Despite Inflation Worries, Stocks Gain
(MONEY Magazine) – Following a jump in both oil prices and home sales, the stock market got skittish in late March as the Fed hiked rates for the 15th consecutive time. But overall, returns were still strong. Only the energy sector and the inflation-sensitive utilities sector lost money. The Dow rose 2%, thanks in part to top performer General Motors. Though the company's stock is down 17% over the past year, shares rose 6.9% in March on word that demand for its new SUVs is up.
S&P 500 SECTOR AVERAGES
S&P 500 RATIOS
P/E 18.3 DIVIDEND YIELD 1.84%
HIGHEST-YIELDING DOW STOCKS
MOST WIDELY HELD STOCKS
NOTES AND SOURCES: Unless otherwise noted, data as of March 23 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 limited to companies with market capitalization of at least $500 million. Most Widely Held Stocks ranked by largest accounts at Merrill Lynch.  Annualized.  Price change only.