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Investment Figures Of The Week


Investment Figures of the Week

Investment Figures of the Week

COMMENTARYA sprightly week for U.S. financial markets, with equities continuing theirrecord-setting advance. The Dow Jones industrial average climbed for four daysstraight, aided by the bank mergers and strong earnings news. Remarks on Apr.15 by Treasury Secretary Robert Rubin eased the concerns of bond traders, whowere worried that the Group of Seven would take actions hurting the dollar.Generally favorable economic news, such as stability in consumer prices, keptbond prices in check.STOCKS

% change

U.S. MARKETS Latest Week Year

Dow Jones Industrials 9162.3 3.0 37.2

NASDAQ Combined Composite 1863.3 3.1 54.0

S&P MidCap 400 377.1 2.8 50.0

S&P SmallCap 600 204.0 3.0 48.6

S&P SuperComposite 1500 240.1 1.8 47.0

% change

SECTORS Latest Week Year

Bloomberg Information Age 339.6 2.4 49.5

S&P Financials 140.2 2.6 64.8

S&P Utilities 245.8 0.5 33.4

PSE Technology 351.6 3.6 46.7

% change

FOREIGN MARKETS Latest Week Year

London (FT-SE 100) 6074.1 0.3 41.4

Frankfurt (DAX) 5388.5 2.3 60.7

Tokyo (NIKKEI 225) 16,299.3 -0.5 -9.6

Hong Kong (Hang Seng) 11,371.1 0.5 -9.6

Toronto (TSE 300) 7817.7 3.3 34.8

Mexico City (IPC) 4991.0 1.4 30.2

Week Year

FUNDAMENTALS Latest ago ago

S&P 500 Dividend Yield 1.45 % 1.40 % 1.95 %

S&P 500 P/E Ratio (Last 12 mos.) 27.7 27.9 19.6

S&P 500 P/E Ratio (Next 12 mos.)* 21.9 21.8 15.7

First Call Earnings Surprise* 2.88 % 1.53 % 3.28 %

Week

TECHNICAL INDICATORS Latest ago Reading

S&P 500 200-day average 973.0 968.6 Positive

Stocks above 200-day average 65.0 % 66.0 % Neutral

Options: Put/call ratio 0.64 0.53 Neutral

Insiders: Vickers Sell/buy ratio 2.79 2.64 Negative

BEST-PERFORMING Last Last 12

GROUPS month% months%

Invest. Banking/Brkrge. 17.4 Broadcasting 115.5

Chemicals 15.1 Homebuilding 110.3

Photography/Imaging 14.6 Personal Loans 102.6

Money Center Banks 14.1 Specialty Appar. Retailers 101.8

Automobiles 13.6 Invest. Banking/Brkrge. 99.7

WORST-PERFORMING Last Last 12

GROUPS month% months%

Toys -10.9 Shoes -25.9

Food Chains -8.3 Metals -22.3

Tobacco -7.8 Engineering & Constr. -12.1

Drug Chains -4.7 Gold Mining -11.6

Leisure Time -4.6 Photography/Imaging 1.4

BLOOMBERG MONEY FLOW ANALYSIS

Rebound ahead? Stocks with most 1-month

significant buying on price weakness Price change

Oracle 28 1/2 -1 1/8

AT&T 64 7/8 - 5/16

Telebras-ADR 130 5/8 - 7/8

Lockheed Martin 111 13/16 -2 13/16

Merck 125 -4 1/2

US West Communications Group 51 9/16 -3 13/16

Decline ahead? Stocks with most 1-month

significant selling on price strength Price change

Microsoft 88 7/16 6 7/16

WorldCom 44 53/64 2 61/64

Pfizer 99 1/16 11 1/16

Dell Computer 68 5/8 5 1/16

PeopleSoft 53 7/8 3 1/16

Centocor 41 1/2 2 15/16

Data: Bloomberg Financial Markets; *First Call Corp.

INTEREST RATES

Latest Week Year

KEY RATES week% ago% ago%

MONEY MARKET FUNDS 5.10 5.11 5.04

90-DAY TREASURY BILLS 5.06 5.07 5.29

6-MONTH BANK CDS 5.08 5.06 5.18

1-YEAR TREASURY BILLS 5.35 5.28 5.99

10-YEAR TREASURY NOTES 5.59 5.53 6.90

30-YEAR TREASURY BONDS 5.88 5.84 7.11

LONG-TERM AA INDUSTRIALS 6.47 6.41 7.59

LONG-TERM BBB INDUSTRIALS 6.92 6.87 7.96

LONG-TERM AA TELEPHONES 6.73 6.69 7.82

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 4.45% 4.43% 5.05% 5.03%

PERCENT OF TREASURIES 79.60 80.32 85.90 86.24

TAXABLE EQUIVALENT 6.45 6.42 7.32 7.29

INSURED REVENUE BONDS 4.61 4.57 5.25 5.22

PERCENT OF TREASURIES 82.46 82.86 89.30 89.50

TAXABLE EQUIVALENT 6.68 6.62 7.61 7.57

MUTUAL FUNDS

EQUITY FUNDS

Leaders Laggards

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

Lexington Strat. Invmnts. 23.2 Capstone New Zealand -11.2

Gabelli Gold 17.8 Lexington Troika Russia -9.2

Am.Cent. Global Gold 17.2 DFA Japanese Small Co. -7.8

Pioneer Gold C 17.1 Dreyfus Aggressive Growth -6.9

Evergreen Prec. Metals B 16.9 ProFunds UltraBear Serv. -5.7

Leaders Laggards

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

Delaware Aggressive Gr. A 105.0 U.S. Global Investors Gold -52.0

Fidelity Select Brokerage 93.0 Matthews Korea I -47.9

FMI Focus 90.9 Midas -46.5

Munder Micro-Cap Equity Y 89.6 Morgan Stan. Asian Grth. C -45.8

Weitz Hickory 88.9 Morg. Stan. Inst. Asia Eq. A -45.4

EQUITY FUND CATEGORIES

Leaders Laggards

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

Precious Metals 14.0 Pacific/Asia ex-Japan 0.1

Natural Resources 6.1 Health 0.2

Europe 5.6 Diversified Pacific/Asia 0.3

Financial 5.4 Japan 1.8

Foreign 5.3 Domestic Hybrid 1.9

Leaders Laggards

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

Financial 65.0 Pacific/Asia ex-Japan -29.5

Communications 61.9 Precious Metals -25.9

Large-cap Growth 49.9 Diversified Pacific/Asia -20.3

Unaligned 48.3 Diversified Emerging Mkts. -5.3

Small-cap Blend 48.0 Japan -4.1

All data are as of market close Wednesday, Apr. 15, 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 Apr. 14. 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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