SEATTLE, WA — (Marketwire) — 05/09/12 —
The U.S. Large Cap Russell 1000® Index returned (+9.5%) year-to-date as of May 8th, as the Financial Services (+15.7%) and Technology (+14.8%) sectors outperformed all other sectors. Alternatively, the Energy sector performed worst within the index, with a (-1.8%) return YTD and a (-4.5%) return thus far in May as of May 8th.
The U.S. Small Cap Russell 2000® Index returned (+7.5%) year-to-date as of May 8th, driven by strong performances in the Consumer Discretionary (+11.2%) and Financial Services (+11.0%) sectors. The Energy sector also performed worst within the index, with a (-3.0%) return YTD and a (-7.4%) return thus far in May as of May 8th.
Both Indexes reflect losses for May as all sectors had negative returns through May 8, 2012.
According to Tom Goodwin, senior research director for Russell Indexes, “Despite recent global market volatility, U.S. Large caps, especially technology and financials, have benefited from strong corporate earnings and a growing economy, albeit slow growing, thus far in 2012.”
The Russell Global Index includes more than 10,000 securities in 48 countries and covers 98% of the investable global market. All securities in the index are classified according to size, region, country and sector. Daily Returns for the main components are available here:
Opinions expressed by Mr. Goodwin reflect market performance and observations as of May 8, 2012 and are subject to change at anytime based on market or other conditions without notice. Please remember that past performance does not guarantee future performance.
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