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Investment Figures Of The Week


Investment Figures of the Week

Investment Figures of the Week

COMMENTARY Hold on to your hats! Concerns that Asia's economic crisis would hurt theearnings of U.S. companies sent the Dow Jones industrial average plunging150.7 points, or 1.6%, on May 26. That was the Dow's worst fall since Jan. 9.After dropping as much as 175 points the next day, the market recovered toclose down just 27.2 points, at 8936.6. Big losers were Citicorp and BankersTrust. The bond market was also active: A flight to quality drove the yield onthe 30-year Treasury bond to 5.84%, down from 5.94% a week ago.

% change

U.S. MARKETS Latest Week Year

Dow Jones Industrials 8936.6 -2.6 21.5

NASDAQ Combined Composite 1781.1 -2.8 26.3

S&P MidCap 400 354.9 -3.3 28.0

S&P SmallCap 600 188.4 -3.7 22.5

S&P SuperComposite 1500 233.0 -2.5 28.6

% change

SECTORS Latest Week Year

Bloomberg Information Age 335.0 -2.3 25.2

S&P Financials 131.2 -3.4 40.5

S&P Utilities 232.0 -1.6 21.0

PSE Technology 333.2 -4.3 16.2

% change

FOREIGN MARKETS Latest Week Year

London (FT-SE 100) 5870.2 -0.6 25.5

Frankfurt (DAX) 5490.6 -0.4 51.0

Tokyo (NIKKEI 225) 15,664.3 0.1 -23.0

Hong Kong (Hang Seng) 8983.4 -5.9 -38.3

Toronto (TSE 300) 7542.9 -2.0 18.1

Mexico City (IPC) 4480.4 -2.8 14.7

Week Year

FUNDAMENTALS Latest ago ago

S&P 500 Dividend Yield 1.42 % 1.41 % 1.75 %

S&P 500 P/E Ratio (Last 12 mos.) 26.0 26.4 21.4

S&P 500 P/E Ratio (Next 12 mos.)* 21.3 21.6 17.6

First Call Earnings Revision* -0.63 % -1.20 % -0.73 %

Week

TECHNICAL INDICATORS Latest ago Reading

S&P 500 200-day average 999.7 996.6 Positive

Stocks above 200-day average 50.0 % 55.0 % Neutral

Options: Put/call ratio 0.60 0.59 Neutral

Insiders: Vickers Sell/buy ratio 2.71 2.71 Negative

BEST-PERFORMING Last Last 12

GROUPS month% months%

Automobiles 17.2 Specialty Appar. Retailers 100.4

Specialty Appar. Retailers 12.3 Broadcasting 83.3

Restaurants 9.5 Automobiles 71.3

Genl. Merchandise Chains 9.0 Personal Loans 69.3

Department Stores 7.9 Genl. Merchandise Chains 66.0

WORST-PERFORMING Last Last 12

GROUPS month% months%

Gold Mining -14.8 Metals -41.3

Oil & Gas Drilling -12.0 Gold Mining -28.9

Metals -11.0 Shoes -22.4

Oil Exploration & Prod. -9.4 Photography/Imaging -18.9

Manufactured Housing -8.9 Engineering & Constr. -18.2

BLOOMBERG MONEY FLOW ANALYSIS

Rebound ahead? Stocks with most 1-month

significant buying on price weakness Price change

Intel 74 11/16 -5 5/16

Hewlett-Packard 65 3/8 -7 7/8

Mellon Bank 67 -4 5/16

Gateway 2000 44 1/2 -13 3/16

AT&T 59 11/16 - 13/16

Xilinx 42 -4 11/16

Decline ahead? Stocks with most 1-month

significant selling on price strength Price change

Dell Computer 83 15/16 9 5/8

WorldCom 45 3/4 2 3/8

Cisco Systems 76 5 9/16

Washington Mutual 72 3/4 3 5/16

Abbott Laboratories 74 7/8 3 1/2

Travelers Group 62 3/4 1 1/2

Data: Bloomberg Financial Markets; *First Call Corp.

Latest Week Year

KEY RATES week% ago% ago%

MONEY MARKET FUNDS 5.10 5.10 5.14

90-DAY TREASURY BILLS 5.08 5.23 5.18

6-MONTH BANK CDS 5.08 5.08 5.23

1-YEAR TREASURY BILLS 5.41 5.45 5.91

10-YEAR TREASURY NOTES 5.58 5.65 6.80

30-YEAR TREASURY BONDS 5.84 5.94 7.03

LONG-TERM AA INDUSTRIALS 6.41 6.51 7.56

LONG-TERM BBB INDUSTRIALS 6.85 6.93 7.93

LONG-TERM AA TELEPHONES 6.69 6.77 7.78

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% 4.46% 4.98% 5.03%

PERCENT OF TREASURIES 79.88 79.47 85.28 85.30

TAXABLE EQUIVALENT 6.45 6.46 7.22 7.29

INSURED REVENUE BONDS 4.57 4.58 5.17 5.19

PERCENT OF TREASURIES 82.03 81.60 88.53 88.01

TAXABLE EQUIVALENT 6.62 6.64 7.49 7.52

EQUITY FUNDS

Leaders Laggards

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

IAI Value 28.1 Lexington Troika Russia -33.6

Fidelity Germany 10.5 Matthews Korea I -19.0

Waddell & Reed Intl. Gr. B 9.4 Govett Latin America A -16.6

Smith Barney European A 9.2 Fidelity Latin America -15.3

IAI Balanced 8.9 Excelsior Latin America -14.9

Leaders Laggards

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

FMI Focus 69.7 Matthews Korea I -65.0

Munder Micro-Cap Equity Y 66.4 U.S. Global Investors Gold -57.6

Weitz Hickory 64.9 Lex. Crosby Sm. Cap Asia -56.2

Fidelity Select Brokerage 62.1 Morg. Stan. Inst. Asia Eq. A -54.5

IAI Value 61.4 Morgan Stan. Asian Grth. C -54.5

EQUITY FUND CATEGORIES

Leaders Laggards

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

Europe 5.4 Latin America -13.3

Foreign 3.4 Precious Metals -10.6

World 1.7 Diversified Emerging Mkts. -9.5

International Hybrid 0.9 Pacific/Asia ex-Japan -8.8

Large-cap Value 0.7 Diversified Pacific/Asia -5.6

Leaders Laggards

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

Financial 42.3 Pacific/Asia ex-Japan -40.9

Communications 39.4 Diversified Pacific/Asia -33.5

Europe 35.4 Precious Metals -32.8

Large-cap Growth 29.3 Japan -22.2

Large-cap Blend 27.8 Diversified Emerging Mkts. -19.3

All data are as of market close Wednesday, May 27, 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 May 26. For a more detailed explanation, write to us or E-mail

figures@businessweek.com. NA=Not available **Vanguard Index 500 Fund

Data: Morningstar, Inc.

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