The Dow Jones Wilshire 5000 index returned -0.86% in July and was down 11.69% year-to-date July 31.
The DJ Wilshire 5000 briefly dipped into technical bear market territory on July 15, off -20.48 % from its October high, before ending the month with an impressive 4.48% comeback, Steven Foresti, managing director at Wilshire Associates, said in a release. We believe this shows that equity investors were encouraged by a $25 drop in oil prices in the second half of July, he said.
Small-capitalization stocks fared best during the month, while large-cap stocks dragged on the broader market. The DJ Wilshire Small Cap and DJ Wilshire Small Value indexes gained 1.14% and 2.90%, respectively. The DJ Wilshire Large Cap Growth index was down 2.54% for the month.