Stocks
As 2006 Ends Strong, Telecom Tops Market

(MONEY Magazine) – December wrapped up the best year for the stock market since 2003. Helped by a falling dollar, foreign stocks represented by EAFE returned 26.3% for the year. The Dow, which set yet another record in the last week of trading, posted a 19.1% gain. The telecom sector, up 31.3% in 2006, topped the S&P 500, thanks in part to AT&T's turnaround. Shares of the company, whose takeover of BellSouth was approved in December, rose 51.4% in 2006.

S&P 500 SECTOR AVERAGES

TOP-PERFORMING STOCKS

BENCHMARKS

S&P 500 RATIOS

P/E 18.2 DIVIDEND YIELD 1.80%

HIGHEST-YIELDING DOW STOCKS

MOST WIDELY HELD STOCKS

NOTES AND SOURCES: Unless otherwise noted, data as of Dec. 29 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. N.A.: Not applicable or not available. ¹Annualized. ²Price change only.

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.