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Investment Figures Of The Week


Investment Figures of the Week

Investment Figures of the Week

COMMENTARYThe stock market continued its wild roller-coaster ride. Concerns overvaluation kept volatility high, with the Dow Jones industrial averageplummeting as much as 177 points during the day on Aug. 22, only to regain 170points before the close. A rise in consumer confidence and existing-home salesfanned inflation fears and kept the bond market on edge, with the 30-yearTreasury closing at 6.65%. On Aug. 27, the Dow took an 84-point tumble, thenclosed up 5 to clock in at 7787. The index fell 2.9% for the week ending Aug.27.

% change

U.S. MARKETS Latest Week Year

Dow Jones Industrials 7787.3 -2.9 36.3

NASDAQ Combined Composite 1595.5 -2.0 38.3

S&P MidCap 400 314.2 -0.1 34.0

S&P SmallCap 600 174.4 0.1 30.7

S&P SuperComposite 1500 196.8 -2.4 36.8

% change

SECTORS Latest Week Year

Bloomberg Information Age 292.5 -3.8 47.2

S&P Financials 104.6 -3.4 50.7

S&P Utilities 198.8 -0.2 3.5

PSE Technology 329.5 -2.7 60.3

% change

FOREIGN MARKETS Latest Week Year

London (FT-SE 100) 4906.9 -1.0 25.2

Frankfurt (DAX) 3995.7 -5.4 55.9

Tokyo (NIKKEI 225) 18,441.9 -4.2 -11.0

Hong Kong (Hang Seng) 15,534.0 -2.0 36.5

Toronto (TSE 300) 6674.2 -1.5 28.7

Mexico City (IPC) 4912.9 -4.1 44.0

Week Year

FUNDAMENTALS Latest ago ago

S&P 500 Dividend Yield 1.65 % 1.62 % 2.16 %

S&P 500 P/E Ratio (Last 12 mos.) 23.0 23.3 19.0

S&P 500 P/E Ratio (Next 12 mos.)* 18.3 18.6 NA

First Call Earnings Revision* -1.06 % -1.20 % NA

Week

TECHNICAL INDICATORS Latest ago Reading

S&P 500 200-day average 818.5 813.5 Positive

Stocks above 200-day average 80.0 % 80.0 % Negative

Options: Put/call ratio 0.52 0.59 Negative

Insiders: Vickers Sell/buy ratio 3.51 3.20 Negative

BEST-PERFORMING Last Last 12

GROUPS month% months%

Transportation Services 8.7 Trucking 118.0

Heavy-Duty Trucks 5.9 Semiconductors 110.2

Furnishings & Appliances 5.7 Oil & Gas Drilling 85.0

Automobiles 5.3 Computer Systems 84.9

Oil-Well Equip. & Svcs. 5.2 Savings & Loans 78.9

WORST-PERFORMING Last Last 12

GROUPS month% months%

Soft Drinks -12.9 Gold Mining -20.9

Cosmetics -12.1 Photography/Imaging -10.4

Shoes -11.1 Hospital Management -8.5

Restaurants -10.0 Engineering & Constr. -7.5

Instrumentation -9.6 Electric Companies 0.5

BLOOMBERG MONEY FLOW ANALYSIS

Rebound ahead? Stocks with most 1-month

significant buying on price weakness Price change

IBM 103 5/16 -1 11/16

Telebras-ADR 131 1/16 -18 11/16

Motorola 77 9/16 - 7/8

J.P. Morgan 110 3/8 - 3/8

Telefonos de Mexico-ADR 51 7/8 - 1/16

Sears Roebuck 57 1/2 -5 1/4

Decline ahead? Stocks with most 1-month

significant selling on price strength Price change

Intel 92 11/16 4 1/8

Dell Computer 82 13/16 3 15/16

Oracle 38 5/8 2 19/64

Sun Microsystems 50 15/16 4 13/16

Cisco Systems 77 9/16 3/16

Apple Computer 22 1/4 5 13/16

Latest Week Year

KEY RATES week% ago% ago%

MONEY MARKET FUNDS 5.15 5.16 4.93

90-DAY TREASURY BILLS 5.26 5.24 5.20

6-MONTH BANK CDS 5.17 5.17 5.02

1-YEAR TREASURY BILLS 5.58 5.53 5.76

10-YEAR TREASURY NOTES 6.37 6.24 6.78

30-YEAR TREASURY BONDS 6.65 6.54 6.97

LONG-TERM AA INDUSTRIALS 7.15 7.05 7.53

LONG-TERM BBB INDUSTRIALS 7.53 7.41 7.90

LONG-TERM AA TELEPHONES 7.46 7.33 7.73

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

Latest Last Latest Last

week week week week

GENERAL OBLIGATIONS 4.71% 4.65% 5.29% 5.23%

PERCENT OF TREASURIES 73.93 74.52 79.56 79.64

TAXABLE EQUIVALENT 6.83 6.74 7.67 7.58

INSURED REVENUE BONDS 4.86 4.79 5.52 5.45

PERCENT OF TREASURIES 76.28 76.77 83.02 82.99

TAXABLE EQUIVALENT 7.04 6.94 8.00 7.90

EQUITY FUNDS

EQUITY FUND CATEGORIES

Leaders Laggards

Four-week total return % Four-week total return %

United Svcs. China Reg. Op. 11.2 Merrill Emerging Tigers B -16.4

Fidelity Select Electronics 8.9 Fidelity Emerging Markets -14.0

Seligman Commun. & Info. A 8.4 Van Eck Asia Infrastr. A -10.7

Robertson Steph. Info. Age A 8.1 Tocqueville Intl. Value -10.7

State St. Res. Glob. Res. A 8.0 Phoenix-Aberdeen New Asia A -9.3

Leaders Laggards

52-week total return % 52-week total return %

Lexington Troika Russia 139.5 Bull & Bear Gold Investors -44.9

ITT Hartford Cap. Apprec. A 89.6 Frontier Equity -43.8

Fidelity Select Electronics 88.2 United Svcs. Gold Shares -42.3

American Heritage 76.7 Midas -39.6

Fidelity Sel. Energy Serv. 74.0 Morgan Stan. Instl. Gold A -39.4

Leaders Laggards

Four-week total return % Four-week total return %

Technology 3.7 Japan -5.8

Precious Metals 3.2 Diversified Pacific/Asia -5.7

Natural Resources 2.7 Pacific/Asia ex-Japan -4.8

Small-cap Value 2.6 Diversified Emerging Markets -4.1

Small-cap Blend 2.4 Latin America -3.7

Leaders Laggards

52-week total return % 52-week total return %

Financial 46.0 Precious Metals -28.4

Technology 44.6 Japan -6.8

Latin America 43.2 Diversified Pacific/Asia 2.6

Mid-cap Value 35.6 Pacific/Asia ex-Japan 8.5

Small-cap Value 35.3 International Hybrid 16.3

All data are as of market close Wednesday, Aug. 27, 1997, unless otherwise

indicated. Industry groups include S&P 500 companies only. Fundamentals,

technical indicators, Bloomberg money flow analysis, and mutual fund returns

are as of Aug. 26. For a more detailed explanation, write to us or E-mail

figures@businessweek.com. NA=Not available **Vanguard Index 500 Fund

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