A Fall Rally Puts 2006 Back in the Black
(MONEY Magazine) – The market rallied in early November, pushing major stock indexes into positive territory for the year. Strong earnings reports buoyed tech stocks, driving the Nasdaq--up 7.4%--to its highest point since June 2001. All S&P sectors saw gains for the month, led by materials companies. Though a healthy third-quarter GDP report helped the stocks jump 11.3%, the sector has suffered in the past year on concerns that a deflating housing bubble will lead to a construction slowdown.
S&P 500 SECTOR AVERAGES
S&P 500 RATIOS
P/E 19.4 DIVIDEND YIELD 1.85%
HIGHEST-YIELDING DOW STOCKS
MOST WIDELY HELD STOCKS
NOTES AND SOURCES: Unless otherwise noted, data as of Nov. 17 from Lipper, New York; 877-955-4773. Index levels from Bloomberg. Bond index data from Lehman Brothers. Stock data from Thomson/Baseline. Monthly S&P 500 ratios from Standard & Poor's. Ratios are based on previous four quarters of earnings. Top-Performing Stocks are limited to companies with market capitalization of at least $500 million. Most Widely Held Stocks are ranked by largest accounts at Merrill Lynch.  Annualized.  Price change only.