Q1 2010 Market Update

First Quarter 2010 Report

At the end of the first quarter of 2010 the Dow Jones Industrial Average closed up 4.82%. The S&P 500 index finished with a gain of 5.39%. Within U.S. equity markets, generally speaking small-cap stocks fared better than large-cap stocks for the quarter and value outperformed growth. In the international arena, the MSCI EAFE Index (a proxy for developed international markets) posted a return of 0.94%. The MSCI EAFE Emerging Markets Index posted a gain of 2.45% during the quarter. The FTSE MAREIT Index returned 10.02%. In the bond markets the Barclays Capital Aggregate Bond Index returned 1.78%.

The U.S. Dollar appreciated 6.90% against the Euro and 1.13% versus the Japanese Yen for the quarter.

Sourses: Bloomberg, Ibid, Bureau of Labor Statistics