Takeover stocks accelerated and auto stocks sputtered, but the broad market remained in a narrow trading range. Friday's stronger-than-expected employment report added to fears that the Aug. 16 Fed policymaking committee meeting will bring the fifth interest-rate hike so far this year. Bond prices fell, sending the yield on the 30-year Treasury to 7.57%. Meanwhile, the dollar strengthened at the prospect of rising rates and an improved outlook for trade talks between the U.S. and Japan. All data on this page are as of market close Wednesday, Aug. 10, 1994, unless otherwise indicated. Industry groups include S&P 500 companies only; performance and share prices are as of market close Aug. 9. Mutual fund returns are as of Aug. 5. Relative portfolios are valued as of Aug. 9. A more detailed explanation of this page is available on request.
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