COMMENTARY
      Interest-rate worries continue to keep a damper on Wall Street. Long-term 
      Treasury bonds, north of 6% for several weeks now, were joined by the 10-year 
      bonds. That put pressure on the Dow Industrials, which gave up 1.1% for the 
      week. Tech stocks provided some upside relief. The broadly based PSE 
      Technology Index gained 2.8%, and the zippier GSTI Internet Index jumped 9.4%.
      Data: Bloomberg Financial Markets
      
      STOCKS
                                                                    % CHANGE
      U.S. MARKETS                                    JUNE 23     WEEK     YEAR
      Dow Jones Industrials                          10,666.9     -1.1     20.8
      NASDAQ Composite                                 2598.1      3.2     40.9
      NASDAQ 100                                       2239.3      3.3     71.9
      S&P MidCap 400                                    411.6      1.4     15.7
      S&P SmallCap 600                                  180.6      1.3     -3.2
      S&P SuperComposite 1500                           280.7      0.3     18.0
      
                                                                    % CHANGE
      SECTORS                                         JUNE 23     WEEK     YEAR
      S&P/BARRA Growth                                  741.9      1.1     24.3
      S&P/BARRA Value                                   610.8     -0.8     13.0
      S&P Basic Materials                               135.2     -2.1      6.1
      S&P Capital Goods                                1001.8     -0.1     18.7
      S&P Energy                                        846.0     -2.2     11.0
      S&P Financials                                    140.7      0.2      5.8
      S&P REIT                                           85.9     -1.7    -14.2
      S&P Transportation                                736.5     -0.8      7.5
      S&P Utilities                                     265.6     -1.6      8.7
      GSTI Internet                                     478.5      9.4    215.7
      Morgan Stanley Cyclical                           596.2     -0.2     17.6
      PSE Technology                                    582.0      2.8     72.4
      
                                                                    % CHANGE
      GLOBAL MARKETS                                  JUNE 23     WEEK     YEAR
      S&P Euro Plus                                    1331.3      0.6      4.9
      London (FT-SE 100)                               6496.5     -0.1     12.6
      Frankfurt (DAX)                                  5399.1      0.3     -6.1
      Tokyo (NIKKEI 225)                             17,586.8      2.2     16.8
      Hong Kong (Hang Seng)                          13,976.0      6.2     70.0
      Toronto (TSE 300)                                6937.0      0.2     -3.3
      Mexico City (IPC)                                5637.4      0.2     28.5
      
                                                                 WEEK     YEAR
      FUNDAMENTALS                                    JUNE 22     AGO      AGO
      S&P 500 Dividend Yield                             1.21%    1.24%    1.40%
      S&P 500 P/E Ratio (Trailing 12 mos.)               33.6     33.0     26.3
      S&P 500 P/E Ratio (Next 12 mos.)*                  24.2     23.7     21.7
      First Call Earnings Revision*                     -1.75%   -1.07%   -1.27%
      *First Call Corp.
                                                                  WEEK
      TECHNICAL INDICATORS                            JUNE 22     AGO     READING
      S&P 500 200-day average                          1214.4   1205.7    Positive
      Stocks above 200-day average                       57.0%    56.0%   Neutral
      Options: Put/call ratio                            0.44     0.55    Negative
      Insiders: Vickers Sell/buy ratio                   1.51     1.23    Positive
      
      BEST-PERFORMING             LAST                                    LAST 12
      GROUPS                      MONTH%                                  MONTHS%
      Communications Equip.        9.5           Communications Equip.      83.7
      Specialty Appar. Retailers   8.5           Semiconductors             79.1
      Engineering & Constr.        7.1           Computer Systems           78.7
      Semiconductors               6.0           Broadcasting               65.0
      Tobacco                      6.0           Long-Dist. Telecomms.      57.9
      
      WORST-PERFORMING            LAST                                    LAST 12
      GROUPS                      MONTH%                                  MONTHS%
      Hospital Management        -15.2           Manufactured Housing      -36.1
      Apparel Manufacturing      -14.5           Apparel Manufacturing     -33.5
      Cosmetics                  -12.4           Metal & Glass Containers  -27.7
      Invest. Banking/Brkrge.     -9.8           Hospital Management       -24.7
      Automobiles                 -9.6           Food Wholesalers          -22.4
      
      MUTUAL FUNDS
      EQUITY FUND CATEGORIES
      LEADERS                                    LAGGARDS
      FOUR-WEEK TOTAL RETURN           %         FOUR-WEEK TOTAL RETURN       %
      Pacific/Asia ex-Japan          16.5        Precious Metals            -4.6
      Japan                          13.9        Real Estate                -1.4
      Diversified Pacific/Asia       13.9        Domestic Hybrid             1.5
      Diversified Emerging Mkts.     12.3        International Hybrid        1.7
      Technology                     11.4        Mid-cap Value               2.1
      
      LEADERS                                    LAGGARDS
      52-WEEK TOTAL RETURN             %         52-WEEK TOTAL RETURN           %
      Technology                     71.5        Precious Metals            -8.9
      Pacific/Asia ex-Japan          69.8        Small-cap Value            -5.3
      Diversified Pacific/Asia       51.6        Latin America              -4.0
      Communications                 51.1        Real Estate                -4.0
      Japan                          48.3        Europe                     -2.1
      
      INTEREST RATES
                                                                WEEK     YEAR
      KEY RATES                                    JUNE 23       AGO      AGO
      MONEY MARKET FUNDS                            4.46%       4.45%    5.09%
      90-DAY TREASURY BILLS                         4.71        4.67     5.04
      1-YEAR TREASURY BILLS                         5.16        5.00     5.41
      10-YEAR TREASURY NOTES                        6.03        5.94     5.46
      30-YEAR TREASURY BONDS                        6.14        6.08     5.66
      30-YEAR FIXED MORTGAGE*******                 7.72        7.69     7.05
      
      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                             4.78%               5.25%
      TAXABLE EQUIVALENT                              6.93                7.61
      INSURED REVENUE BONDS                           4.91                5.49
      TAXABLE EQUIVALENT                              7.12                7.96
      *******BanxQuote, Inc.
      
      
Before it's here, it's on the Bloomberg Terminal. LEARN MORE