[Economic Indicators November, 2003]
[Page Number 31]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
COMMON STOCK PRICES AND YIELDS

Stock prices rose in November.
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                                                                                                   Common stock prices \1\                                                 Common stock yields
                                                     -------------------------------------------------------------------------------------------------------------------      (percent) \8\
                                                                      New York Stock Exchange indexes \2\                                                     Nasdaq    ------------------------
                       Period                        ---------------------------------------------------------------------  Dow Jones      Standard &       composite
                                                      Composite (Dec.                 December 31, 1965=50                  industrial  Poor's composite   index (Feb.    Dividend-    Earnings-
                                                      31, 2002=5,000) ---------------------------------------------------- average \5\    index (1941-     5, 1971=100)  price ratio     price
                                                            \3\        Industrial  Transportation  Utility \4\   Finance                   43=10) \6\          \7\                       ratio
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1993................................................      2,638.96         299.99        242.49        228.90      216.42     3,522.06          451.41          715.16          2.78        4.46
1994................................................      2,687.02         315.25        247.29        209.06      209.73     3,793.77          460.42          751.65          2.82        5.83
1995................................................      3,078.56         367.34        269.41        220.30      238.45     4,493.76          541.72          925.19          2.56        6.09
1996................................................      3,787.20         453.98        327.33        249.77      303.89     5,742.89          670.50        1,164.96          2.19        5.24
1997................................................      4,827.35         574.52        414.60        283.82      424.48     7,441.15          873.43        1,469.49          1.77        4.57
1998................................................      5,818.26         681.57        468.69        378.12      516.35     8,625.52        1,085.50        1,794.91          1.49        3.46
1999................................................      6,546.81         774.78        491.60        473.73      530.86    10,464.88        1,327.33        2,728.15          1.25        3.17
2000................................................      6,805.89         810.63        413.60        477.65      553.13    10,734.90        1,427.22        3,783.67          1.15        3.63
2001................................................      6,397.85         748.26        443.59        377.30      595.61    10,189.13        1,194.18        2,035.00          1.32        2.95
2002................................................      5,578.89         657.37        431.10        260.85      555.27     9,226.43          993.94        1,539.73          1.61        2.92
 
2002:Nov............................................      5,104.89         597.75        405.03        229.41      523.50     8,625.72          909.93        1,409.15          1.73  ..........
      Dec...........................................      5,075.76         593.15        401.39        233.38      519.72     8,526.66          899.18        1,387.15          1.77        3.14
 
2003:Jan............................................      5,055.78         587.78        394.84        236.43      522.51     8,474.59          895.84        1,389.56          1.80  ..........
      Feb...........................................      4,738.56         553.90        367.55        214.63      485.33     7,916.18          837.62        1,313.26          1.95  ..........
      Mar...........................................      4,724.22         558.10        366.90        211.45      486.71     7,977.73          846.62        1,348.50          1.93        3.57
      Apr...........................................      4,977.45         583.74        395.85        221.06      522.05     8,332.09          890.03        1,409.83          1.83  ..........
      May...........................................      5,269.96         613.26        425.12        238.33      549.91     8,623.41          935.96        1,524.18          1.75  ..........
      June..........................................      5,583.42         649.25        441.81        254.16      579.48     9,098.07          988.00        1,631.75          1.66        3.55
      July..........................................      5,567.94         648.00        445.29        244.67      588.81     9,154.39          992.54        1,716.85          1.71  ..........
      Aug...........................................      5,580.87         651.19        451.31        238.06      582.20     9,284.78          989.53        1,724.82          1.78  ..........
      Sept..........................................      5,748.42         670.18        464.61        243.37      593.10     9,492.54        1,019.44        1,856.22          1.73        3.88
      Oct...........................................      5,894.39         678.51        477.99        245.96      616.46     9,682.46        1,038.73        1,907.89          1.71  ..........
      Nov...........................................      5,989.42         689.30        497.44        248.01      624.02     9,762.20        1,049.90        1,939.25          1.69  ..........
 
Week ended:
2003:Nov  8.........................................      5,982,58         688.23        500.87        249.16      629.71     9,836.98        1,055.07        1,966.43          1.69  ..........
           15.......................................      5,991.67         689.35        501.72        248.27      625.97     9,789.95        1,052.20        1,948.62          1.68  ..........
           22.......................................      5,947.33         684.94        490.49        245.33      615.28     9,654.68        1,037.83        1,893.36          1.71  ..........
           29.......................................      6,047.77         696.00        496.47        249.60      625.41     9,768.44        1,055.66        1,950.94          1.69  ..........
      Dec  6........................................      6,141.31         703.89        500.42        252.54      632.59     9,883.92        1,066.54        1,967.35          1.68  ..........
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    \1\ Average of daily closing 
prices.
    \2\ Includes all the stocks 
(nearly 3,000) listed on the NYSE.
    \3\ Effective January 9, 2003, 
the NYSE relaunched the composite 
index with changes in methodology, 
definitions, and based on Dec. 31, 
2002=5,000.
    \4\ Dec. 31, 1965=100. Effective 
April 27, 1993 the NYSE doubled the 
value of the utility index to 
facilitate trading of options and 
futures on the index.
    \5\ Includes 30 stocks.
    \6\ Includes 500 stocks.
    \7\ Includes over 4,000 stocks.
    \8\ Standard & Poor's series. 
Dividend-price ratios based on 
Wednesday closing prices. Earnings-
price ratios based on prices at end 
of quarter.


    Sources: New York Stock 
Exchange, Dow Jones & Company, Inc., 
Standard & Poor's, and Nasdaq Stock 
             Market.