The major stock indexes oscillated for much of the day but ended in the black. The Nasdaq had the smallest gain, capped by a drop in Amazon.com shares.
Investors are starving for income and they can't get that in the bond market so they're looking to equities.
Small-cap companies are expected to post a year-over-year earnings declines of approximately 90% as companies report their second-quarter results over the next several weeks.
The company forecast adjusted earnings of at least $3.25 per share for the year after suspending its outlook in April due to uncertainties over the outbreak.
Peer Quest Diagnostics Inc said earlier this week its second-quarter revenue would top analysts' estimates, largely due to growing demand for its COVID-19 tests.
Russell bases the placement in the indexes on a number of factors, including market capitalization, voting rights requirements and country of domicile.
The meeting will follow a surprise gain in the Labor Department’s closely watched jobs report on Friday that pushed benchmark 10-year Treasury yields to the highest since early March.