Renewed demand for U.S. growth stocks has done more for shares of smaller companies than their larger peers. The ratio between the Russell 2000 growth and value indexes rose Friday to its highest level since February 2001, while a similar gauge that’s based on the S&P 500 Index failed to surpass an 18-year peak reached on Sept. 28. The Russell 2000 ratio climbed 7.9 percent from its most recent low, on Nov. 19, through Friday. During the same period, the S&P 500’s growth and value indicator only added 5.4 percent.
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