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Investment Figures Of The Week


Investment Figures of the Week

Investment Figures of the Week

COMMENTARY

A desultory, seesaw week in the financial markets. U.S. stocks rose on Feb. 22, with the Dow Jones industrial average climbing 212 points. Stocks were bolstered by takeover speculation, spurred by the acquisition of Sundstrand by United Technologies. But the market fell on Feb. 23, after Federal Reserve Chairman Alan Greenspan signaled that interest rates may be heading higher. Bond prices fell in reaction, but the dollar, which had climbed against the yen in recent weeks, held steady.

STOCKS % change

U.S. MARKETS Latest Week Year

Dow Jones Industrials 9399.7 2.2 11.1

NASDAQ Combined Composite 2339.4 4.0 32.4

S&P MidCap 400 361.5 1.8 3.2

S&P SmallCap 600 162.0 1.6 -15.9

S&P SuperComposite 1500 262.3 2.3 17.2

% change

SECTORS Latest Week Year

Bloomberg Information Age 509.4 4.0 53.9

S&P Financials 132.9 2.1 5.9

S&P Utilities 240.6 0.4 3.5

PSE Technology 486.3 5.2 44.3

% change

FOREIGN MARKETS Latest Week Year

London (FT-SE 100) 6307.6 3.8 9.8

Frankfurt (DAX) 5062.3 5.2 9.2

Tokyo (NIKKEI 225) 14,355.5 1.4 -12.3

Hong Kong (Hang Seng) 9677.6 2.9 -11.1

Toronto (TSE 300) 6339.4 0.2 -9.5

Mexico City (IPC) 4269.1 4.7 -9.9

Week Year

FUNDAMENTALS Latest ago ago

S&P 500 Dividend Yield 1.25% 1.28% 1.48%

S&P 500 P/E Ratio (Last 12 mos.) 33.3 32.8 25.2

S&P 500 P/E Ratio (Next 12 mos.)* 24.3 23.8 20.1

First Call Earnings Revision* -2.09% -1.78% -2.77%

Week

TECHNICAL INDICATORS Latest ago Reading

S&P 500 200-day average 1129.5 1126.1 Positive

Stocks above 200-day average 31.0% 29.0% Positive

Options: Put/call ratio 0.61 0.55 Neutral

Insiders: Vickers Sell/buy ratio 1.31 1.39 Positive

Data: Bloomberg Financial Markets; *First Call Corp.

BEST-PERFORMING Last Last 12

GROUPS month% months%

Shoes 28.6 Communications Equip. 84.3

Transportation Services 20.5 Specialty Appar. Retailers 79.0

Toys 16.7 Broadcasting 72.9

Insurance Brokers 16.4 Long-Dist. Telecomms. 70.1

Restaurants 14.8 Computer Systems 69.4

WORST-PERFORMING Last Last 12

GROUPS month% months%

Metal & Glass Containers -17.6 Oil & Gas Drilling -57.0

Engineering & Constr. -14.6 Machine Tools -40.9

Oil & Gas Drilling -13.3 Metal & Glass Containers -37.9

Hardware & Tools -13.3 Oil Exploration & Prod. -37.4

Furnishings & Appliances -13.0 Hospital Management -36.0

BLOOMBERG MONEY FLOW ANALYSIS

Rebound ahead? Stocks with most 1-month

significant buying on price weakness Price change

IBM 176 15/16 -5 1/16

Airtouch Communications 94 1/4 - 3/4

Vodafone Group-ADR 188 7/16 -2 3/16

Exxon 67 3/4 -4 1/4

Motorola 69 3/8 - 3/8

DaimlerChrysler 96 3/4 -6 1/8

Decline ahead? Stocks with most 1-month

significant selling on price strength Price change

Dell Computer 87 1/16 2 3/16

Intel 134 1/4 3 5/8

MCI WorldCom 83 15/16 6 1/4

Sun Microsystems 104 11/16 3 5/8

Oracle 58 1/2 7 7/16

eBay 282 5/8 65 1/8

INTEREST RATES

Latest Week Year

week% ago% ago%

MONEY MARKET FUNDS 4.54 4.57 5.14

90-DAY TREASURY BILLS 4.65 4.52 5.31

6-MONTH BANK CDS 4.33 4.33 5.03

1-YEAR TREASURY BILLS 4.81 4.69 5.43

10-YEAR TREASURY NOTES 5.17 4.98 5.63

30-YEAR TREASURY BONDS 5.51 5.32 5.93

LONG-TERM AA INDUSTRIALS 6.40 6.21 6.54

LONG-TERM BBB INDUSTRIALS 7.16 6.99 6.95

LONG-TERM AA TELEPHONES 6.59 6.38 6.83

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 4.13% 4.07% 4.92% 4.86%

PERCENT OF TREASURIES 79.84 81.93 89.36 91.59

TAXABLE EQUIVALENT 5.99 5.90 7.13 7.04

INSURED REVENUE BONDS 4.25 4.20 5.16 5.11

PERCENT OF TREASURIES 82.16 84.55 93.72 96.30

TAXABLE EQUIVALENT 6.16 6.09 7.48 7.41

Leaders Laggards

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

IAI Value 22.0 State St. Res. Glob. Res. C -14.1

Lexington Troika Russia 19.4 Seligman Frontier B -13.6

Wright EquiFund-Mexico 15.7 Perkins Opportunity -11.7

Van Kampen Lat, American A 11.7 Galaxy Sm. Co. Eq. Retl. A -11.6

Warburg Adv. Japan Sm. Co. 11.6 Oak Hall Sm. Cap Contrar. -11.6

Leaders Laggards

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

Internet 288.6 Lexington Troika Russia -76.7

Amerindo Technology D 148.2 American Heritage -57.3

ProFunds UltraOTC Inv. 136.0 State St. Res. Glob. Res. B -56.9

Munder NetNet A 127.5 Offitbank Latin Amer. Sel. -51.8

Grand Prix 122.9 Excelsior Latin America -51.0

EQUITY FUND CATEGORIES

Leaders Laggards

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

Latin America 9.2 Small-cap Blend -6.1

Financial 2.3 Small-cap Growth -5.9

Large-cap Growth 1.9 Small-cap Value -5.9

Large-cap Blend 1.2 Natural Resources -3.5

Health 0.8 Pacific/Asia ex-Japan -3.4

Leaders Laggards

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

Technology 48.1 Latin America -39.3

Communications 44.5 Diversified Emerging Mkts. -28.9

Large-cap Growth 31.2 Natural Resources -26.8

Large-cap Blend 17.0 Pacific/Asia ex-Japan -17.9

Utilities 13.6 Real Estate -17.8

All data are as of market close Wednesday, Feb. 17, 1999, 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 Feb. 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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