Week ending March 3: Retail sales soften as energy concerns continue.
Partly blamed on cooler temperatures and a Northeast blizzard, February retail sales softened, ande continued concerns about the security of foreign energy supplies and deliveries drove utilities down by more than 1%. The bright spot came from hardware bellwether stocks Cisco Systems
A quick look at the Market Barometer tells the story for the week as growth stocks took command and value retreated. The Morningstar US Growth Index packed on a hefty 0.55% for the week, while the Morningstar US Value Index shaved off 0.44%. The aforementioned Cisco Systems moved up 6% after completing its $6.9 billion
acquisition of Scientific-Atlanta. Small-cap firm Valeant Pharmaceuticals
In the value camp, the U.S. automotive industry experienced another major setback, as auto parts supplier Dana
The best and worst performing style indexes for the week come from the bottom of the Morningstar style box. The Morningstar Small Growth Index led with a 0.91% gain and Small Value pulled up the rear with 0.71% loss.
For a more in-depth look into market performance, view the PDF report U.S. Market Overview.