Week ending June 1: Markets more than repair damage done by earlier slide.
Markets resumed their climb with renewed vigor last week. The Morningstar US Market Index rose 1.68% for the week ending June 1, more than repairing the brief slide of the week before. The latest economic reports showed surprisingly strong job creation and growth in labor income, suggesting that the U.S. economy is set to bounce back from a weak first quarter. Merger and acquisition deals and positive earnings news also continued to boost investor confidence.
Generally, small-cap and growth stocks performed sharply better. The Morningstar Small Core Index finished on top with a 3.3% gain. The Morningstar Large Value Index's 0.73% advance was the worst showing among all our style indexes.
Washington Group International
Technology hardware giant Dell