The S&P 500, Dow and Nasdaq Since Their 2000 Highs

This update is a response to a standing request from a couple of sources that we also share with regular visitors to our Advisor Perspectives pages. It includes the latest monthly close data.

The request is for real (inflation-adjusted) charts of the S&P 500, Dow 30, and Nasdaq Composite. Here two overlays — one with the nominal price, excluding dividends, and the other with the price adjusted for inflation based on the Consumer Price Index for Urban Consumers (which is usually just refer to as the CPI).

Nominal Gains

Real Gains

The charts require little explanation. So far the 21st Century has not been especially kind to equity investors. Yes, markets do bounce back, but often in time frames that defy optimistic expectations.