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Investment Figures Of The Week


Investment Figures of the Week

Investment Figures of the Week

STOCKSCOMMENTARYU.S. stocks bounced back smartly from the lows of last week in thewake of newsthat the G-7 would move to spur world growth. Financial stocks led the charge.The battered Latin equity markets soared after President Clinton called forthe developed countries to help emerging nations. On Tuesday alone theBrazilian Bovespa jumped 18.7%, while the Mexican Bolsa sprinted 12.9%.Interest rates declined, and the yield on jumbo six-month CDs dropped below 5%for the first time in nearly two years.

% change

U.S. MARKETS Latest Week Year

Dow Jones Industrials 8089.8 2.9 2.6

NASDAQ Combined Composite 1689.9 4.0 1.4

S&P MidCap 400 311.8 4.2 -5.6

S&P SmallCap 600 152.1 2.7 -17.5

S&P SuperComposite 1500 220.0 3.9 8.0

% change

SECTORS Latest Week Year

Bloomberg Information Age 352.3 4.7 18.7

S&P Financials 115.7 8.2 3.9

S&P Utilities 249.2 4.9 21.0

PSE Technology 321.2 3.9 -3.8

% change

FOREIGN MARKETS Latest Week Year

London (FT-SE 100) 5291.7 -0.4 5.6

Frankfurt (DAX) 4858.0 -3.6 21.1

Tokyo (NIKKEI 225) 14,197.7 -3.8 -19.7

Hong Kong (Hang Seng) 7860.7 -0.6 -45.5

Toronto (TSE 300) 5906.1 0.6 -14.4

Mexico City (IPC) 3414.7 7.8 -31.8

Week Year

FUNDAMENTALS Latest ago ago

S&P 500 Dividend Yield 1.52% 1.54% 1.60%

S&P 500 P/E Ratio (Last 12 mos.) 24.7 24.3 23.9

S&P 500 P/E Ratio (Next 12 mos.)* 19.9 19.5 18.9

First Call Earnings Revision* -5.20% -4.69% -0.98%

Week

TECHNICAL INDICATORS Latest ago Reading

S&P 500 200-day average 1062.0 1061.0 Negative

Stocks above 200-day average 18.0% 18.0% Positive

Options: Put/call ratio 0.73 0.72r Positive

Insiders: Vickers Sell/buy ratio 0.80 0.98 Positive

BEST-PERFORMING Last Last 12

GROUPS month% months%

HMOs 16.2 Broadcasting 67.3

Oil Exploration & Prod. 10.0 Drugs 52.1

Gold Mining 9.8 Drug Chains 50.2

Engineering & Constr. 8.6 Communications Equip. 46.4

Oil & Gas Drilling 8.2 Specialty Appar. Retailers 45.5

WORST-PERFORMING Last Last 12

GROUPS month% months%

Machine Tools -24.5 Oil & Gas Drilling -54.7

Hotels & Motels -22.8 Metals -48.5

Invest. Banking/Brkrge. -22.5 Leisure Time -45.9

Cosmetics -20.2 Steel -41.6

Defense Electronics -19.2 Machine Tools -37.6

BLOOMBERG MONEY FLOW ANALYSIS

Rebound ahead? Stocks with most 1-month

significant buying on price weakness Price change

Intel 85 15/16 -3 5/8

Citicorp 103 7/8 -39 7/8

America Online 97 1/2 -6 15/16

BankAmerica 62 13/16 -19 5/16

Telebras-ADR 72 1/8 -22 1/8

Merrill Lynch 59 1/16 -29 7/16

Decline ahead? Stocks with most 1-month

significant selling on price strength Price change

Dell Computer 59 7/8 4 19/32

Microsoft 108 5/16 1

Northwest Airlines 30 13/16 13/16

American Home Products 55 7/8 3 7/8

Viacom-B 62 1/2 1 1/4

DuPont 59 3/16 4 1/8

INTEREST RATES

Latest Week Year

KEY RATES week% ago% ago%

MONEY MARKET FUNDS 5.09 5.10 5.15

90-DAY TREASURY BILLS 4.72 4.88 5.10

6-MONTH BANK CDS 4.97 5.05 5.17

1-YEAR TREASURY BILLS 4.77 4.81 5.46

10-YEAR TREASURY NOTES 4.87 4.95 6.10

30-YEAR TREASURY BONDS 5.22 5.28 6.39

LONG-TERM AA INDUSTRIALS 6.21 6.27 6.90

LONG-TERM BBB INDUSTRIALS 6.91 6.80 7.27

LONG-TERM AA TELEPHONES 6.67 6.53 7.18

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 4.22% 4.24% 4.88% 4.88%

PERCENT OF TREASURIES 86.64 86.05 93.41 92.67

TAXABLE EQUIVALENT 6.12 6.14 7.07 7.07

INSURED REVENUE BONDS 4.37 4.41 5.05 5.04

PERCENT OF TREASURIES 89.72 89.50 96.66 95.71

TAXABLE EQUIVALENT 6.33 6.39 7.32 7.30

MUTUAL FUNDS

EQUITY FUNDS

Leaders Laggards

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

Guinness Mainland China 24.1 American Heritage

-33.3

Prudent Bear 22.1 Montgomery Latin Amer.R

-33.3

Newport Greater China A 13.0 Lexington Troika Russia

-30.8

U.S. Global Inv. China Reg. 12.0 Vontobel Eastern Europ. Eq.

-30.4

Lexington Strat. Invmnts. 10.6 Excelsior Latin America

-29.8

Leaders Laggards

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

Smith Barney Telecomm. Inc. 47.7 Lexington Troika Russia

-87.8

Janus Twenty 36.0 Matthews Korea I

-67.5

Flag Investors Communs. A 33.8 Guinness Flgt. Asia Sm. Cap

-67.5

Fidelity Select Health Care 33.4 Lex. Crosby Sm. Cap Asia

-65.6

Icon Telecomms. & Utilities 33.3 Montgomery Emerg. Asiar

-65.1

EQUITY FUND CATEGORIES

Leaders Laggards

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

Precious Metals 6.6 Latin America

-22.0

Pacific/Asia ex-Japan 3.6 Small-cap Growth

-14.4

Natural Resources -0.7 Diversified Emerging Mkts.

-13.6

Diversified Pacific/Asia -1.2 Small-cap Blend

-13.3

Japan -1.8 Real Estate

-12.8

Leaders Laggards

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

Utilities 17.3 Pacific/Asia ex-Japan

-52.6

Communications 14.9 Latin America

-48.4

Europe 11.7 Diversified Emerging Mkts.

-46.4

Large-cap Growth 11.0 Diversified Pacific/Asia

-40.7

Large-cap Blend 7.9 Precious Metals

-36.0

All data are as of market close Wednesday, Sept. 16, 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 Sept. 15. For a more detailed explanation, write to us or E-mail

figures@businessweek.com. r=revised **Vanguard Index 500 Fund

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