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Investment Figures Of The Week


Investment Figures of the Week

Investment Figures of the Week

COMMENTARYStocks fell for the week in response to earnings disappointments and skittishmarkets in Asia. Oracle tumbled almost 30%, from 32 3/8 to 22 15/16, on Dec. 9,on a volume of 172 million, the most ever for any stock on a single day. Thistriggered a decline throughout the tech sector, sending the tech-laden NASDAQcomposite index skidding 3.3% from Dec. 8 to Dec. 10. The decline in the Dowindustrials over those two days came to only 1.6%. Oxford Health Plans wasanother victim of poor earnings, dropping 28% for the week.

% change

U.S. MARKETS Latest Week Year

Dow Jones Industrials 7978.8 -0.7 24.6

NASDAQ Combined Composite 1596.6 -1.1 22.0

S&P MidCap 400 328.0 -0.2 29.5

S&P SmallCap 600 179.0 -0.2 24.3

S&P SuperComposite 1500 208.2 -0.6 30.5

% change

SECTORS Latest Week Year

Bloomberg Information Age 295.4 -2.4 26.1

S&P Financials 118.9 -0.1 46.4

S&P Utilities 220.4 0.3 12.1

% change

FOREIGN MARKETS Latest Week Year

London (FT-SE 100) 5130.7 3.2 28.8

Frankfurt (DAX) 4117.3 0.8 44.9

Tokyo (NIKKEI 225) 16,478.1 -0.6 -19.9

Hong Kong (Hang Seng) 11,022.4 -1.7 -16.4

Toronto (TSE 300) 6754.5 1.1 16.8

Mexico City (IPC) 5045.4 -1.6 55.6

Week Year

FUNDAMENTALS Latest ago ago

S&P 500 Dividend Yield 1.57 % 1.57 % 1.95 %

S&P 500 P/E Ratio (Last 12 mos.) 24.6 24.6 20.8

S&P 500 P/E Ratio (Next 12 mos.)* 19.3 19.1 16.1

First Call Earnings Revision* -1.35 % -1.01 % -0.52 %

Week

TECHNICAL INDICATORS Latest ago Reading

S&P 500 200-day average 885.0 880.8 Positive

Stocks above 200-day average 70.0 % 69.0 % Neutral

Options: Put/call ratio 0.51 0.60 Negative

Insiders: Vickers Sell/buy ratio 2.56 2.75 Negative

BEST-PERFORMING Last Last 12

GROUPS month% months%

Manufactured Housing 29.8 Trucking 162.9

Airlines 16.3 Invest. Banking/Brokerage 88.3

Long-Distance Telecom. 13.8 Savings & Loans 72.9

Regional Telephone Cos. 12.4 Drug Chains 60.8

Invest. Banking/Brokerage 11.7 Oil-Well Equip. & Svcs. 60.7

WORST-PERFORMING Last Last 12

GROUPS month% months%

Gold Mining -15.6 Gold Mining -44.3

Oil & Gas Drilling -14.9 Engineering & Constr. -39.2

Metals -14.6 Metals -33.5

Photography/Imaging -9.8 Photography/Imaging -27.4

Leisure Time -9.7 Shoes -17.3

BLOOMBERG MONEY FLOW ANALYSIS

Rebound ahead? Stocks with most 1-month

significant buying on price weakness Price change

Texas Instruments 45 1/4 -8 15/16

Schlumberger 85 1/2 -3 3/4

Smith International 71 -6 5/8

Cliffs Drilling 62 -15 9/16

ITT 77 7/8 - 9/16

Helmerich & Payne 73 9/16 -8 1/8

Decline ahead? Stocks with most 1-month

significant selling on price strength Price change

Intel 75 5/8 1/2

3Com 37 5/8 1 9/16

WorldCom 33 5/8 2 5/8

Applied Materials 33 9/16 1 3/16

Boeing 50 3/4 4 1/8

Dell Computer 93 15/16 18 5/16

Latest Week Year

KEY RATES week% ago% ago%

MONEY MARKET FUNDS 5.20 5.18 4.95

90-DAY TREASURY BILLS 5.20 5.26 4.96

6-MONTH BANK CDS 5.21 5.20 4.99

1-YEAR TREASURY BILLS 5.50 5.53 5.49

10-YEAR TREASURY NOTES 5.87 5.83 6.38

30-YEAR TREASURY BONDS 6.07 6.02 6.61

LONG-TERM AA INDUSTRIALS 6.63 6.55 7.17

LONG-TERM BBB INDUSTRIALS 7.03 6.97 7.64

LONG-TERM AA TELEPHONES 7.02 6.96 7.32

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 4.50% 4.53% 5.08% 5.11%

PERCENT OF TREASURIES 76.56 77.85 83.63 85.00

TAXABLE EQUIVALENT 6.52 6.57 7.36 7.41

INSURED REVENUE BONDS 4.60 4.63 5.27 5.30

PERCENT OF TREASURIES 78.26 79.57 86.76 88.16

TAXABLE EQUIVALENT 6.67 6.71 7.64 7.68

Leaders Laggards

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

Wright EquiFd.-Mexico 14.6 Matthews Korea -44.9

Wright EquiFd.-Hong Kong 14.0 Blanchard Precious Metals -31.6

T. Rowe Price Latin America 13.8 Midas

-29.1

Govett Latin America A 13.1 Fidelity Sel. American Gold -26.2

Guinness Flight China 12.6 Invesco Strategic Gold -26.2

Leaders Laggards

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

Lexington Troika Russia 70.2 Matthews Korea -63.6

Fidelity Sel. Brokerage 67.3 Midas -62.8

Fidelity Sel. Energy Serv. 63.6 U.S. Global Investors Gold -61.1

Evergreen U.S. Real Est.Y 61.5 Invesco Strategic Gold -60.9

Hartford Cap. Apprec A 60.7 Morgan Stan. Instl. Gold A -59.6

Leaders Laggards

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

Latin America 9.7 Precious Metals -21.1

Financial 7.7 Natural Resources -6.7

Utilities 5.5 Japan -1.1

Large-cap Blend 4.5 Diversified Emerging Mkts. -0.9

Communications 4.3 Technology -0.7

Leaders Laggards

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

Financial 45.0 Precious Metals -48.8

Small-cap Value 29.5 Pacific/Asia ex-Japan -27.1

Real Estate 28.1 Diversified Pacific/Asia -21.8

Large-cap Blend 27.5 Japan -18.1

Mid-cap Value 27.3 Diversified Emerging Mkts. -1.4

All data are as of market close Wednesday, Dec. 10, 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 Dec. 9. 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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