Large-cap U.S. equities encountered significant turbulence in the first quarter. The S&P 500 ended the quarter up 1%, while the Dow Jones Industrial Average was relatively flat.
Unlike their large-cap counterparts, mid- and small-cap equities enjoyed a strong quarter. The S&P MidCap 400 and the S&P SmallCap 600 ended the quarter up 5% and 4%, respectively.
Growth outperformed value, as the S&P 500 Growth gained 2%, while the S&P 500 Value declined 1%.
Following calming guidance from the Fed, fixed income indices increased across the board. The S&P U.S. Aggregate Bond Index gained 1% while the S&P/BGCantor 7-10 Year U.S. Treasury Bond Index gained 3% in the quarter.
For the full report:
