The smallest stocks are rallying almost twice as fast as bigger companies in the United States.
Shares of companies from Rite Aid Corp. to Teledyne Technologies Inc. in the Russell 2000 Index have advanced 32 percent in 2013, compared with 19 percent for the Dow Jones Industrial Average. The spread is the widest for any year since 2003, according to data compiled by Bloomberg. Three of the last four times small-caps outperformed by this much, the economy grew faster the next year and stocks stayed in a bull market for another year or more, based on data from the past 34 years. Smaller firms are surpassing analyst earnings estimates by more than Dow companies and are forecast to grow faster next year.Olympian news services