Week ending June 16: Inflation concerns overshadow Fed chairman's comments.
Markets reacted favorably to comments by Federal Reserve Chairman Ben Bernanke on Wednesday staging a two-day rally. However, persistent concerns about inflation and interest rates dragged the Morningstar US Market Index down on Friday, ending the week of June 16 with a modest 0.2% loss.
Returns from the capitalization indexes suggest a move to larger, more stable stocks as the Morningstar Large Cap Index finished the week up a scant 0.05%, but still well ahead of its mid- and small-cap brethren. The Morningstar Growth Index also ended the week in positive territory, driven entirely by this week's best performing style index, the Morningstar Large Growth Index, up a healthy 0.7%.
Large-growth semiconductor stocks Intel
The Morningstar Small Growth Index stands out from the rest with a substantial 1.43% loss for the week casting it in deep red. Rambus