Example: tourism industry
AMS: FOURTH QUARTER 2021 COMMENTARY - First Command
with the S&P Composite 1500 Index (which covers approximately 90% of the U.S. market capitalization of publicly traded companies) gaining 10.71%. During this period, U.S. large-cap stocks maintained leadership, outperforming their mid- and small-cap counterparts, as well as foreign stocks (in both developed and emerging countries) on average.
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