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January 2015 Market Commentary
U.S. stock indices declined throughout January while overseas performance was mixed. Volatility returned to markets as energy prices continued to fall while select nations continued to grapple with elevated debt levels and mixed economic readings.
For the month, the S&P 500 Index lost 3.0%, while the Russell 2000 Index of smaller companies finished 3.2% lower. Healthcare and utilities were the top performing sectors, while the industrials, energy, financials, and materials sectors lagged. Across market capitalizations, no clear trend in returns was apparent despite losses across all capitalizations. Growth stocks outperformed value securities except within the mid-cap space.