Stock prices in the U.S. have increased since the beginning of the year, as measured by three broad indexes: The S&P 500 has risen 9.8%, the Dow Jones 7.5%, and the Wilshire 5000 11.0%. All three fell during the first part of the year, bottomed out in March, and have increased at least 20% since then. Qualitatively speaking, foreign stocks’ price movements have mirrored those of the U.S. The Toronto Stock Exchange, the Hang Seng, and the NIKKEI indexes fell during the first part of the year; by late April, they all had reversed their downward trend.
Suggested citation: "International Markets," Federal Reserve Bank of Cleveland, Economic Trends, no. 03-07, pp. 08-09, 07.01.2003.