Frank Russell Co.'s domestic stock indexes reached record highs during the first quarter of 1996, with large-cap stocks outperforming small-cap issues.
The Russell 1000, the large-cap index, returned 5.51% for the quarter ended March 31; the small-cap Russell 2000, 5.14%; and the Russell 3000, which measures the broad market, 5.47%.
Growth and value stocks performed equally well during the quarter, with growth leading in January and February and value stocks gaining later, according to Russell.
