A Good Spring for Unloved Stocks
While the stock market has barely budged this year—the Standard & Poor’s 500-stock index has gained 1.6 percent—since March its complexion has changed. Last year’s stars are fading and former laggards are taking the lead, leaving professional money managers scratching their heads.
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While the stock market has barely budged this year—the Standard & Poor’s 500-stock index has gained 1.6 percent—since March its complexion has changed. Last year’s stars are fading and former laggards are taking the lead, leaving professional money managers scratching their heads.
Indexes
Three stodgy groups performed strongly from March 1 through May 9, while Internet stocks plunged.