Congress Passed the SOX Legislation during a Period of Corporate Scandals.
Date S&P 500 Index
1-Jul-051197.89
1-Jun-051205.64
2-May-051162.87
1-Apr-051189.8
1-Mar-051212.25
1-Feb-051190.39
3-Jan-051217.8
1-Dec-041191.37
1-Nov-041133.41
1-Oct-041131.64
1-Sep-041109.24
2-Aug-041108.6
1-Jul-041140.84
1-Jun-041122.7
3-May-041118.72
1-Apr-041135.67
1-Mar-041157.45
2-Feb-041142.45
2-Jan-041118.85
1-Dec-031070.47
3-Nov-031061.44
1-Oct-031018.22
2-Sep-031022.59
1-Aug-03990.31
1-Jul-03983.26
2-Jun-03979.11
1-May-03919.68
1-Apr-03861.28
3-Mar-03852.34
3-Feb-03864.64
2-Jan-03909.03
2-Dec-02954.28
1-Nov-02903.42
1-Oct-02847.93
3-Sep-02916.07
1-Aug-02911.62
1-Jul-02994.46
3-Jun-021070.74
1-May-021088.32
1-Apr-021147.84
1-Mar-021131.79
1-Feb-021130.2
2-Jan-021154.67
3-Dec-011139.45
1-Nov-011085.61
1-Oct-011040.94
4-Sep-011155.4
1-Aug-011223.04
2-Jul-011239.78
1-Jun-011265.34
1-May-011266.47
2-Apr-011169.51
1-Mar-011241.36
1-Feb-011373.5
2-Jan-011320.28
1-Dec-001334.67
1-Nov-001429.6
2-Oct-001445.6
1-Sep-001530.09
1-Aug-001443.54
3-Jul-001469.58
1-Jun-001448.81
1-May-001481.51
3-Apr-001507.19
1-Mar-001383.46
1-Feb-001412.49
3-Jan-001478

Note: The following events were significant to the passage of the Sarbanes-Oxley Act of 2002 (SOX): Market peak, March 2000; Enron CEO Jeff Skilling resigns, August 2001; 9/11, September 11, 2001; SOX passes House, April 25, 2002; Tyco CEO Dennis Kozlowski resigns and is indicted by SEC, June 7, 2002; Worldcom announces it understated expenses by $3.8 billion, June 25, 2002; SOX passes Senate, June 18, 2002; SOX signed into law, July 30, 2002.

Source: Bloomberg