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The U.S. stock market, 1955–2011

*Standard and Poor's 500 stock price index adjusted for inflation using CPI-U-RS and indexed to 1960=100.

Note: Shaded areas denote recessions.

Source: Authors' analysis of the Economic Report of the President (Council of Economic Advisers 2012)

Updated August 24, 2012

Documentation and methodology

Data on the Standard & Poor’s composite index of the 500 largest U.S. firms (the S&P 500) are from the Economic Report of the President (Council of Economic Advisers 2012), tables B-95, “Historical Stock Prices and Yields, 1949–2003,” and B-96, “Common Stock Prices and Yields, 2000–2011,” deflated by the CPI-U-RS in 2011 dollars and indexed to 1960=100.

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