TABLE B–95.—Common stock prices and yields, 1969–2003 Common stock prices
1
New York Stock Exchange indexes Year or month Composite (Dec. 31, 2002=5,000 ) 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2002: Jan 578.01 483.39 573.33 637.52 607.11 463.54 483.55 575.85 567.66 567.81 616.68 720.15 782.62 728.84 979.52 977.33 1,142.97 1,438.02 1,709.79 1,585.14 1,903.36 1,939.47 2,181.72 2,421.51 2,638.96 2,687.02 3,078.56 3,787.20 4,827.35 5,818.26 6,546.81 6,805.89 6,397.85 5,578.89 5,447.93 6,151.15
2
December 31, 1965=50 Transportati on 46.96 32.14 44.35 50.17 37.74 31.89 31.10 39.57 41.09 43.50 47.34 60.61 72.61 60.41 89.36 85.63 104.11 119.87 140.39 134.12 175.28 158.62 173.99 201.09 242.49 247.29 269.41 327.33 414.60 468.69 491.60 413.60 443.59 431.10 436.51 446.13
Dow Jones industrial average 2 Finance 70.49 60.00 70.38 78.35 70.12 49.67 47.14 52.94 55.25 56.65 61.42 64.25 73.52 71.99 95.34 89.28 114.21 147.20 146.48 127.26 151.88 133.26 150.82 179.26 216.42 209.73 238.45 303.89 424.48 516.35 530.86 553.13 595.61 555.27 565.75 591.94 876.72 753.19 884.76 950.71 923.88 759.37 802.49 974.92 894.63 820.23 844.40 891.41 932.92 884.36 1,190.34 1,178.48 1,328.23 1,792.76 2,275.99 2,060.82 2,508.91 2,678.94 2,929.33 3,284.29 3,522.06 3,793.77 4,493.76 5,742.89 7,441.15 8,625.52 10,464.88 10,734.90 10,189.13 9,226.43 8,993.59 9,923.80
Industrial 57.44 48.03 57.92 65.73 63.08 48.08 50.52 60.44 57.86 58.23 64.76 78.70 85.44 78.18 107.45 108.01 123.79 155.85 195.31 180.95 216.23 225.78 258.14 284.62 299.99 315.25 367.34 453.98 574.52 681.57 774.78 810.63 748.26 657.37 633.18 723.56
Utility 3 85.60 74.47 79.05 76.95 75.38 59.58 63.00 73.94 81.84 78.44 76.41 74.69 77.81 79.49 93.99 92.89 113.49 142.72 148.59 143.53 174.87 181.20 185.32 198.91 228.90 209.06 220.30 249.77 283.82 378.12 473.73 477.65 377.30 260.85 237.77 322.49
Feb Mar Apr May June July Aug Sept Oct Nov Dec 2003: Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec
1 2 3 4 5
6,022.23 6,352.08 6,212.88 6,087.85 5,755.89 5,139.94 5,200.62 4,980.65 4,862.70 5,104.89 5,075.76 5,055.78 4,738.56 4,724.22 4,977.45 5,269.96 5,583.42 5,567.94 5,580.87 5,748.42 5,894.39 5,989.42 6,244.68
715.80 751.79 732.71 718.12 677.58 603.04 611.34 589.14 574.45 597.75 593.15 587.78 553.90 558.10 583.74 613.26 649.25 648.00 651.19 670.18 678.51 689.30 714.93
453.51 490.51 470.00 459.55 449.42 416.10 409.96 388.19 383.41 405.03 401.39 394.84 367.55 366.90 395.85 425.12 441.81 445.29 451.31 464.61 477.99 497.44 509.35
301.32 316.27 300.66 287.10 265.21 230.19 225.52 210.76 207.83 229.41 233.38 236.43 214.63 211.45 221.06 238.33 254.16 244.67 238.06 243.37 245.96 248.01 257.12
570.18 609.72 610.24 603.15 577.05 524.01 533.60 506.05 494.06 523.50 519.72 522.51 485.33 486.71 522.05 549.91 579.48 588.81 582.20 593.10 616.46 624.02 638.41
9,891.05 10,500.95 10,165.18 10,080.48 9,492.44 8,616.52 8,685.48 8,160.78 8,048.12 8,625.72 8,526.66 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
Averages of daily closing prices.
Includes stocks as follows: for NYSE, all stocks listed (nearly 3,000); for Dow Jones industrial average, 30 stocks; for S&P composite index, 500 stocks; and Based on 500 stocks in the S&P composite index.
Effective April 1993, the NYSE doubled the value of the utility index to facilitate trading of options and futures on the index. Annual indexes prior to 1993 refl
Aggregate cash dividends (based on latest known annual rate) divided by aggregate market value based on Wednesday closing prices. Monthly data are av figures; annual data are averages of monthly figures. 6 Quarterly data are ratio of earnings (after taxes) for 4 quarters ending with particular quarter to price index for last day of that quarter. Annual data are avera Note.—Data for NYSE composite index reflect the new composite index, released on January 9, 2003 by the NYSE, incorporating new methodology, definitio Sources: New York Stock Exchange (NYSE), Dow Jones & Co., Inc., Standard & Poor's (S&P), and Nasdaq Stock Market.
9–2003 Common stock yields (S&P) (percent) 4
1
Standard & Poor's composite index (194143=10) 2
Nasdaq composite Dividend- Earningsindex (Feb. price ratio price ratio 5 6 5, 1971= 2 100)
97.84 83.22 98.29 109.20 107.43 82.85 86.16 102.01 98.20 96.02 103.01 118.78 128.05 119.71 160.41 160.46 186.84 236.34 286.83 265.79 322.84 334.59 376.18 415.74 451.41 460.42 541.72 670.50 873.43 1,085.50 1,327.33 1,427.22 1,194.18 993.94 965.23 1,140.21
...... ...... 107.44 128.52 109.90 76.29 77.20 89.90 98.71 117.53 136.57 168.61 203.18 188.97 285.43 248.88 290.19 366.96 402.57 374.43 437.81 409.17 491.69 599.26 715.16 751.65 925.19 1,164.96 1,469.49 1,794.91 2,728.15 3,783.67 2,035.00 1,539.73 1,647.17 1,976.77
3.24 3.83 3.14 2.84 3.06 4.47 4.31 3.77 4.62 5.28 5.47 5.26 5.20 5.81 4.40 4.64 4.25 3.49 3.08 3.64 3.45 3.61 3.24 2.99 2.78 2.82 2.56 2.19 1.77 1.49 1.25 1.15 1.32 1.61 1.77 1.38
6.08 6.45 5.41 5.50 7.12 11.59 9.15 8.90 10.79 12.03 13.46 12.66 11.96 11.60 8.03 10.02 8.12 6.09 5.48 8.01 7.42 6.47 4.79 4.22 4.46 5.83 6.09 5.24 4.57 3.46 3.17 3.63 2.95 2.92 ...... ......
1,100.67 1,153.79 1,112.03 1,079.27 1,014.05 903.59 912.55 867.81 854.63 909.93 899.18 895.84 837.62 846.62 890.03 935.96 988.00 992.54 989.53 1,019.44 1,038.73 1,049.90 1,080.64
1,799.72 1,863.05 1,758.80 1,660.31 1,505.49 1,346.09 1,327.36 1,251.07 1,241.91 1,409.15 1,387.15 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
1.43 1.37 1.42 1.47 1.58 1.76 1.72 1.80 1.86 1.73 1.77 1.80 1.95 1.93 1.83 1.75 1.66 1.71 1.78 1.73 1.71 1.69 1.67
...... 2.15 ...... ...... 2.70 ...... ...... 3.68 ...... ...... 3.14 ...... ...... 3.57 ...... ...... 3.55 ...... ...... 3.88 ...... ...... ......
; for S&P composite index, 500 stocks; and for Nasdaq composite
he index. Annual indexes prior to 1993 reflect the doubling.
nesday closing prices. Monthly data are averages of weekly
day of that quarter. Annual data are averages of quarterly ratios. E, incorporating new methodology, definitions and base value. Market.