Week ending March 9: Stocks make up ground after major slide.
After experiencing a major slide the week before, markets made up some ground last week. The Morningstar US Market Index rose 1.15% for the week ending March 9. Positive economic news in the form of a falling unemployment rate and a resilient U.S. dollar encouraged investors to return to equities.
All nine Morningstar style indexes finished in positive territory. Growth indexes did much better than their value and core peers, led by the Morningstar Mid Growth Index's 1.7% appreciation. The Morningstar Large Core Index finished last with a 0.7% gain.
MEMC Electronic Materials
Poor retail sales numbers for February dragged retail stocks down. Gap