Week ending Sept.15: Another week of falling energy prices as OPEC keeps up production.
OPEC's commitment to continue oil production at current levels brought another week of steep declines in energy prices. Recent inflation figures suggest that the economy is cooling down, setting the stage for the Federal Open Market Committee to leave rates unchanged at Wednesday's meeting. The Morningstar US Market Index added 1.7% for the week ending Sept. 15.
All nine Morningstar style indexes finished the week in the positive, turning the Morningstar Market Barometer into a sea of green. In a repeat of two weeks ago, the Morningstar Small Growth Index claimed the top spot by adding 3.1%, and the Morningstar Large Value Index claimed the bottom spot with a slight gain of 0.2%.
The Morningstar Large Value Index was a tale of two sectors. Financial services giants J.P. Morgan Chase & Co.
For a more in-depth look into market performance, view the PDF report U.S. Market Overview.