COMMENTARY
      Long-term interest rates kicked up. The gain was small, 0.10 percentage points, 
      but unwelcome nonetheless. Analysts attributed 
      it to an upward revision of the federal deficit--and concern about how Clinton 
      will deal with it. Also helping to push rates higher was 
      a heavy supply of new corporate and municipal bond offerings. Stocks sold off, 
      too, but most of the damage was in the Dow industrials. The broader S&P 
      500-stock index took a lesser hit, and small-cap stocks were barely touched at 
      all.
      
      
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