- U.S. stocks rallied throughout the week, despite significant declines from several notable tech platform companies.
- Value shares outpaced growth names while small-caps led large-caps.
- Within the S&P 500 Index, industrial and financial stocks handily outperformed more growth-oriented names for the week. Disappointing earnings from key constituents translated to a negative return for the communication services sector and a near-flat return from the consumer discretionary sector.
- The Cboe VIX, which is commonly used to associate index volatility and fear levels, fell below its 50-day moving average for only the fourth time since February.
- Year-to-date, value shares remain ahead of growth stocks by a wide margin. Small caps have generally lagged large caps but have made up some lost ground recently as mega cap names have stumbled.
