997. It closed higher on 155 of 253 trading days.

What happened to the Russell 2000 on October 27, 1997?

Dow falls 554.26 points (7.18%); NYSE circuit breakers halt and then end trading early. The Russell 2000 fell 6.1% that day, and was −4.4% a month later.

Did the Russell 2000 reach a record high in 1997?

Yes — 60 record closing highs, the last at 465.21 on October 13, 1997.

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.

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APA 7
Corgano. (2026, October 31). Russell 2000 in 1997. Corgano Gold Price. Retrieved October 31, 2026, from https://goldprice.corgano.com/market-history/russell-2000/1997
MLA 9
“Russell 2000 in 1997.” Corgano Gold Price, goldprice.corgano.com/market-history/russell-2000/1997. Accessed 31 Oct. 2026.
Chicago
Corgano. “Russell 2000 in 1997.” Corgano Gold Price. Accessed October 31, 2026. https://goldprice.corgano.com/market-history/russell-2000/1997.
BibTeX
@misc{corgano2026russell2000in1997, author = {{Corgano}}, title = {Russell 2000 in 1997}, howpublished = {\url{https://goldprice.corgano.com/market-history/russell-2000/1997}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}
Link
Russell 2000 in 1997 — Corgano Gold Price: https://goldprice.corgano.com/market-history/russell-2000/1997