Economic Overview, Spring 2011

The US stock market was strong in the first quarter (Q1), returning 5.9% as measured by the Standard & Poor’s 500 Index. The Dow Jones Industrials did even better, earning 6.1%. Non-US stocks lagged, as the EAFE Index of developed countries gained 3.5% and emerging nations rose 2.2%. Bonds had very modest results due to rising interest rates. The Barclays Aggregate Bond Index returned 0.4%.