Week ending April 21: Upbeat markets, boosted by earnings reports, make good gains.
Markets were in an upbeat mood as investors cheered the release of the Federal Open Market Committee's April meeting notes, which indicated an easing in the committee's two-year-long rate raising regime. This news and a spate of positive earnings reports led the Morningstar US Market Index to gain 1.88% for the week ending April 21.
In a complete turnaround from last week, all nine Morningstar style indexes finished the week in the green. The Morningstar Small Core Index continued to be the leader of the pack, posting a gain of 3.1% for the week, while the Morningstar Large Growth Index pulled up the rear, posting a relatively modest 1.14% gain. The Small Core Index is up 12.2% so far this year.
Market maker and asset management firm Knight Capital Group
Investors looking for a rotation back to large growth stocks will have to keep waiting. The Large Growth Index was a mixed bag with four of the top 10 contributors losing ground, including familiar names like Dell