Wednesday, May 10, 2017 » April 2017 Monthly Market Commentary Market Commentary, Commentary U.S. Economy and Markets Domestic equity markets were positive in April, as the Wilshire 5000 Total Market IndexSM returned 1.05% and the S&P 500 Index returned 1.03%. Market volatility, measured by the CBOE Volatility Index (VIX), ended the month at 10.82, a decrease from its March close of 12.37. Performance across GICS sectors was mixed for the month, with the Consumer Discretionary and Information Technology sectors leading the group, returning 2.59% and 2.48%, respectively. On the other hand, the Energy sector was the worst performing sector in April, falling -3.36%. Large cap stocks outperformed their small cap counterparts this month, with the Wilshire U.S. Large Cap IndexSM and the Wilshire U.S. Small Cap IndexSM returning 1.06% and 0.98%, respectively. U.S. manufacturing activity, as measured by the Institute for Supply Management’s PMI, registered 54.8% in April, down from the March reading of 57.2%. Generally, a reading above 50% indicates expansion.