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Investment Figures Of The Week


Investment Figures of the Week

Investment Figures of the Week

COMMENTARYIt was a head-spinning week in the markets. First, Asia's worsening crisissent the Dow Jones industrial average down 207 points on June 15. A slightupdraft followed on June 16. The next day, the Dow roared up 164.2 points, tohit 8829.5. The catalyst: The U.S. government's attempt to shore up Japan'sworsening economy--and help stop that crisis from spilling over into theearnings of U.S. companies--by selling dollars for yen. That led the dollar toretreat from an eight-year high against Japan's currency.

% change

U.S. MARKETS Latest Week Year

Dow Jones Industrials 8829.5 -1.6 14.4

NASDAQ Combined Composite 1776.4 0.2 24.0

S&P MidCap 400 352.9 -1.4 22.0

S&P SmallCap 600 185.6 -1.2 16.5

S&P SuperComposite 1500 235.5 -0.6 24.0

% change

SECTORS Latest Week Year

Bloomberg Information Age 334.9 0.0 24.5

S&P Financials 133.1 -1.7 29.0

S&P Utilities 244.9 -0.5 24.3

PSE Technology 327.3 -1.3 15.1

% change

FOREIGN MARKETS Latest Week Year

London (FT-SE 100) 5832.7 -2.6 25.2

Frankfurt (DAX) 5709.4 -0.8 53.1

Tokyo (NIKKEI 225) 14,715.4 -4.1 -28.2

Hong Kong (Hang Seng) 8004.4 0.3 -43.6

Toronto (TSE 300) 7195.1 -3.2 10.7

Mexico City (IPC) 4341.0 -1.3 1.4

Week Year

FUNDAMENTALS Latest ago ago

S&P 500 Dividend Yield 1.43 % 1.40 % 1.66 %

S&P 500 P/E Ratio (Last 12 mos.) 25.7 26.6 22.6

S&P 500 P/E Ratio (Next 12 mos.)* 21.1 21.6 18.4

First Call Earnings Revision* -1.13 % -0.92 % -1.25 %

Week

TECHNICAL INDICATORS Latest ago Reading

S&P 500 200-day average 1012.9 1008.4 Positive

Stocks above 200-day average 44.0 % 51.0 % Neutral

Options: Put/call ratio 0.73 0.54 Positive

Insiders: Vickers Sell/buy ratio 2.35 2.52 Neutral

BEST-PERFORMING Last Last 12

GROUPS month% months%

Drug Chains 11.6 Specialty Appar. Retailers 104.5

Personal Loans 10.4 Automobiles 72.8

Food Chains 9.8 Airlines 65.8

Airlines 9.5 Genl. Merchandise Chains 63.5

Tobacco 8.5 Homebuilding 63.2

WORST-PERFORMING Last Last 12

GROUPS month% months%

Oil & Gas Drilling -23.0 Metals -43.5

Gold Mining -18.7 Gold Mining -32.0

Forest Products -16.2 Shoes -26.4

Steel -14.5 Engineering & Constr. -20.1

Instrumentation -14.1 Aluminum -19.7

BLOOMBERG MONEY FLOW ANALYSIS

Rebound ahead? Stocks with most 1-month

significant buying on price weakness Price change

Citicorp 146 1/4 -7 3/4

Pfizer 109 3/4 -15/16

IBM 110 -14 5/8

BellSouth 66 13/16 -7/8

J.P. Morgan 117 7/8 -10 11/16

Chase Manhattan 67 3/4 -3 3/8

Decline ahead? Stocks with most 1-month

significant selling on price strength Price change

Cisco Systems 79 15/16 2 3/16

L.M. Ericsson-ADR 26 3/8 3/16

Microsoft 89 7/8 3 13/16

HBO 31 9/16 1 7/32

Philip Morris 36 11/16 1 1/2

Abbott Laboratories 39 1 11/32

Data: Bloomberg Financial Markets; *First Call Corp.

Latest Week Year

KEY RATES week% ago% ago%

MONEY MARKET FUNDS 5.10 5.10 5.16

90-DAY TREASURY BILLS 5.20 5.14 5.03

6-MONTH BANK CDS 5.07 5.08 5.21

1-YEAR TREASURY BILLS 5.41 5.44 5.66

10-YEAR TREASURY NOTES 5.54 5.51 6.40

30-YEAR TREASURY BONDS 5.75 5.70 6.69

LONG-TERM AA INDUSTRIALS 6.32 6.27 7.18

LONG-TERM BBB INDUSTRIALS 6.79 6.71 7.61

LONG-TERM AA TELEPHONES 6.65 6.58 7.42

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% 4.40% 4.98% 4.93%

PERCENT OF TREASURIES 80.54 79.93 86.83 86.53

TAXABLE EQUIVALENT 6.45 6.38 7.22 7.14

INSURED REVENUE BONDS 4.58 4.54 5.17 5.13

PERCENT OF TREASURIES 82.90 82.48 90.14 90.04

TAXABLE EQUIVALENT 6.64 6.58 7.49 7.43

EQUITY FUNDS

Leaders Laggards

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

Franklin Utilities II 5.1 Lexington Troika Russia -28.8

Prudent Bear 5.0 Newport Greater China A -27.3

Galaxy II Util. Idx. Retail 4.9 Guinness Mainland China -26.9

Merrill Utility Income A 4.7 Matthews Pacific Tiger I -26.5

Wright EquiFd.-Belg./Lux. 4.5 U.S. Global Investors Gold -26.0

Leaders Laggards

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

Weitz Hickory 52.5 Matthews Korea I -73.7

FMI Focus 50.4 Lex. Crosby Sm. Cap Asia -66.0

Fidelity Select Retailing 50.2 U.S. Global Investors Gold -65.1

Scudder Greater Europe Gr. 49.9 Montgomery Emerg. Asia R -64.2

Texas Capital Val. & Grth. 46.3 Morg. Stan. Inst. Asia Eq. A -62.9

EQUITY FUND CATEGORIES

Leaders Laggards

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

Utilities 0.7 Pacific/Asia ex-Japan -20.5

Domestic Hybrid -1.6 Precious Metals -18.4

Large-cap Growth -2.2 Diversified Emerging Mkts. -15.0

International Hybrid -2.2 Diversified Pacific/Asia -14.0

Europe -2.2 Latin America -13.0

Leaders Laggards

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

Communications 29.2 Pacific/Asia ex-Japan -54.0

Financial 28.8 Diversified Pacific/Asia -44.3

Europe 27.5 Precious Metals -41.5

Utilities 23.7 Diversified Emerging Mkts. -32.7

Large-cap Growth 23.6 Japan -31.6

All data are as of market close Wednesday, June 17, 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 June 16. 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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