Stock Market Returns - 2007

Trading History

December 31, 2007:

1) Dow Jones Industrial Average closed at 13,264.82, an annual increase of 6.43% (vs. 16.29% jump in 2006; 6.3% down from all-time high October 2007);

2) S&P 500 index (companies with median market value of $12.8 billion) closed at 1468.36, an annual gain of 3.53%, up 10% excluding financial stocks (6.2% below record close on October 9, 2007; down 3.8% in fourth quarter, first for any fourth quarter in seven years; up 67% since 2002); first November/December decline since 1974.

3) Russell 2000 closed at 766.03 (down 2.8% in 2007, first loss in five years, underperformed S&P 500 for first time since 1998);

4) Nasdaq closed at 2652.28, up 9.81% for the year (down 7.2% from record high in October 2007);

5) Dow Jones Wilshire 5000 Index (companies with median market value of $589.6 million), broadest measure of U.S. shares, closed at 14,819.58 ($115 billion decrease in value of stocks);

6) Chicago Board Options Exchange Volatility Index (VIX), market's ``fear gauge'' (rises as stocks fall), closed at 22.50 (up 95% percent in 2007, biggest annual rise in its 18-year history).