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Investment Figures Of The Week


Investment Figures of the Week

Investment Figures of the Week

COMMENTARYThe Russian financial crisis sent shock waves throughout the world, includingthe U.S. financial markets. Banks such as J.P. Morgan and Citicorp were amongthe biggest losers because of concerns that they may suffer losses on Russianand other emerging market debt. The Dow Jones industrial average fell 135points during the day on Aug. 26, but recovered to end the day at 8523.4, down79. Yields of 30-year U.S. bonds declined to their lowest levels since 1977 asinvestors rushed to safety.STOCKS

% change

U.S. MARKETS Latest Week Year

Dow Jones Industrials 8523.4 -2.0 9.5

NASDAQ Combined Composite 1768.1 -4.0 10.8

S&P MidCap 400 318.8 -5.1 1.5

S&P SmallCap 600 160.5 -6.1 -7.9

S&P SuperComposite 1500 228.0 -1.8 15.8

% change

SECTORS Latest Week Year

Bloomberg Information Age 358.4 -1.5 22.5

S&P Financials 121.6 -4.6 16.3

S&P Utilities 240.3 1.6 20.9

PSE Technology 335.4 -4.1 1.8

% change

FOREIGN MARKETS Latest Week Year

London (FT-SE 100) 5545.4 -2.6 13.0

Frankfurt (DAX) 5231.6 -6.5 30.9

Tokyo (NIKKEI 225) 14,866.0 -3.5 -19.4

Hong Kong (Hang Seng) 7834.4 2.8 -49.6

Toronto (TSE 300) 6172.3 -5.2 -7.5

Mexico City (IPC) 3254.4 -9.7 -33.8

Week Year

FUNDAMENTALS Latest ago ago

S&P 500 Dividend Yield 1.44% 1.43% 1.65%

S&P 500 P/E Ratio (Last 12 mos.) 26.4 26.2 23.0

S&P 500 P/E Ratio (Next 12 mos.)* 24.4 24.4 18.3

First Call Earnings Revision* -3.26% -3.33% -1.06%

Week

TECHNICAL INDICATORS Latest ago Reading

S&P 500 200-day average 1057.3 1053.5 Positive

Stocks above 200-day average 26.0% 30.0% Positive

Options: Put/call ratio 0.66 0.66 Neutral

Insiders: Vickers Sell/buy ratio 1.09 1.16 Positive

BEST-PERFORMING Last Last 12

GROUPS month% months%

Drug Chains 8.7 Specialty Appar. Retailers 78.5

Computer Systems 7.0 Drug Chains 72.7

Tobacco 6.0 Broadcasting 72.5

Food Chains 5.7 Drugs 67.1

Genl. Merchandise Chains 5.5 Genl. Merchandise Chains 65.2

WORST-PERFORMING Last Last 12

GROUPS month% months%

HMOs -41.9 Oil & Gas Drilling -57.0

Savings & Loans -22.2 Metals -54.2

Metals -19.3 Gold Mining -42.9

Shoes -19.2 Leisure Time -40.0

Leisure Time -18.9 Engineering & Constr. -37.8

BLOOMBERG MONEY FLOW ANALYSIS

Rebound ahead? Stocks with most 1-month

significant buying on price weakness Price change

Intel 84 27/64 -1 41/64

Citicorp 136 1/8 -31 1/2

America Online 110 3/4 -6 3/4

Merrill Lynch 86 5/16 -12 11/16

General Electric 90 5/16 -1 11/16

Lucent Technologies 87 -7 3/8

Decline ahead? Stocks with most 1-month

significant selling on price strength Price change

Cisco Systems 103 15/16 6 7/16

Dell Computer 124 13 3/4

Yahoo 97 1/2 2 29/32

American Home Products 58 5 3/4

Home Depot 45 3/8 1 1/2

Mobil 72 7/8 13/16

INTEREST RATES

Latest Week Year

KEY RATES week% ago% ago%

MONEY MARKET FUNDS 5.10 5.11 5.15

90-DAY TREASURY BILLS 5.05 5.07 5.28

6-MONTH BANK CDS 5.06 5.07 5.17

1-YEAR TREASURY BILLS 5.09 5.25 5.60

10-YEAR TREASURY NOTES 5.20 5.42 6.38

30-YEAR TREASURY BONDS 5.42 5.56 6.66

LONG-TERM AA INDUSTRIALS 6.21 6.27 7.15

LONG-TERM BBB INDUSTRIALS 6.69 6.81 7.53

LONG-TERM AA TELEPHONES 6.55 6.61 7.46

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 4.27% 4.38% 4.86% 4.93%

PERCENT OF TREASURIES 82.12 81.01 89.66 88.73

TAXABLE EQUIVALENT 6.19 6.35 7.04 7.14

INSURED REVENUE BONDS 4.44 4.53 5.06 5.15

PERCENT OF TREASURIES 85.39 83.78 93.35 92.69

TAXABLE EQUIVALENT 6.43 6.57 7.33 7.46X

MUTUAL FUNDS

EQUITY FUNDS

Leaders Laggards

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

Anchor Capital Accumulation 53.1 Lexington Troika Russia -49.4

Prudent Bear 7.4 Excelsior Latin America -29.3

ProFunds UltraBear Investor 6.0 Govett Latin America A -29.2

Fidelity Select Computers 4.3 AIM Latin American Grth. B -28.3

Comstock Part. Cap. Val. R 3.8 ABN AMRO Lat. Amer. Com. -28.0

Leaders Laggards

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

Anchor Capital Accumulation 73.7 Lexington Troika Russia -84.7

Weitz Hickory 51.3 Guinness Flgt. Asia Sm. Cap -72.2

Munder NetNet A 48.2 Lex. Crosby Sm. Cap Asia -70.7

Transamerica Prem. Sm. Co. 47.6 Montgomery Emerg. Asia R -69.6

Smith Barney Telecom. Inc. 47.0 U.S. Global Inv. China Reg. -69.0

EQUITY FUND CATEGORIES

Leaders Laggards

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

Utilities -2.1 Latin America -25.8

Domestic Hybrid -2.6 Diversified Emerging Mkts. -18.8

Large-cap Growth -3.5 Precious Metals -12.4

Technology -3.6 Small-cap Blend -9.8

Health -3.7 Natural Resources -9.8

Leaders Laggards

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

Communications 25.6 Pacific/Asia ex-Japan -55.9

Utilities 22.1 Precious Metals -45.2

Europe 20.3 Diversified Emerging Mkts. -43.3

Large-cap Growth 19.4 Diversified Pacific/Asia -42.8

Financial 16.5 Latin America -42.5

All data are as of market close Wednesday, Aug. 26, 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 Aug. 25. 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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