U.S. equity markets were up again this week thanks to positive earnings news from early reporters. Bond prices slipped again this week as investors rotated from bonds to stocks. Commodities rallied strongly this week on strength in energy due to tighter-than-expected supply numbers.
The Morningstar US Market Index rose nearly 1.5% this week. The Morningstar Large Growth Index was this week's relative winner, with a positive increase near 2%. Decent stock returns from a diverse set of firms such as Microsoft (MSFT), Schlumberger (SLB), and Abbott Laboratories (ABT) helped lift the index. The Morningstar Small Value Index ended the week nearly flat as strong returns from AK Steel (AKS), Temple-Inland (TIN), and Polaris Industries (PII) were offset by stock price declines in Domino's Pizza (DPZ), Vishay Intertechnology (VSH), and Fairchild Semiconductor (FCS). The Morningstar Global Ex US Index was up over 2% this week thanks to strong equity market performance from emerging markets.
Rod Bare does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.