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Investment Figures Of The Week


Investment Figures of the Week

Investment Figures of the Week

COMMENTARYComments by the Federal Reserve chairman, Alan Greenspan, sent the financialmarkets into a tailspin on Oct. 8. Greenspan said it would be "unrealistic"to expect more of the same gains sustained by the markets in the past twoyears. Stocks plummeted--ending a five-day rally. The Dow Jones industrialaverage fell 83 points, from 8178 to 8095, on the news, and the S&P 500, whichclimbed to a record high of 983 on Oct. 7, slipped nine points. Bonds and thedollar were also hurt.

% change

U.S. MARKETS Latest Week Year

Dow Jones Industrials 8095.1 1.0 35.7

NASDAQ Combined Composite 1741.8 3.0 40.4

S&P MidCap 400 338.6 1.8 38.8

S&P SmallCap 600 191.9 2.1 38.0

S&P SuperComposite 1500 210.3 1.9 38.9

% change

SECTORS Latest Week Year

Bloomberg Information Age 309.6 2.7 44.5

S&P Financials 116.5 3.2 56.4

S&P Utilities 205.3 -0.6 6.2

PSE Technology 345.2 3.7 53.3

% change

FOREIGN MARKETS Latest Week Year

London (FT-SE 100) 5262.1 -1.0 30.4

Frankfurt (DAX) 4347.2 3.6 61.5

Tokyo (NIKKEI 225) 17,619.2 -1.2 -16.3

Hong Kong (Hang Seng) 14,838.5 -1.4 22.6

Toronto (TSE 300) 7193.5 2.1 32.3

Mexico City (IPC) 5300.3 -1.0 58.7

Week Year

FUNDAMENTALS Latest ago ago

S&P 500 Dividend Yield 1.54 % 1.60 % 2.07 %

S&P 500 P/E Ratio (Last 12 mos.) 24.5 24.2 20.1

S&P 500 P/E Ratio (Next 12 mos.)* 19.5 18.8 NA

First Call Earnings Surprise* 4.88 % 2.70 % NA

Week

TECHNICAL INDICATORS Latest ago Reading

S&P 500 200-day average 847.2 841.3 Positive

Stocks above 200-day average 85.0 % 84.0 % Negative

Options: Put/call ratio 0.45 0.47 Negative

Insiders: Vickers Sell/buy ratio 3.60 3.62 Negative

BEST-PERFORMING Last Last 12

GROUPS month% months%

Trucking 31.8 Trucking 214.4

Oil & Gas Drilling 23.7 Invest. Banking/Brkrge. 99.7

Invest. Banking/Brkrge. 19.8 Oil & Gas Drilling 91.3

Gold Mining 14.8 Savings & Loans 87.2

Long-Dist. Telecomm. 14.7 Semiconductors 85.3

WORST-PERFORMING Last Last 12

GROUPS month% months%

Steel -8.1 Photography/Imaging -18.2

Photography/Imaging -7.6 Engineering & Constr. -10.1

Metal & Glass Containers -6.8 Hospital Management -9.2

Hospital Management -6.7 Shoes -7.2

Genl. Merchandise Chains -6.0 Gold Mining -6.3

BLOOMBERG MONEY FLOW ANALYSIS

Rebound ahead? Stocks with most 1-month

significant buying on price weakness Price change

Micron Technology 33 15/16 -10 3 /4

Lockheed Martin 107 -3/8

Atmel 35 1/4 -2 7/16

Cigna 174 1/4 -17 1/16

Motorola 72 3/16 -3 1/16

Kulicke & Soffa 47 1/8 -3

Decline ahead? Stocks with most 1-month

significant selling on price strength Price change

WorldCom 38 1/16 6 3/8

Dell Computer 99 7/8 12 7/8

3Com 51 1/16 2 3/8

Cisco Systems 78 1/2 11/16

Pfizer 61 3/4 4 11/16

Ciena 55 1/2 6 1/4

Data: Bloomberg Financial Markets; *First Call Corp.

Latest Week Year

KEY RATES week% ago% ago%

MONEY MARKET FUNDS 5.14 5.14 4.98

90-DAY TREASURY BILLS 5.08 5.10 5.12

6-MONTH BANK CDS 5.18 5.19 5.04

1-YEAR TREASURY BILLS 5.42 5.44 5.53

10-YEAR TREASURY NOTES 6.08 6.04 6.53

30-YEAR TREASURY BONDS 6.36 6.33 6.79

LONG-TERM AA INDUSTRIALS 6.85 6.78 7.32

LONG-TERM BBB INDUSTRIALS 7.21 7.17 7.74

LONG-TERM AA TELEPHONES 7.16 7.11 7.52

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 4.56 4.56 5.14 5.14

PERCENT OF TREASURIES 75.04 75.59 80.79 81.31

TAXABLE EQUIVALENT 6.61 6.61 7.45 7.45

INSURED REVENUE BONDS 4.72 4.71 5.38 5.37

PERCENT OF TREASURIES 77.67 78.08 84.56 84.95

TAXABLE EQUIVALENT 6.84 6.83 7.80 7.78

EQUITY FUND CATEGORIES

Leaders Laggards

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

Fidelity Sel. Energy Serv. 14.8 DFA Japanese Small Co. -18.7

Fidelity Select Brokerage 14.8 Morgan Stan. Asian Grth. C -14.7

GT Global Natural Res. A 14.2 Merrill Emerging Tigers B -14.7

Cohen & Steers Spec. Eq. 14.0 Morg. Stan. Instl. Asia Eq. A -14.6

Weitz Hickory 13.3 Invesco Asian Growth -14.0

Leaders Laggards

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

Lexington Troika Russia 168.3 DFA Japanese Small Co. -49.0

Fidelity Sel. Energy Serv. 95.6 Bull & Bear Gold Investors -44.4

Hartford Cap. Apprec. A 92.6 United Svcs. Gold Shares -42.7

Fidelity Select Brokerage 81.7 Fontaine Global Growth -38.0

Evergreen U.S. Real Est. Y 81.3 Midas -37.8

Leaders Laggards

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

Real Estate 8.7 Pacific/Asia ex-Japan -8.3

Financial 8.1 Diversified Pacific/Asia -5.5

Health 7.7 Japan -4.3

Europe 7.6 Diversified Emerging Markets 0.1

Communications 7.6 Technology 3.0

Leaders Laggards

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

Financial 54.0 Precious Metals -22.9

Latin America 44.5 Japan -11.9

Real Estate 42.3 Diversified Pacific/Asia -6.5

Small-cap Value 42.2 Pacific/Asia ex-Japan -3.5

Mid-cap Value 38.7 International Hybrid 14.7

All data are as of market close Wednesday, Oct. 8, 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 Oct. 7. 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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