The S&P 500, Dow and Nasdaq Since 2000 Highs as of December 2025

When adjusted for inflation, the real month-over-month changes for each index become 0.4% for the S&P 500, 1.2% for the Dow 30, and -0.1% for the Nasdaq. The charts require little explanation. The first 15 years of the 21st century was not kind to equity investors. However, the market has bounced back over the last 10 years with each index growing 138% (S&P 500), 118% (Dow), and 144% (Nasdaq) in real terms. The indexes differ in several key ways such as weighting methods, coverage, and criteria for includin ...