Value stocks outperform growth equities heading toward closing bell Friday

Value stocks were beating growth equities as the U.S. market headed toward the closing bell Friday. The Russell 1000 Value index was up 1.1% in late afternoon trading, while the Russell 1000 Growth index was rising 0.6%, according to FactSet data, at last check. The U.S. stock market has been volatile Friday, swinging between gains and losses, with all three major benchmarks on track to finish higher in the final stretch of the trading session. For the week, the Dow Jones Industrial Average , S&P 500 and Nasdaq Composite were all heading for declines amid fears over the Federal Reserve’s aggressive interest rate hikes as it battles high inflation. The Russell 1000 Value index is down 1.5% so far this week, outperforming the Russell 1000 Growth index’s roughly 6% drop, FactSet data show, at last check.

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