Weekly Market Summary

The week ending May 10, 2024.

Please see the summary of last week's investment market activity below (grouped by index type):

Equity Style Box: Large Cap Value stocks outperformed their Core and Growth counterparts, posting a 2.20% return compared to 1.90% and 1.60%, respectively. Mid Cap stocks showed robust growth, particularly in the Growth category, which led with a 2.30% return. Small Caps, however, lagged slightly behind, with returns hovering around 1.70% to 1.80%.

Domestic Sectors: Utilities surged ahead for a second straight week with a notable 4.20% return, overshadowing all other sectors. Financials also demonstrated strong performance with a 3.20% gain, followed closely by Materials and Telecommunications, each posting returns above 2.50%. The Consumer Discretionary sector struggled, managing only a minimal gain of 0.10%.

Bonds: Bonds showed less movement, with the U.S. Core Treasury Bond eking out a modest 0.10% return, while High Yield Bonds dipped by 0.30%. International Bonds remained flat with no change.

International Stocks: European stocks performed well, gaining 3.10%, but Pacific stocks faced challenges, declining by 0.70%. Latin American stocks had modest growth, achieving a 0.60% return.

Alternative Assets: Gold shone brightly with a strong performance of 2.70%, Silver gained 6.00%. The U.S. Dollar and broad commodities experienced smaller gains of 0.30% and 0.60%, respectively.