[Economic Report of the President (2001)]
[Administration of George W. Bush]
[Online through the Government Printing Office, www.gpo.gov]


 
Table B-95.--Common stock prices and yields, 1959-2000
--------------------------------------------------------------------------------------------------------------------------------------------------------
Common stock prices \1\                                     Common stock yields
----------------------------------------------------------------------------------------------  (S&P) (percent) \4\
New York Stock Exchange indexes  (Dec. 31, 1965=50) \\                Standard    Nasdaq  ---------------------
------------------------------------------------------------              & Poor's  composite
Year or month                                                                          Dow Jones  composite    index    Dividend-  Earnings-
industrial    index     (Feb. 5     price      price
Composite  Industrial  Transportation    Utility   Finance    average     (1941-     1971=    ratio \5\  ratio \6\
\3\                  \2\       43=10)    100) \2\
-----------------------------------------------------------------------------------------------------------------\2\------------------------------------
1959................................      30.73  ..........  ..............  ..........  .......      632.12      57.38  .........       3.23       5.78

1960................................      30.01  ..........  ..............  ..........  .......      618.04      55.85  .........       3.47       5.90
1961................................      35.37  ..........  ..............  ..........  .......      691.55      66.27  .........       2.98       4.62
1962................................      33.49  ..........  ..............  ..........  .......      639.76      62.38  .........       3.37       5.82
1963................................      37.51  ..........  ..............  ..........  .......      714.81      69.87  .........       3.17       5.50
1964................................      43.76  ..........  ..............  ..........  .......      834.05      81.37  .........       3.01       5.32
1965................................      47.39  ..........  ..............  ..........  .......      910.88      88.17  .........       3.00       5.59
1966................................      46.15      46.18         50.26         90.81     44.45      873.60      85.26  .........       3.40       6.63
1967................................      50.77      51.97         53.51         90.86     49.82      879.12      91.93  .........       3.20       5.73
1968................................      55.37      58.00         50.58         88.38     65.85      906.00      98.70  .........       3.07       5.67
1969................................      54.67      57.44         46.96         85.60     70.49      876.72      97.84  .........       3.24       6.08

1970................................      45.72      48.03         32.14         74.47     60.00      753.19      83.22  .........       3.83       6.45
1971................................      54.22      57.92         44.35         79.05     70.38      884.76      98.29     107.44       3.14       5.41
1972................................      60.29      65.73         50.17         76.95     78.35      950.71     109.20     128.52       2.84       5.50
1973................................      57.42      63.08         37.74         75.38     70.12      923.88     107.43     109.90       3.06       7.12
1974................................      43.84      48.08         31.89         59.58     49.67      759.37      82.85      76.29       4.47      11.59
1975................................      45.73      50.52         31.10         63.00     47.14      802.49      86.16      77.20       4.31       9.15
1976................................      54.46      60.44         39.57         73.94     52.94      974.92     102.01      89.90       3.77       8.90
1977................................      53.69      57.86         41.09         81.84     55.25      894.63      98.20      98.71       4.62      10.79
1978................................      53.70      58.23         43.50         78.44     56.65      820.23      96.02     117.53       5.28      12.03
1979................................      58.32      64.76         47.34         76.41     61.42      844.40     103.01     136.57       5.47      13.46

1980................................      68.10      78.70         60.61         74.69     64.25      891.41     118.78     168.61       5.26      12.66
1981................................      74.02      85.44         72.61         77.81     73.52      932.92     128.05     203.18       5.20      11.96
1982................................      68.93      78.18         60.41         79.49     71.99      884.36     119.71     188.97       5.81      11.60
1983................................      92.63     107.45         89.36         93.99     95.34    1,190.34     160.41     285.43       4.40       8.03
1984................................      92.46     108.01         85.63         92.89     89.28    1,178.48     160.46     248.88       4.64      10.02
1985................................     108.09     123.79        104.11        113.49    114.21    1,328.23     186.84     290.19       4.25       8.12
1986................................     136.00     155.85        119.87        142.72    147.20    1,792.76     236.34     366.96       3.49       6.09
1987................................     161.70     195.31        140.39        148.59    146.48    2,275.99     286.83     402.57       3.08       5.48
1988................................     149.91     180.95        134.12        143.53    127.26    2,060.82     265.79     374.43       3.64       8.01
1989................................     180.02     216.23        175.28        174.87    151.88    2,508.91     322.84     437.81       3.45       7.42

1990................................     183.46     225.78        158.62        181.20    133.26    2,678.94     334.59     409.17       3.61       6.47
1991................................     206.33     258.14        173.99        185.32    150.82    2,929.33     376.18     491.69       3.24       4.79
1992................................     229.01     284.62        201.09        198.91    179.26    3,284.29     415.74     599.26       2.99       4.22
1993................................     249.58     299.99        242.49        228.90    216.42    3,522.06     451.41     715.16       2.78       4.46
1994................................     254.12     315.25        247.29        209.06    209.73    3,793.77     460.42     751.65       2.82       5.83
1995................................     291.15     367.34        269.41        220.30    238.45    4,493.76     541.72     925.19       2.56       6.09
1996................................     358.17     453.98        327.33        249.77    303.89    5,742.89     670.50   1,164.96       2.19       5.24
1997................................     456.54     574.52        414.60        283.82    424.48    7,441.15     873.43   1,469.49       1.77       4.57
1998................................     550.26     681.57        468.69        378.12    516.35    8,625.52   1,085.50   1,794.91       1.49       3.46
1999................................     619.16     774.78        491.60        473.73    530.86   10,464.88   1,327.33   2,728.15       1.25       3.17

1999: Jan...........................     595.43     741.43        479.72        449.50    523.38    9,345.86   1,248.77   2,357.80       1.30  .........
Feb...........................     588.70     736.20        477.47        436.49    514.75    9,322.94   1,246.58   2,356.99       1.32  .........
Mar...........................     603.69     751.93        491.25        436.23    544.08    9,753.63   1,281.66   2,391.14       1.30       2.98
Apr...........................     627.75     780.84        523.08        456.96    564.99   10,443.50   1,334.76   2,537.89       1.24  .........
May...........................     635.62     791.72        537.88        470.40    562.66   10,853.87   1,332.07   2,512.60       1.24  .........
June..........................     629.53     783.96        520.66        482.71    546.43   10,704.02   1,322.55   2,520.96       1.25       2.99

July..........................     648.83     809.33        528.72        501.00    557.92   11,052.22   1,380.99   2,741.26       1.20  .........
Aug...........................     621.03     778.82        492.13        483.68    521.59   10,935.47   1,327.49   2,642.45       1.25  .........
Sept..........................     607.87     769.47        462.33        475.42    493.37   10,714.03   1,318.17   2,807.95       1.27       3.43
Oct...........................     599.04     753.94        450.13        478.19    490.92   10,396.88   1,300.01   2,815.28       1.28  .........
Nov...........................     634.22     791.41        474.78        502.59    539.20   10,809.80   1,391.00   3,230.55       1.21  .........
Dec...........................     638.17     808.28        461.04        511.64    510.99   11,246.36   1,428.68   3,739.88       1.18       3.28

2000: Jan...........................     634.07     814.73        456.36        485.82    495.23   11,281.26   1,425.59   4,013.49       1.18  .........
Feb...........................     606.03     775.46        398.69        482.30    471.65   10,541.93   1,388.87   4,410.87       1.21  .........
Mar...........................     622.28     790.35        384.39        509.59    489.90   10,483.39   1,442.21   4,802.99       1.18       3.40
Apr...........................     646.82     822.76        406.14        502.78    524.05   10,944.31   1,461.36   3,863.64       1.14  .........
May...........................     640.07     814.75        411.50        487.17    523.22   10,580.27   1,418.48   3,528.42       1.17  .........
June..........................     649.61     819.54        395.09        501.93    544.51   10,582.93   1,461.96   3,865.48       1.12       3.57

July..........................     653.27     825.28        410.67        484.19    556.32   10,662.95   1,473.00   4,017.69       1.10  .........
Aug...........................     666.14     837.23        419.84        459.91    597.17   11,014.51   1,485.46   3,909.60       1.09  .........
Sept..........................     667.05     829.99        404.23        464.66    616.89   10,967.87   1,468.05   3,875.82       1.10       3.74
Oct...........................     646.53     803.88        401.37        453.68    596.53   10,440.96   1,390.14   3,333.82       1.15  .........
Nov...........................     646.64     800.88        434.92        455.66    600.45   10,666.06   1,375.04   3,055.42       1.16  .........
--------------------------------------------------------------------------------------------------------------------------------------------------------
\1\ Averages of daily closing prices, except NYSE data through May 1964 are averages of weekly closing prices.
\2\ Includes stocks as follows: for NYSE, all stocks listed (more than 3,500); for Dow Jones industrial average, 30 stocks; for S&P composite index, 500
stocks; and for Nasdaq composite index, over 5,000.
\3\ 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 reflect the doubling.
\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 4 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 (NYSE), Dow Jones & Co., Inc., Standard & Poor's (S&P), and the National Association of Securities Dealers, Inc.