COMMENTARY
      Another interest-rate cut in the offing? Investors are betting the signs of 
      sluggishness in the economy will prompt the Federal Reserve to lower rates 
      later this month--a big plus for stocks. The Dow industrials closed above 4683 
      on Sept. 6, the highest level in nearly four weeks. But the most dramatic 
      action was in the broader indexes: The S&P 500, the S&P MidCap 400, and the 
      Russell 2000 all made new highs, helped in large part by renewed strength in 
      technology stocks.
      
      MARKET ANALYSIS
      
                                                         % change
      U.S. STOCKS                           Latest   Week      52-week
      DOW JONES INDUSTRIALS                 4683.8   1.7       20.5
      MIDSIZE COMPANIES (S&P MidCap Index)  215.4    2.8       21.7
      SMALL COMPANIES (Russell 2000)        310.6    2.4       20.9
      ALL COMPANIES (Russell 3000)          329.4    1.9       21.6
      
                                             % change (local currency)
      FOREIGN STOCKS                        Latest   Week      52-week
      LONDON (FINANCIAL TIMES 100)          3557.7   1.5       11.0
      TOKYO (NIKKEI INDEX)                  17,620.4 -2.0      -12.0
      TORONTO (TSE COMPOSITE)               4572.1   0.9       5.4
      
      FUNDAMENTALS                          Latest   Week ago  Year ago
      90-DAY TREASURY BILL YIELD            5.48%    5.44%     4.65%
      30-YEAR TREASURY BOND YIELD           6.59%    6.69%     7.56%
      S&P 500 DIVIDEND YIELD                2.37%    2.40%     2.70%
      S&P 500 PRICE/EARNINGS RATIO          16.4     16.2      18.7
      
      TECHNICAL INDICATORS                  Latest   Week ago  Reading
      S&P 500 200-day moving average        508.8    506.7     Positive
      Stocks above 200-day moving average   76.0%    74.0%     Negative
      Speculative sentiment: Put/call ratio 0.53     0.60r     Negative
      Insider sentiment: Vickers
      sell/buy ratio                        2.35     2.39      Neutral
      
      BLOOMBERG FINANCIAL MARKETS
      
      INDUSTRY GROUPS
      
                          % change                    % change
      ONE-MONTH LEADERS  1-    12-   Strongest stock 1-    12-
                         month month in group        month month  Price
      1 COMMUNICATIONS   11.7  68.9  CISCO SYSTEMS   25.6  174.6  68 1/8
        EQUIPMENT
      2 OIL AND GAS      10.2  10.7  ROWAN           17.5   11.7   8 3/8
        DRILLING
      3 HEALTH-CARE       9.9  31.3  AMGEN           16.9   80.8  48 7/8
        SERVICES
      4 PERSONAL LOANS    9.9  36.5  HOUSEHOLD       10.4   46.0  57 1/8
                                     INTERNATIONAL
      5 AUTOMOBILES       8.6   6.9  CHRYSLER        15.1   17.8  57 1/8
      
                           % change                    % change
      ONE-MONTH LAGGARDS  1-    12-   Weakest stock   1-    12-
                          month month in group        month month  Price
      1 ENTERTAINMENT     -4.2  22.3  KING WORLD      -8.3  1.3    38 5/8
                                      PRODUCTIONS
      2 COSMETICS         -4.1  17.7  INTL. FLAVORS   -9.2   12.3  47 7/8
                                      & FRAGRANCES
      3 SPECIALTY APPAREL -3.8 -16.0  THE LIMITED     -6.1   -9.5  19 1/8
        RETAILERS
      4 DIVERSIFIED       -3.5  20.4  ENGELHARD       -9.7   54.2  27 7/8
        CHEMICALS
      5 SHOES             -3.1  15.2  BROWN GROUP    -31.5  -53.7  17 1/8
      
      MORNINGSTAR INC.
      
      MUTUAL FUNDS
      
      LEADERS                             LAGGARDS
      Four-week total return       %      Four-week total return   %
      1 FIDELITY SELECT           9.5     WRIGHT                 -6.4
        HOME FINANCE                      EQUIFUND-SPAIN
      2 WARBURG PINCUS            9.3     AMERICAN               -5.8
        JAPAN OTC                         HERITAGE
      3 STEADMAN                  7.2     ROBERTSON STEPHENS     -5.7
        OCEANOGRAPHIC TECHNOLOGY          DEVELOP. COUNTRIES
      
      52-week total return         %      52-week total return     %
      1 SELIGMAN COMMUNICATIONS  93.2     WRIGHT                -47.6
        & INFORM. A                       EQUIFUND-MEXICO
      2 FIDELITY SELECT          92.0     BT INVESTMENT LATIN   -36.6
        ELECTRONICS                       AMERICAN EQUITY
      3 GOVETT SMALLER           86.2     HERCULES LATIN        -35.2
        COMPANIES A                       AMERICAN VALUE
      
      DRI/McGRAW-HILL
      
      RELATIVE PORTFOLIOS
      
      Dollar amounts represent the present value of $10,000 invested one year ago in 
      each portfolio
      
      Percentages indicate five-day total returns
      
            U.S.       Treasury    Foreign    Money
            stocks     bonds       stocks     market fund    Gold
            $12,415    $12,045     $10,949    $10,536        $9,898
            +1.81%     +1.92%      0.00%      +0.12%         -0.94%
      
      All data on this page are as of market close Wednesday, Sept. 6, 1995, unless 
      otherwise indicated. Industry groups include S&P 500 companies only; 
      performance and share prices are as of market close Sept. 5. Mutual fund 
      returns are as of Sept. 1. Relative portfolios are valued as of Sept. 5. A more 
      detailed explanation of this page is available on request. r=revised NA=Not 
      available
      
Before it's here, it's on the Bloomberg Terminal. LEARN MORE