Large-company stocks lead market's charge during third quarter.
Falling energy costs, diminishing concerns about interest rates and inflation, and optimism over corporate earnings helped rally the markets in the third quarter. The Morningstar US Market Index--which tracks the performance of the broad U.S. equity market--posted gains of 4.6% for the quarter. The resurgence of large-company stocks was the big story, as they have lagged mid- and small-caps during much of market rally since 2002.
In our quarterly review, Morningstar fund analyst John Coumarianos provides insight into the market's performance.
A recap of some of the key trends: