The Russell 1000 Growth index outperformed the Russell 1000 value index for the second consecutive month in September, although value continues to outpace growth for the year as of Sept. 30. The growth index jumped 2.75% in September, driven by technology stocks, compared with 1.99% for the value index. However, year-to-date, the value index is up 13.2%, while the growth index has climbed 10.2%.
The broader Russell 3000 index rose 2.2% in September, while the Russell Top 200 growth index jumped 2.95%. The three Russell microcap indexes each posted gains of less than 1% for the month.