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Investment Figures Of The Week


Investment Figures of the Week

Investment Figures of the Week

COMMENTARYWith the Asia crisis seeming to have stabilized and the earnings seasonwinding down, the Dow Jones industrial average took its cue from overseasmarkets and jumped for joy, rising more than 200 points, to end at 8107.8 onFeb. 2. Meanwhile, the Standard & Poor's 500-stock index tore through the 1000mark for the first time, and on Feb. 4, at 1006.9, hit its third record in arow. Tech stocks rebounded, led by Intel Corp. Drug stocks, which had soaredon merger news, cooled off. Fed policymakers left interest rates unchanged.

% change

U.S. MARKETS Latest Week Year

Dow Jones Industrials 8129.7 2.7 20.5

NASDAQ Combined Composite 1680.4 4.3 24.6

S&P MidCap 400 337.3 3.7 28.9

S&P SmallCap 600 183.3 3.6 25.5

S&P SuperComposite 1500 215.9 3.1 29.1

% change

SECTORS Latest Week Year

Bloomberg Information Age 320.2 3.9 31.8

S&P Financials 119.2 3.8 34.3

S&P Utilities 226.3 -0.2 14.6

PSE Technology 315.9 5.7 23.1

% change

FOREIGN MARKETS Latest Week Year

London (FT-SE 100) 5595.8 4.2 30.7

Frankfurt (DAX) 4487.0 2.2 44.8

Tokyo (NIKKEI 225) 16,882.6 -0.5 -7.2

Hong Kong (Hang Seng) 10,302.6 11.4 -24.6

Toronto (TSE 300) 6762.6 0.5 10.6

Mexico City (IPC) 4787.4 5.3 31.1

Week Year

FUNDAMENTALS Latest ago ago

S&P 500 Dividend Yield 1.53 % 1.59 % 1.84 %

S&P 500 P/E Ratio (Last 12 mos.) 25.6 24.1 20.6

S&P 500 P/E Ratio (Next 12 mos.)* 19.7 19.2 16.6

First Call Earnings Surprise* 2.23 % 2.56 % 1.49 %

Week

TECHNICAL INDICATORS Latest ago Reading

S&P 500 200-day average 919.0 914.3 Positive

Stocks above 200-day average 63.0 % 59.0 % Neutral

Options: Put/call ratio 0.49 0.57 Negative

Insiders: Vickers Sell/buy ratio 1.55 1.58 Positive

BEST-PERFORMING Last Last 12

GROUPS month% months%

Defense Electronics 19.2 Specialty Appar. Retailers 88.9

Semiconductors 18.2 Airlines 68.5

Computer Software 13.9 Broadcasting 63.8

Specialty Appar. Retailers 13.4 Drug Chains 63.2

Medical Products 12.6 Genl. Merchandise Chains 61.1

WORST-PERFORMING Last Last 12

GROUPS month% months%

Oil & Gas Drilling -10.0 Engineering & Constr. -41.0

Pollution Control -8.5 Shoes -36.1

Tobacco -6.3 Metals -33.7

Oil-Well Equip. & Svcs. -5.8 Gold Mining -31.6

Invest. Banking/Brkrge. -5.2 Photography/Imaging -25.8

BLOOMBERG MONEY FLOW ANALYSIS

Rebound ahead? Stocks with most 1-month

significant buying on price weakness Price change

Citicorp 125 7/16 -4 15/16

Telebras-ADR 115 5/8 -2 7/16

Wells Fargo 321 5/8 -14 1/8

IBM 99 3/8 -7 1/16

Gillette 101 7/8 - 1/16

AMR 127 5/16 -1 5/16

Decline ahead? Stocks with most 1-month

significant selling on price strength Price change

Intel 86 5/16 11 13/16

Microsoft 155 7/8 25 1/2

Oracle 24 11/16 1 5/16

Cisco Systems 63 5 1/16

Applied Materials 34 7/8 1 3/4

WorldCom 35 3/4 4 5/8

Data: Bloomberg Financial Markets; *First Call Corp.

Latest Week Year

KEY RATES week% ago% ago%

MONEY MARKET FUNDS 5.18 5.19 4.96

90-DAY TREASURY BILLS 5.08 5.23 5.13

6-MONTH BANK CDS 5.10 5.12 5.03

1-YEAR TREASURY BILLS 5.22 5.33 5.49

10-YEAR TREASURY NOTES 5.55 5.69 6.41

30-YEAR TREASURY BONDS 5.86 5.94 6.70

LONG-TERM AA INDUSTRIALS 6.51 6.60 7.17

LONG-TERM BBB INDUSTRIALS 6.97 7.01 7.51

LONG-TERM AA TELEPHONES 6.89 6.96 7.39

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 4.33% 4.37% 4.91% 4.95%

PERCENT OF TREASURIES 77.95 76.84 83.73 83.35

TAXABLE EQUIVALENT 6.28 6.33 7.12 7.17

INSURED REVENUE BONDS 4.46 4.49 5.13 5.17

PERCENT OF TREASURIES 80.29 78.95 87.48 87.06

TAXABLE EQUIVALENT 6.46 6.51 7.43 7.49

EQUITY FUNDS

Leaders Laggards

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

Matthews Korea 46.1 Lexington Troika Russia -21.9

DFA Japanese Small Co. 35.8 Frontier Equity -11.8

Tocqueville Intl. Value 18.7 American Heritage -10.5

Barr Rosenberg Japan Instl. 15.6 Prudent Bear -9.8

Leaders Laggards

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

Japan 15.0 Vontobel Eastern Europ. Eq. -9.7

Pilgrim Amer. Bank & Thr. A 53.4 Midas -56.9

Fidelity Select Retailing 50.5 Bull & Bear Gold Investors -56.5

FBR Small Cap Financial 49.5 Morgan Stan. Instl. Gold A -56.4

Fidelity Select Brokerage 48.6 U.S. Global Investors Gold -53.8

Transamerica Equity Investor 47.8 Invesco Strategic Gold -53.4

EQUITY FUND CATEGORIES

Leaders Laggards

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

Japan 11.5 Latin America -4.7

Precious Metals 7.0 Diversified Emerging Mkts. -0.8

Technology 6.0 Real Estate -0.3

Diversified Pacific/Asia 5.9 Financial 0.4

Foreign 4.7 Small-cap Value 0.4

Leaders Laggards

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

Financial 37.8 Precious Metals -38.8

Communications 29.5 Pacific/Asia ex-Japan -37.0

Large-cap Blend 25.7 Diversified Pacific/Asia -23.3

Unaligned 25.4 Diversified Emerging Mkts. -13.9

Mid-cap Value 24.7 Japan -5.0

All data are as of market close Wednesday, Feb. 4, 1998, 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 Feb. 3. 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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