TABLE B–96.—Common stock prices and yields, 2000–2007 Common stock prices
1
Common stock yields (Standard & Poor's) (percent) 4
Year or month
New York Stock Exchange (NYSE) indexes (December 31, 2002=5,000) Composite Financial Energy ...... ...... ...... 5,273.90 6,952.36 9,377.84 11,206.94 13,339.99 4,900.65 4,802.42 4,855.44 4,916.44 5,190.65 5,522.45 5,276.08 5,368.25 5,453.23 5,552.99 5,474.84 5,973.31 6,323.29 6,337.87 6,455.53 6,638.65 6,572.79 6,780.86 6,971.57 6,866.75 7,270.08 7,593.71 7,773.26 7,843.99 7,841.24 8,646.71 9,077.38 8,793.74 8,513.39 9,122.87 9,607.53 10,034.26 10,672.51 9,915.63 9,998.62 10,310.18 10,965.30 10,741.43 10,702.23 11,467.85 11,380.52 10,690.86 11,360.86 11,610.65 10,807.75 11,020.11 11,657.36 12,078.39 11,381.56 11,658.11 11,503.16 12,441.16 13,031.00 13,639.81 14,318.49 13,250.28 14,300.99 14,976.30 14,622.23 14,956.77
2, 3
Health Care ...... ...... ...... 5,288.67 5,924.80 6,283.96 6,685.06 7,191.79 5,043.19 4,788.19 4,854.73 5,078.71 5,316.27 5,557.87 5,457.98 5,263.19 5,402.56 5,428.31 5,521.85 5,751.14 6,000.57 6,134.16 5,908.76 6,028.53 6,022.12 6,063.65 5,823.34 5,733.68 5,890.05 5,668.02 5,818.20 6,006.46 5,970.34 6,052.78 6,148.03 6,253.05 6,432.30 6,408.88 6,342.76 6,383.81 6,412.24 6,270.83 6,297.57 6,434.97 6,604.09 6,566.87 6,653.63 6,519.78 6,488.14 6,395.87 6,566.19 6,763.81 6,910.95 6,975.17 6,845.16 6,931.01 7,083.45 7,174.03 6,997.30 7,332.01 7,474.48 7,268.42 7,210.07 6,957.87 7,138.20 7,231.60 7,127.40 7,306.60
Standard Nasdaq & Poor's Dow Jones composite composite DividendEarningsindustrial index (Feb. index price ratio 5 price ratio 6 5, average 2 (19411971=100) 2 43=10) 2 10,734.90 10,189.13 9,226.43 8,993.59 10,317.39 10,547.67 11,408.67 13,169.98 8,474.59 7,916.18 7,977.73 8,332.09 8,623.41 9,098.07 9,154.39 9,284.78 9,492.54 9,682.46 9,762.20 10,124.66 10,540.05 10,601.50 10,323.73 10,418.40 10,083.81 10,364.90 10,152.09 10,032.80 10,204.67 10,001.60 10,411.76 10,673.38 10,539.51 10,723.82 10,682.09 10,283.19 10,377.18 10,486.68 10,545.38 10,554.27 10,532.54 10,324.31 10,695.25 10,827.79 10,872.48 10,971.19 11,144.45 11,234.68 11,333.88 10,997.97 11,032.53 11,257.35 11,533.60 11,963.12 12,185.15 12,377.62 12,512.89 12,631.48 12,268.53 12,754.80 13,407.76 13,480.21 13,677.89 13,239.71 13,557.69 13,901.28 13,200.58 13,406.99 1,427.22 1,194.18 993.94 965.23 1,130.65 1,207.23 1,310.46 1,477.19 895.84 837.62 846.62 890.03 935.96 988.00 992.54 989.53 1,019.44 1,038.73 1,049.90 1,080.64 1,132.52 1,143.36 1,123.98 1,133.08 1,102.78 1,132.76 1,105.85 1,088.94 1,117.66 1,118.07 1,168.94 1,199.21 1,181.41 1,199.63 1,194.90 1,164.42 1,178.28 1,202.26 1,222.24 1,224.27 1,225.91 1,191.96 1,237.37 1,262.07 1,278.72 1,276.65 1,293.74 1,302.18 1,290.00 1,253.12 1,260.24 1,287.15 1,317.81 1,363.38 1,388.63 1,416.42 1,424.16 1,444.79 1,406.95 1,463.65 1,511.14 1,514.49 1,520.70 1,454.62 1,497.12 1,539.66 1,463.39 1,479.23 3,783.67 2,035.00 1,539.73 1,647.17 1,986.53 2,099.32 2,263.41 2,578.47 1,389.56 1,313.26 1,348.50 1,409.83 1,524.18 1,631.75 1,716.85 1,724.82 1,856.22 1,907.89 1,939.25 1,956.98 2,098.00 2,048.36 1,979.48 2,021.32 1,930.09 2,000.98 1,912.42 1,821.54 1,884.73 1,938.25 2,062.87 2,149.53 2,071.87 2,065.74 2,030.43 1,957.49 2,005.22 2,074.02 2,145.14 2,157.85 2,144.61 2,087.09 2,202.84 2,246.09 2,289.99 2,273.67 2,300.26 2,338.68 2,245.28 2,137.41 2,086.21 2,117.77 2,221.94 2,330.17 2,408.70 2,431.91 2,453.19 2,479.86 2,401.49 2,499.57 2,562.14 2,595.40 2,655.08 2,539.50 2,634.47 2,780.42 2,662.80 2,661.55 1.15 1.32 1.61 1.77 1.72 1.83 1.87 1.86 1.80 1.95 1.93 1.83 1.75 1.66 1.71 1.78 1.73 1.71 1.69 1.67 1.62 1.63 1.68 1.68 1.74 1.70 1.77 1.81 1.78 1.79 1.74 1.72 1.77 1.76 1.79 1.86 1.86 1.83 1.82 1.82 1.84 1.90 1.85 1.84 1.83 1.86 1.85 1.85 1.90 1.96 1.94 1.92 1.87 1.83 1.80 1.79 1.81 1.82 1.89 1.84 1.81 1.81 1.80 1.92 1.88 1.84 1.95 1.93 3.63 2.95 2.92 3.84 4.89 5.36 5.78 ...... ...... ...... 3.57 ...... ...... 3.55 ...... ...... 3.87 ...... ...... 4.38 ...... ...... 4.62 ...... ...... 4.92 ...... ...... 5.18 ...... ...... 4.83 ...... ...... 5.11 ...... ...... 5.32 ...... ...... 5.42 ...... ...... 5.60 ...... ...... 5.61 ...... ...... 5.86 ...... ...... 5.88 ...... ...... 5.75 ...... ...... 5.85 ...... ...... 5.65 ...... ...... 5.15 ...... ...... ......
2000. 2001. 2002. 2003. 2004. 2005. 2006. 2007. 2003: Jan. Feb. Mar. Apr. May. June. July. Aug. Sept. Oct. Nov. Dec. 2004: Jan Feb. Mar. Apr. May. June. July. Aug. Sept. Oct. Nov. Dec. 2005: Jan. Feb. Mar. Apr. May. June. July. Aug. Sept. Oct. Nov. Dec. 2006: Jan. Feb. Mar. Apr. May. June. July. Aug. Sept. Oct. Nov. Dec. 2007: Jan. Feb. Mar. Apr. May. June. July. Aug. Sept. Oct. Nov. Dec.
1 2
6,805.89 6,397.85 5,578.89 5,447.46 6,612.62 7,349.00 8,357.99 9,648.82 5,055.78 4,738.56 4,724.19 4,977.45 5,269.96 5,583.42 5,567.94 5,580.87 5,748.42 5,894.39 5,989.42 6,239.14 6,569.76 6,661.38 6,574.75 6,600.77 6,371.44 6,548.06 6,443.45 6,352.83 6,551.90 6,608.98 6,933.75 7,134.42 7,056.85 7,241.89 7,275.51 7,077.97 7,094.02 7,238.96 7,389.23 7,482.93 7,584.49 7,373.23 7,585.75 7,787.22 8,007.35 8,044.86 8,174.34 8,351.28 8,353.45 7,985,59 8,103.97 8,294.89 8,383.29 8,651.02 8,856.30 9,089.55 9,132.04 9,345.98 9,120.57 9,555.98 9,822.99 9,896.98 9,985.42 9,440.44 9,777.59 10,159.33 9,741.15 9,807.36
...... ...... ...... 5,583.00 6,822.18 7,383.70 8,654.40 9,321.39 5,092.08 4,723.86 4,685.40 5,036.82 5,357.20 5,690.39 5,790.61 5,776.36 5,897.76 6,187.33 6,282.53 6,475.68 6,827.35 6,978.62 6,914.60 6,792.05 6,495.19 6,683.10 6,569.52 6,566.19 6,773.95 6,792.44 7,118.40 7,354.73 7,282.65 7,377.10 7,274.12 7,014.98 7,092.20 7,199.86 7,373.25 7,374.01 7,435.85 7,368.60 7,800.01 8,011.76 8,187.86 8,280.82 8,459.04 8,572.54 8,608.10 8,225.13 8,340.25 8,574.68 8,789.30 9,101.77 9,251.53 9,461.77 9,575.21 9,732.63 9,342.66 9,658.88 9,864.01 9,754.29 9,543.66 8,963.67 9,060.63 9,390.30 8,522.71 8,447.99
Averages of daily closing prices.
Includes stocks as follows: for NYSE, all stocks listed (in 2007, over 2,750); for Dow Jones industrial average, 30 stocks; for Standard & Poor's (S&P) composite index, 500 stocks; and for Nasdaq composite index, in 2007, about 3,100. 3 The NYSE relaunched the composite index on January 9, 2003, incorporating new definitions, methodology, and base value. Subset indexes on financial, energy, and health care were released by the NYSE on January 8, 2004. 4 Based on 500 stocks in the S&P composite index.
5
Aggregate cash dividends (based on latest known annual rate) divided by aggregate market value based on Wednesday closing prices. Monthly data are averages of weekly figures, annual data are averages of monthly figures. 6 Quarterly data are ratio of earnings (after taxes) for four quarters ending with particular quarter-to-price index for last day of that quarter. Annual data are averages of quarterly ratios. Sources: New York Stock Exchange, Dow Jones & Co., Inc., Standard & Poor's, and Nasdaq Stock Market.