Week ending May 4: Market earns gains for fifth straight week.
The Morningstar US Market Index rose 0.78% for the week ending May 4, its fifth straight week of gains. Investors were encouraged by a steady flow of positive earnings surprises and acquisition activity. Moreover, the latest U.S. employment numbers show a moderating pace of job creation and wage growth, which should help keep inflation and interest rates low.
All nine Morningstar style indexes finished in positive territory. As they have in recent weeks, large-cap stocks again held sway, with the Morningstar Large Value Index and the Morningstar Large Core Index claiming the top honors. The Morningstar Large Value Index gained 1.12%, while its large core peer rose 1% for the week.
Telecom giants Verizon Communications VZ and AT&T
Dow Jones & Co.