Week ending May 5: Oil prices drop, retail sales rise, and markets are a sea of green.
A drop in oil prices and strong growth in retail sales for April propelled the Morningstar US Market Index higher by 1.33% for the week ending May 5.
The Morningstar Market Barometer was a sea of green, as stocks of all hues posted robust gains for the week. The Morningstar Small Core Index was the best performer of the nine Morningstar style indexes, posting a gain of 2.61% for the week. The index is up 18.56% for the year. The Morningstar Small Cap Index, which was a close second with a gain of 2.15% for the week and has clocked in returns of 15.92% for the year.
Tech bellwethers Cisco Systems
Among the negative contributors, Procter & Gamble