Week ending May 11: Market treads water amid weak retail sales.
Markets treaded water last week. The Morningstar US Market Index rose 0.09% for the week ending May 11, barely preserving its multiweek winning streak. Weak retail sales numbers caused concern for investors, but new data on producers' prices also indicated an unexpected drop in inflation, which raised hopes of interest rate cuts in the near future.
Morningstar's nine style indexes produced mixed results. It was a bad week for growth and small-cap stocks in general, with the Morningstar Small Growth Index faring the worst as it slid 0.62%. The Morningstar Mid Core Index took the top spot with a 0.69% gain, helping cement a healthy year-to-date lead for mid-cap stocks.
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