Figures of the Week

Figures of the Week

COMMENTARY

On the first trading day of the millennium, Jan. 3, the Nasdaq rose 1.5%, to a

record 4131, led by tech shares. The S&P 500 and Dow both fell. But the next

day, the Nasdaq plunged 229 points, or 5.6%. The Dow fell 360 points, or 3.2%,

and the S&P 500 sank 56 points, or 3.8%. Tech shares led the route. Blame

interest-rate fears.

Data: Bloomberg Financial Markets

STOCKS

---------% change---------

Year-to Last 12

U.S. MARKETS Jan. 5 Week date months

Dow Jones Industrials 11,122.7 -3.2 -3.3 19.5

Nasdaq Composite 3877.6 -4.1 -4.7 72.2

Nasdaq 100 3507.3 -4.9 -5.4 84.3

S&P MidCap 400 426.4 -3.6 -4.1 9.2

S&P SmallCap 600 188.2 -3.7 -4.9 6.7

S&P SuperComposite 1500 294.9 -4.1 -4.5 12.2

S&P/BARRA Growth 844.4 -4.8 -4.8 20.0

S&P/BARRA Value 584.6 -3.5 -4.3 4.3

S&P Basic Materials 138.9 0.7 0.5 21.8

S&P Capital Goods 1042.4 -5.5 -6.1 17.9

S&P Energy 818.5 -2.1 -1.9 14.2

S&P Financials 121.0 -8.3 -9.0 -8.2

S&P REIT 72.7 -0.5 -1.3 -15.4

S&P Transportation 573.6 -3.7 -3.9 -15.5

S&P Utilities 229.4 1.7 1.0 -11.4

GSTI Internet 697.0 -4.1 -2.2 105.4

Morgan Stanley Cyclical 566.4 -2.3 -3.3 16.9

PSE Technology 910.0 -5.0 -6.4 96.7

-----------% change-----------

Year-to Last 12

GLOBAL MARKETS Jan. 5 Week date months

S&P Euro Plus 1450.1 -4.6 -6.6 11.5

London (FT-SE 100) 6535.9 -3.6 -5.7 9.7

Frankfurt (DAX) 6502.1 -5.2 -6.6 23.8

Tokyo (NIKKEI 225) 18,542.6 0.0 -2.1 40.1

Hong Kong (Hang Seng) 15,846.7 -6.4 -6.6 60.2

Toronto (TSE 300) 8119.4 -3.9 -3.5 21.9

Mexico City (IPC) 6764.3 -3.5 -5.1 79.9

Week Year

FUNDAMENTALS Jan. 4 ago ago

S&P 500 Dividend Yield 1.20% 1.15% 1.27%

S&P 500 P/E Ratio (Trailing 12 mos.) 31.1 32.4 32.6

S&P 500 P/E Ratio (Next 12 mos.)* 24.0 25.4 24.2

First Call Earnings Surprise* 19.18% 4.79% 9.99%

*First Call Corp.

Week

TECHNICAL INDICATORS Jan. 4 ago Reading

S&P 500 200-day average 1431.1 1342.8 Positive

Stocks above 200-day average 25.0% 27.0% Positive

Options: Put/call ratio 0.46 0.45 Negative

Insiders: Vickers Sell/buy ratio 0.66 0.61 Positive

BEST-PERFORMING Last Last 12

GROUPS month% months%

Metals 28.2 Instrumentation 113.8

Health-Care Services 21.9 Aluminum 97.6

Aluminum 19.7 Communications Equip. 96.3

nstrumentation 14.6 Metals 81.3

Pollution Control 11.0 Semiconductors 73.4

WORST-PERFORMING Last Last 12

GROUPS month% months%

Major Regional Banks -19.1 Pollution Control -59.0

Money Center Banks -17.2 Tobacco -52.9

Savings & Loans -16.2 Office Equip. & Supplies -51.5

Toys -14.8 Manufactured Housing -43.7

Soft Drinks -13.5 Specialty Printing -41.1

MUTUAL FUNDS

EQUITY FUND CATEGORIES

Leaders Laggards

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

Diversified Emerging Mkts. 13.8 Financial -7.4

Diversified Pacific/Asia 12.1 Large-cap Value -2.7

Pacific/Asia ex-Japan 11.5 Utilities -1.1

Technology 8.3 Mid-cap Value -1.0

Japan 7.8 Domestic Hybrid -0.5

Leaders Laggards

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

Technology 127.5 Financial -8.3

Japan 117.7 Real Estate -6.6

Diversified Pacific/Asia 98.8 Precious Metals -0.1

Pacific/Asia ex-Japan 79.4 Small-cap Value 0.4

Diversified Emerging Mkts. 71.3 Large-cap Value 1.6

INTEREST RATES

Week Year

KEY RATES Jan. 5 ago ago

MONEY MARKET FUNDS 5.39% 5.39% 4.75%

90-DAY TREASURY BILLS 5.43 5.23 4.47

1-YEAR TREASURY BILLS 6.04 5.93 4.53

10-YEAR TREASURY NOTES 6.60 6.40 4.73

30-YEAR TREASURY BONDS 6.62 6.45 5.17

30-YEAR FIXED MORTGAGE! 8.16 8.10 6.84

!BanxQuote, Inc.

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

GENERAL OBLIGATIONS 5.13% 5.90%

TAXABLE EQUIVALENT 7.43 8.55

INSURED REVENUE BONDS 5.33 6.21

TAXABLE EQUIVALENT 7.72 9.00

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