Third quarter 1999 returns for all Russell stock indexes are similar to third quarter 1998 returns negative, according to Frank Russell. The Russell Midcap Value index fared worst of all for the quarter at -10.64%, followed by the Russell 1000 Value index at -9.65%. Large-cap equity stocks tracked in the Russell 1000 index finished the quarter at -6.6%. Small-cap equity tracked in the Russell 2000 index returned -6.3% for the quarter. Value returns again failed to surpass growth index returns. While the Russell 1000 Growth index declined 3.7% during the third quarter, the Russell 1000 Value index dropped 9.8%. Third-quarter negative performance was led by weakness in the financial services sector. The sectors stocks in the broad-market Russell 3000 returned -14.3%, and those in the Russell 2000 returned -9.5% for the quarter.
Third quarter 1999 returns for all Russell stock indexes are similar...
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