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Article: Small-cap stocks in rally mode.(News)
- Article from:
- Investment News
- Article date:
- July 21, 2003
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Copyright informationCOPYRIGHT 2003 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Frederick P. Gabriel Jr.
Small may be beautiful in the current stock market rally.
The average small-cap fund tracked by Lipper Inc. climbed 2.44% in the one-week period through July 10, well above the 0.63% return posted by the average large-cap fund.
The feat marked the first time since Nov. 27, 2002, that small-caps outperformed large-caps by more than 1.8 percentage points.
It also marked the 10th time in 14 weeks that small-caps funds emerged victorious over their large-cap brethren. (Large-caps enjoyed a slight edge over the one-week period ended last Thursday, declining 0.70% compared with a 1.85% drop for small caps.)
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