TACOMA, WA--(Marketwire - July 27, 2010) -
The financial services sector of the U.S. broad-market Russell 3000(R) Index outperformed six other sectors in one-day returns two of the three days since the U.S. government passed the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Sectors in the Russell One-day return 7/22/2010 One-day return for 7/23/2010 One-day return for 7/26/2010
3000 Index
Financial Services 3.1% 0.9% 1.7%
Producer Durables 3.1% 2.0% 1.7%
Consumer Discretionary 3.0% 1.6% 1.4%
Technology 2.7% 0.8% 0.8%
Materials & Processing 2.7% 2.2% 0.8%
Energy 2.3% 0.4% 1.1%
Utilities 1.9% 0.7% 1.2%
Consumer Staples 0.9% 0.9% 0.7%
The Russell Global Index includes more than 10,000 securities in 61 countries and covers 98% of the investable global market. All securities in the benchmark are classified according to size, region, country and sector. Daily Returns for the main components are available here: http://www.russell.com/indexes/data/daily_total_returns_global.asp
Notes:
Indexes are unmanaged and cannot by invested in directly. Returns represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment. Russell's publication of the Indexes or Index constituents in no way suggests or implies a representation or opinion by Russell as to the attractiveness of investing in a particular security. Inclusion of a security in an Index is not a promotion, sponsorship or endorsement of a security by Russell and Russell makes no representation, warranty or guarantee with respect to the performance of any security included in a Russell Index.
This is not an offer, solicitation, or recommendation to purchase any security or the services of any organization. Nothing contained in this material is intended to constitute legal, tax, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. The general information contained in this publication should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional.
Russell Investment Group is a Washington, USA corporation, which operates through subsidiaries worldwide, including Russell Investments, and is a subsidiary of The Northwestern Mutual Life Insurance Company.
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