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Investment Figures Of The Week


Investment Figures of the Week

Investment Figures of the Week

STOCKSThe U.S. financial markets were clouded by interest-rate worries. Concernabout rising rates sent 30-year bond rates climbing 10 basis points, to 6.05%,on Apr. 27. That led to a sell-off in stocks. The Dow Jones industrial averagefell 147 points, its worst loss since Jan. 9. Interest-rate sensitive stocks,such as banks and homebuilders, led the decline, which was sparked by fearthat the Federal Reserve may raise rates. NASDAQ stocks were especially hardhit. Stocks staged a mild recovery on Apr. 29.

% change

U.S. MARKETS Latest Week Year

Dow Jones Industrials 8951.5 -2.5 27.7

NASDAQ Combined Composite 1851.6 -3.4 46.9

S&P MidCap 400 370.5 -2.7 44.1

S&P SmallCap 600 199.3 -3.2 43.7

S&P SuperComposite 1500 234.9 -3.1 37.6

% change

SECTORS Latest Week Year

Bloomberg Information Age 345.1 -2.7 41.1

S&P Financials 132.4 -5.3 45.6

S&P Utilities 236.1 -2.3 26.9

PSE Technology 356.3 -1.2 42.4

% change

FOREIGN MARKETS Latest Week Year

London (FT-SE 100) 5833.1 -1.7 31.5

Frankfurt (DAX) 5108.5 -4.7 48.6

Tokyo (NIKKEI 225) 15,395.4 -2.3 -19.6

Hong Kong (Hang Seng) 10,471.2 -4.6 -18.8

Toronto (TSE 300) 7609.5 -2.7 27.3

Mexico City (IPC) 5028.7 -2.6 33.9

Week Year

FUNDAMENTALS Latest ago ago

S&P 500 Dividend Yield 1.43 % 1.38 % 1.86 %

S&P 500 P/E Ratio (Last 12 mos.) 25.9 26.9 20.1

S&P 500 P/E Ratio (Next 12 mos.)* 21.4 22.2 16.6

First Call Earnings Surprise* 2.65 % 2.88 % 3.52 %

Week

TECHNICAL INDICATORS Latest ago Reading

S&P 500 200-day average 983.4 978.6 Positive

Stocks above 200-day average 57.0 % 65.0 % Neutral

Options: Put/call ratio 0.54 0.47 Negative

Insiders: Vickers Sell/buy ratio 3.18 3.09 Negative

BEST-PERFORMING Last Last 12

GROUPS month% months%

Computer Systems 11.5 Broadcasting 103.5

Entertainment 11.4 Specialty Appar. Retailers 99.7

Shoes 9.1 Homebuilding 93.1

Gold Mining 7.6 Communications Equip. 92.1

Defense Electronics 7.4 Personal Loans 77.1

WORST-PERFORMING Last Last 12

GROUPS month% months%

Commercial Services -15.2 Metals -29.2

Tobacco -12.1 Engineering & Constr. -19.0

Food Chains -9.8 Shoes -12.9

Engineering & Constr. -9.6 Photography/Imaging -12.7

Leisure Time -8.4 Tobacco -5.2

BLOOMBERG MONEY FLOW ANALYSIS

Rebound ahead? Stocks with most 1-month

significant buying on price weakness Price change

Chase Manhattan 133 5/8 - 1/8

Oracle 26 1/4 -5 1/16

AT&T 59 9/16 -7 3/8

Beneficial 123 3/4 - 3/4

Lockheed Martin 111 - 1/2

Motorola 55 7/8 -1 9/16

Decline ahead? Stocks with most 1-month

significant selling on price strength Price change

Microsoft 89 7/8 1 15/16

Pfizer 113 3/8 15 9/16

Cisco Systems 70 7/8 3 7/16

Infoseek 33 14 5/8

Eli Lilly 68 7/8 10 5/8

Data: Bloomberg Financial Markets; *First Call Corp.

INTEREST RATES

Latest Week Year

KEY RATES week% ago% ago%

MONEY MARKET FUNDS 5.10 5.10 5.08

90-DAY TREASURY BILLS 5.05 5.09 5.28

6-MONTH BANK CDS 5.07 5.08 5.23

1-YEAR TREASURY BILLS 5.48 5.41 5.90

10-YEAR TREASURY NOTES 5.81 5.68 6.72

30-YEAR TREASURY BONDS 6.07 5.96 6.95

LONG-TERM AA INDUSTRIALS 6.66 6.55 7.47

LONG-TERM BBB INDUSTRIALS 7.10 7.01 7.92

LONG-TERM AA TELEPHONES 6.91 6.80 7.71

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 4.58% 4.48% 5.18% 5.08%

PERCENT OF TREASURIES 78.89 78.88 85.36 85.18

TAXABLE EQUIVALENT 6.64 6.49 7.51 7.36

INSURED REVENUE BONDS 4.75 4.64 5.37 5.29

PERCENT OF TREASURIES 81.82 81.70 88.49 88.70

TAXABLE EQUIVALENT 6.88 6.72 7.78 7.67

MUTUAL FUNDS

EQUITY FUNDS

Leaders Laggards

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

Lexington Strat. Invmnts. 19.7 Matthews Korea I -13.3

Gabelli Gold 10.7 Montgomery Emerg. Asia R -9.7

Evergreen Prec. Metals B 9.8 DFA Pacific Rim Small Co. -9.6

Am. Cent. Global Gold 9.2 Lex. Crosby Sm. Cap Asia -8.9

Van Eck Intl. Inv. Gold A 9.2 Kemper Asian Growth A -8.4

Leaders Laggards

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

Delaware Aggressive Gr. A 104.3 Matthews Korea I -54.1

Munder Micro-Cap Equity Y 94.4 Lex.Crosby Sm. Cap Asia -49.5

Weitz Hickory 92.3 U.S. Global Investors Gold -49.5

Safeco Growth No Load 87.3 Morgan Stan. Asian Grth. C -48.1

Texas Capital Val. & Grth. 85.9 Morgan Stan. Inst. Asia Eq. A -48.0

EQUITY FUND CATEGORIES

Leaders Laggards

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

Precious Metals 6.7 Pacific/Asia ex-Japan -5.6

Technology 2.4 Real Estate -3.8

Europe 0.8 Utilities -3.8

Natural Resources 0.5 Diversified Pacific/Asia -3.5

Foreign 0.1 Health -2.2

Leaders Laggards

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

Communications 55.9 Pacific/Asia ex-Japan -33.4

Financial 52.8 Diversified Pacific/Asia -25.2

Small-cap Blend 46.3 Precious Metals -21.5

Small-cap Growth 46.2 Japan -12.2

Large-cap Growth 43.5 Diversified Emerging Mkts. -8.4

All data are as of market close Wednesday, Apr. 29, 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. 28. 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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