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BusinessWeek: January 10, 2000 |
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Figures of the Week
Figures of the Week
COMMENTARY
And the stock market winner of the century is: the Nasdaq Composite. As of
Dec. 28, it had rocketed a breathtaking 81.2%, on top of 1998's 42.6% rise.
Not since 1915 has a major market index been able to mount such a meteoric
rise. Back then, the Dow Jones industrials jumped 81.5%. But that came on the
heels of a 5% drop in 1914.
Data: Bloomberg Financial Markets
STOCKS
-----------% change--------
Year-to Last 12
U.S. MARKETS Dec. 28 Week date months
Dow Jones Industrials 11476.7 2.5 25.0 24.4
Nasdaq Composite 3972.1 1.6 81.2 82.2
Nasdaq 100 3580.0 1.5 95.0 96.3
S&P MidCap 400 436.7 2.3 11.3 17.4
S&P SmallCap 600 193.2 2.7 8.9 13.5
S&P SuperComposite 1500 306.1 1.8 17.7 18.7
S&P/BARRA Growth 885.3 1.3 27.0 27.0
S&P/BARRA Value 602.0 2.1 9.1 9.9
S&P Basic Materials 135.5 3.9 21.5 22.0
S&P Capital Goods 1104.6 3.0 26.6 27.7
S&P Energy 828.4 0.9 15.1 13.8
S&P Financials 130.4 0.6 0.2 -0.2
S&P REIT 72.6 1.1 -13.9 -12.4
S&P Transportation 591.4 4.3 -11.5 -10.0
S&P Utilities 226.6 1.8 -12.7 -12.4
GSTI Internet 703.1 -7.0 107.6 95.7
Morgan Stanley Cyclical 574.0 4.0 20.4 22.5
PSE Technology 921.1 1.8 105.0 106.3
-----------% change----------
Year-to Last 12
GLOBAL MARKETS Dec. 28 Week date months
S&P Euro Plus 1520.7 3.4 23.9 23.8
London (FT-SE 100) 6806.5 1.5 15.7 16.0
Frankfurt (DAX) 6861.5 6.9 37.2 36.0
Tokyo (NIKKEI 225) 18783.5 3.9 35.7 37.0
Hong Kong (Hang Seng) 16928.3 4.2 68.5 66.5
Toronto (TSE 300) 8452.9 2.5 30.3 30.7
Mexico City (IPC) 7007.8 0.4 77.0 77.7
Week Year
FUNDAMENTALS Dec. 27 ago ago
S&P 500 Dividend Yield 1.15% 1.19% 1.28%
S&P 500 P/E Ratio (Trailing 12 mos.) 32.4 31.6 31.9
S&P 500 P/E Ratio (Next 12 mos.)* 25.4 24.7 24.0
First Call Earnings Revision* -0.80% -1.29% -2.98%
*First Call Corp.
Week
TECHNICAL INDICATORS Dec. 27 ago Reading
S&P 500 200-day average 1342.8 1339.7 Positive
Stocks above 200-day average 27.0% 25.0% Positive
Options: Put/call ratio 0.45 0.46 Negative
Insiders: Vickers Sell/buy ratio 0.61 0.61 Positive
BEST-PERFORMING Last Last 12
GROUPS month% months%
Instrumentation 38.3 Instrumentation 136.0
Aluminum 22.4 Group 109.2
Genl. Merchandise Chains 18.2 Aluminum 93.8
Insurance Brokers 17.2 Semiconductors 82.6
Computer Software 16.8 Broadcasting 79.1
WORST-PERFORMING Last Last
12
GROUPS month%
months%
Toys -18.5 Pollution Control
-60.7
Tobacco -15.7 Tobacco
-56.7
Office Equip. & Supplies -14.3 Office Equip. & Supplies
-51.4
Savings & Loans -12.0 Manufactured Housing
-43.2
Food Chains -11.9 Food Chains
-41.3
INTEREST RATES
Week Year
KEY RATES Dec. 28 ago ago
MONEY MARKET FUNDS 5.39% 5.34% 4.75%
90-DAY TREASURY BILLS 5.37 5.40 4.57
1-YEAR TREASURY BILLS 5.92 5.95 4.61
10-YEAR TREASURY NOTES 6.41 6.38 4.68
30-YEAR TREASURY BONDS 6.47 6.46 5.10
30-YEAR FIXED MORTGAGE******* 8.10 7.95 6.91
*******BanxQuote, Inc.
BLOOMBERG MUNI YIELD EQUIVALENTS
Taxable equivalent yields on AAA-rated, tax-exempt municipal bonds, assuming a
31% federal tax rate.
10-yr. bond 30-yr. bond
GENERAL OBLIGATIONS 5.09% 5.86%
TAXABLE EQUIVALENT 7.38 8.49
INSURED REVENUE BONDS 5.28 6.14
TAXABLE EQUIVALENT 7.65 8.90
MUTUAL FUNDS
EQUITY FUND CATEGORIES
Leaders Laggards
Four-week total return % Four-week total return %
Technology 17.0 Financial -3.6
Diversified Emerging Markets 14.7 Precious Metals 0.1
Latin America 12.7 Large-cap Value 0.1
Small-cap Growth 12.2 Japan 0.7
Mid-cap Growth 11.5 Mid-cap Value 0.8
Leaders Laggards
52-week total return % 52-week total return %
Technology 132.0 Real Estate -4.6
Japan 111.7 Financial -2.5
Diversified Pacific/Asia 91.2 Small-cap Value 5.2
Pacific/Asia ex-Japan 69.6 Large-cap Value 5.4
Diversified Emerging Mkts. 67.9 Mid-cap Value 5.5
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  Return to top Production Index Components PRODUCTION INDICATORS
LATEST WEEK YEARLY
WEEK AGO% CHG
STEEL 12/25 thous. of net tons NA 2,168# NA
AUTOS 12/25 units 87,286 122,079r# 24.6
TRUCKS 12/25 units 121,872 162,213r# 44.3
ELECTRIC POWER 12/25 millions of
kilowatt-hrs. NA 68,160# NA
CRUDE-OIL REFINING 12/25 thous. of bbl./day NA 14,565# NA
COAL 12/18 thous. of net tons 22,212# 22,061 -1.2
LUMBER 12/18 millions of ft. 515.5# 521.0 5.3
RAIL FREIGHT 12/18 billions of ton-miles 28.5# 28.8 1.4
Sources: American Iron & Steel Institute, Ward's Automotive Reports, Edison
Electric Institute, American Petroleum Institute, Energy Dept., WWPA, SFPAÿFD,
Association of American Railroads
LEADING INDICATORS
LATEST WEEK YEARLY
WEEK AGO% CHG
ECRI LEADING INDEX 12/17 1992=100 125.7 126.4 4.4
STOCK PRICES 12/23 S&P 500 1458.34 1421.05 18.4
CORPORATE BOND YIELD, Aaa 12/17 7.59% 7.59% 19.2
MONEY SUPPLY, M2 12/13 billions $4,641.2 $4,631.6r 5.7
INITIAL CLAIMS, UNEMPLOYMENT 12/17 thous. 281 267r -3.4
MORTGAGE APPLICATIONS, PURCHASE 12/17 284.3 285.8 5.9
MORTGAGE APPLICATIONS, REFINANCE 12/17 354.1 388.1 -77.4
Sources: Economic Cycle Research Institute, Standard & Poor's, Moody's,
Federal
Reserve, Labor Dept., Mortgage Bankers Assn. (Index: March 16, 1990=100)
PRICES
LATEST WEEK YEARLY
WEEK AGO% CHG
GOLD 12/29 $/troy oz. 287.300 280.050 0.1
STEEL SCRAP 12/29 #1 heavy, $/ton 84.00 84.00 18.3
COPPER 12/17 cents/lb. 85.3 83.0 24.3
ALUMINUM 12/17 cents/lb. 74.5 73.8 25.2
COTTON 12/24 strict low middling
1-1/16 in., cents/lb. 46.79 47.08 -21.6
OIL 12/28 $/bbl. 26.60 26.26 131.1
CRB FOODSTUFFS 12/27 1967=100 178.96 177.99 -7.0
CRB RAW INDUSTRIALS 12/27 1967=100 265.67 264.95 0.7
Sources: London Wednesday final setting, Chicago market, Metals Week, Memphis
market, NYMEX, Commodity Research Bureau
FOREIGN EXCHANGE
LATEST WEEK YEAR
WEEK AGO AGO
BRAZILIAN REAL 12/28 1.8290 1.8225 1.2079
BRITISH POUND 12/28 1.62 1.61 1.66
CANADIAN DOLLAR 12/28 1.45 1.48 1.55
EUROPEAN EURO 12/28 1.0069 1.0094 NA
JAPANESE YEN 12/28 102.21 101.64 114.96
KOREAN WON 12/28 1142.8 1131.5 1209.1
MEXICAN PESO 12/28 9.480 9.312 9.946
TRADE-WEIGHTED DOLLAR INDEX 12/28 106.1 106.4 106.3
Sources: Major New York banks. Currencies expressed in units per U.S. dollar,
except for British Pound and European Euro in dollars. Trade-weighted dollar
via J.P. Morgan.
INTEREST RATES
LATEST WEEK YEAR
WEEK AGO AGO
FEDERAL FUNDS 12/27 5.33% 5.52% 4.88%
COMMERCIAL PAPER 12/27 3-month 6.03 6.01 5.03
CERTIFICATES OF DEPOSIT 12/28 3-month 6.12 6.15 5.20
FIXED MORTGAGE 12/23 30-year 8.10 8.01 6.91
ADJUSTABLE MORTGAGE 12/23 one-year 6.51 6.56 5.73
PRIME 12/28 8.50 8.50 7.75
Sources: Federal Reserve, HSH Associates, Bloomberg Financial Markets
#Raw data in the production indicators are seasonally adjusted in computing
the BW index (chart); other components (estimated listed) include machinery
and defense equipment. 1=Western Wood Products Assn. 2=Southern Forest
Products Assn. 3=Free marke value NA=Not available r=revised NM=Not
meaningful
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