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Week Ended April 16, 2010

The large-cap indexes were roughly flat for the week but not before hitting new 18-month highs on Thursday. The technology-oriented Nasdaq and smaller-cap indexes recorded modest gains. Share prices moved sharply higher on Wednesday, as investors celebrated strong first-quarter profit reports in the banking and technology sectors. Encouraging news of strong demand for package delivery and rail transportation also boosted sentiment, as did a Commerce Department report of a strong gain in retail sales in March. The good cheer evaporated on Friday, however, when news broke that the Securities and Exchange Commission had charged financial services giant Goldman Sachs Group with fraud relating to the firm's sale of a mortgage investment. Despite additional reports of strong earnings in the sector, financial stocks fell as investors appeared to worry that actions against other firms might follow.

U.S. Stocks¹
Index²	Friday’s Close	Week’s Change	% Change Year-to-Date
DJIA	11018.66	21.31	5.66%
S&P 500	1192.13	-2.24	6.91%
NASDAQ Composite	2481.26	27.21	9.35%
S&P MidCap 400	820.62	6.14	12.93%
Russell 2000	715.20	12.38	12.80%

This chart is for illustrative purposes only and does not represent the performance of any specific security. Past performance cannot guarantee future results.

¹Source of data Reuters, obtained through Yahoo! Finance Closing data as of 4:10 p.m. ET.

²The Dow Jones Industrial Average and the Standard & Poor’s 500 Stock Index of blue chip stocks, the Standard & Poor’s MidCap 400 Index, and the Russell 2000 Index are unmanaged indexes representing various segments by market capitalization of the U.S. equity markets. The Nasdaq Composite is an unmanaged index representing the companies traded on the Nasdaq stock market and the National Market System.

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U.S. Bond Market

Week Ended April 16, 2010

Recent data indicate that the economic rebound may be building at a stronger pace than previously believed. The service sector has been strengthening and retail sales increased sharply, reflecting growing optimism that fallout from the recession is fading. Multifamily housing construction rose in March to the highest level in 16 months. In addition, permits for single-family construction were also up, a barometer of future activity indicating that a recovery in housing could help support a broad economic rebound. The labor market is still weak, but there are signs that the worst is over and companies might begin hiring in coming months. The Federal Reserve has stated that it won't start raising short-term interest rates as long as inflation is subdued and the strength of the economic recovery remains uncertain. So it remains to be seen just how long the Fed will continue to keep rates at their historic low levels before the central bank begins to tighten monetary policy. Treasury yields fell during the week.

U.S. Treasury Yields¹
Maturity	April 16, 2010	April 9, 2010
2-Year	0.95%	1.06%
10-Year	3.76%	3.88%
30-Year	4.68%	4.74%

This table is for illustrative purposes only. Past performance cannot guarantee future results.

¹Source of data: Bloomberg.com, as of 4 p.m. ET Friday, April 16, 2010.

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Week Ended April 9, 2010

International Stocks

Foreign stock markets closed higher for the week ending April 09, 2010 with the broad international measure, the MSCI EAFE Index (Europe, Australasia, and Far East), gaining 0.35%.


Region/Country	Week’s Return	% Change Year-to-Date
EAFE	0.35%	2.62%
Europe ex-U.K.	-0.31%	-1.15%
Denmark	2.06%	12.27%
France	-0.32%	-2.70%
Germany	-0.46%	-1.66%
Italy	-1.08%	-6.88%
Netherlands	0.27%	1.32%
Spain	2.43%	-11.57%
Sweden	0.39%	10.08%
Switzerland	-1.94%	3.50%
United Kingdom	0.99%	2.28%
Japan	0.29%	9.24%
AC Far East ex-Japan	1.77%	4.68%
Hong Kong	1.88%	5.72%
Korea	0.78%	8.14%
Malaysia	1.81%	12.28%
Singapore	1.40%	2.12%
Taiwan	1.54%	-1.07%
Thailand	-1.10%	13.62%
EM Latin America	0.90%	4.16%
Brazil	0.31%	2.15%
Mexico	2.21%	10.36%
Argentina	5.02%	10.81%
EM (Emerging Markets)	1.52%	5.91%
Hungary	-0.72%	16.12%
India	2.80%	8.75%
Israel	-0.68%	9.11%
Russia	0.91%	10.66%
Turkey	4.41%	12.16%

International Bond Markets

International bond markets in developed countries were lower this week, with the J.P. Morgan Global Government Bond Less U.S. Index losing -0.25%.


Region/Country	Week’s Return	% Change Year-to-Date
Developed Markets	-0.25%	-2.12%
Europe
Denmark	-0.84%	-3.24%
France	-1.00%	-4.02%
Germany	-1.02%	-3.84%
Italy	-0.97%	-4.29%
Spain	-1.16%	-4.56%
Sweden	-0.82%	0.59%
United Kingdom	-0.58%	-4.60%
Japan	0.55%	-0.25%
Emerging Markets	0.33%	4.08%
Argentina	1.81%	5.84%
Brazil	0.34%	2.72%
Bulgaria	-0.07%	3.21%
Russia	0.24%	4.45%

International Currency Markets

On the currency front, the U.S. dollar was weaker against the major currencies for the week.


Currency	Close (April 9, 2010)	Week’s Return (U.S. $)	% Change Year-to-Date (U.S. $)
Japanese yen	93.430	-0.58%	0.36%
Euro	1.3446¹	0.68%	6.29%
British pound	1.5354¹	-0.46%	4.92%

¹U.S. dollars per national currency unit.

Sources: Foreign stock markets and currency sections are from Rimes Technologies, using MSCI data. International bond markets are from J.P. Morgan.

Note: All returns are in U.S. dollars. All bond indices are J.P. Morgan. All stock indices are Morgan Stanley Capital International (MSCI).

Equity Indices
EAFE:	MSCI Europe, Australasia, and Far East Index
Europe Ex-U.K.:	MSCI Europe ex-U.K. Index
Far East Ex-Japan:	MSCI AC Far East ex-Japan Index
Latin America:	MSCI Emerging Markets Latin America Index
Emerging Markets:	MSCI Emerging Markets Index

Bond Indices
Developed Markets:	J.P. Morgan Global Government Bond Less U.S. Index
Emerging Markets:	J.P. Morgan Emerging Markets Bond Index Plus

All charts are for illustrative purposes only and do not represent the performance of any specific security. Past performance cannot guarantee future results.