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February 2014 Market Commentary
U.S. and overseas stock markets moved higher during February as the major central banks around the world remained committed to
accommodative monetary policy.
For the month, the S&P 500 Index and the Russell 2000 Index of smaller companies each advanced 5%. Healthcare, materials,
information technology and consumer discretionary were among the top performing sectors, while energy, telecom and financials lagged.
Across market capitalizations, mid-caps outperformed small- and large-cap companies. Meanwhile, growth stocks marginally
outperformed their value counterparts.