Weekly Market Summary

The week ending April 19, 2024.

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

Equity Style Box: The equity markets have recently faced a week of widespread declines, with negative returns across all major style boxes. The U.S. Large Cap sector showed a significant disparity in performance, with Large Growth stocks taking the hardest hit, down by 5.40% due mostly to Technology stocks. Large Cap Value stocks fared better but still ended the week lower by 0.10%. Mid and Small Cap stocks followed a similar downward trend. Mid Cap stocks registered losses with Core and Growth categories down by 2.20% and 3.00%, respectively, while Mid Value saw a smaller decrease of 1.30%. In the Small Cap arena, the Core, Value, and Growth segments experienced declines of 1.20%, 0.60%, and 2.10%, in that order.

Domestic Sectors: U.S. Technology faced the heaviest losses, declining by 6.30%. This was closely followed by declines in U.S. Consumer Discretionary and U.S. REITs, which fell by 4.20% and 3.30% respectively. On the other hand, U.S. Consumer Staples and U.S. Utilities sectors fared much better, rising by 1.40% and 1.90% respectively. U.S. Financials also managed to post a gain of 0.80%.

Bonds: The bond market was negative, with US Core Total Return Bonds, Bloomberg Barclays High Yield Bonds, and International Bonds all reporting losses, each dropping by around 0.60%.

International Stocks: International stocks were down as the MSCI Europe NR USD and MSCI EM Latin America USD indices fell by 0.60% and 2.10%, respectively, and the MSCI Pacific NR USD dropped by a 3.10%.

Alternative Assets: Alternative assets saw a split in performance as Gold and Silver rose by 1.90% and 2.20% respectively. The US Dollar experienced a slight uptick, increasing by 0.20%, while Broad Commodities recorded a decline of 1.00% led by energy commodities.