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Morningstar Indexes: Weekly Market Report

Week ending May 5:  Oil prices drop, retail sales rise, and markets are a sea of green.

Morningstar Indexes, 05/09/2006

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 CSCO and Hewlett-Packard HPQ were among the top positive contributors to the Morningstar Large Growth Index, adding 3.63% and 4.31%, respectively. Wal-Mart Stores WMT advanced 4.93% on a 16% increase in total sales for April. And Tyco International TYC jumped 8.16% on strong quarterly earnings of $0.52 per share while reducing debt and pledging to spend $2 billion on share buy backs.

Among the negative contributors, Procter & Gamble PG dropped 4.26% after it announcing disappointing sales and lowered its earnings guidance for next quarter. UnitedHealth Group UNH lost 6.74% as the firm faces the prospects of a large tax bill relating to back dating option grants.

For a more in-depth look into market performance, view the PDF report U.S. Market Overview.

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