Equity markets showed signs of stability today after several days of selling that started on January 23. Hard-hit emerging market currencies rebounded. News about the improving economy and an earnings surprise by FaceBook set the tone for the positive market action.
The chart shows that the benchmark Fidelity Spartan U.S. Equity Index Fund (FUSEX) was able to hold its 100-day moving average, which has provided support for more than a year:
The table below shows the highest-ranked Fidelity mutual funds based on their three-month return. The U.S. stock market continues to lead in 2014, since no international fund made it to the top 10 list so far in 2014. The nine out of the ten highest-ranked funds represent subsectors of the health care and the technology industries: