Investment Figures Of The Week

COMMENTARY
      The stock market began the year with a whimper. The Dow Jones industrial 
      average rang in 1993 by inching up 8 points, to 3309, on Jan. 4. Stocks 
      retreated during the succeeding two days. One reason for the malaise was the 
      chronically crummy performance of IBM, which continued to slide as investors 
      wagered that a dividend cut is in the offing. But small stocks--which 
      traditionally do well in January--rose slightly as the Dow stumbled. 
      Growth-stock funds led the mutual fund rankings.
      
      All data on this page are as of market close Wednesday, Jan. 6, 1993, unless 
      otherwise indicated. Industry groups include S&P 500 companies only; 
      performance and share prices are as of market close Jan. 5. Mutual fund returns 
      are as of Jan. 1. Relative portfolios are valued as of Jan. 5. A more detailed 
      explanation of this page is available on request.
      
      Market Analysis
                                                              % change
      U.S. STOCKS                              Latest     Week       52-week
      DOW JONES INDUSTRIALS                    3305.2     -0.2      3.2
      MIDSIZE COMPANIES (S&P MidCap Index)      159.2      0.2      6.7
      SMALL COMPANIES (Russell 2000)            221.6      2.2     11.9
      ALL COMPANIES (Russell 3000)              249.0     -0.4      5.5
      
                                                   % change (local currency)
      FOREIGN STOCKS                   Latest       Week     52-week
      LONDON (FINANCIAL TIMES 100)       2826.0     -0.8     14.5
      TOKYO (NIKKEI INDEX)             16,782.9     -2.9     -26.1
      TORONTO (TSE COMPOSITE)            3353.0      1.2     -4.6
      
      FUNDAMENTALS                     Latest     Week ago     Year ago
      90-DAY TREASURY BILL YIELD        3.16%      3.25%        3.83%
      30-YEAR TREASURY BOND YIELD       7.35%      7.36%        7.40%
      S&P 500 DIVIDEND YIELD            2.91%      2.82%        2.98%
      S&P 500 PRICE/EARNINGS RATIO     19.9       24.3         21.4
      
      TECHNICAL INDICATORS                          Latest     Week ago     Reading
      S&P 500 26-week moving average                421.4      420.3        Positive
      Stocks above 26-week moving average            64.6%      58.9%       Neutral
      Speculative sentiment: Put/call ratio           0.34       0.35       Neutral
      Insider sentiment: Vickers sell/buy ratio       2.63       2.56       Negative
      
      Industry Groups
      
                                % change                         % change
                               4-    52-   Strongest stock       4-    52-
      FOUR-WEEK LEADERS       week   week  in group             week   week  Price
      1 AEROSPACE AND DEFENSE  9.0    3.2  BOEING               14.7  -15.1  40
      2 INSTRUMENTATION        7.8   22.3  HEWLETT-PACKARD       8.9   24.2  70
      3 METAL AND GLASS
        CONTAINERS             7.3   22.1  CROWN CORK & SEAL     8.4   33.3  40 3/8
      4 LONG-DISTANCE
        TELECOMMUNICATIONS     7.3   27.8  AT&T                  8.2   29.7  51 3/8
      5 STEEL                  7.1   30.4  USX-U.S. STEEL GROUP  9.8   22.4  33 1/2
      
                                % change                         % change
                               4-    52-   Weakest stock         4-    52-
      FOUR-WEEK LAGGARDS      week   week  in group             week   week  Price
      1 COMPUTER SYSTEMS     -14.2  -31.9  IBM                 -25.8  -45.9  48 7/8
      2 TOBACCO               -9.5   -7.8  PHILIP MORRIS       -10.1   -7.5  73 1/2
      3 DRUGS                 -7.6  -24.1  PFIZER              -10.4  -16.4  69 7/8
      4 MEDICAL PRODUCTS
        AND SUPPLIES          -6.6  -15.5  BIOMET              -18.7  -49.2  15 1/4
      5 DIVERSIFIED                        AMERICAN
        HEALTH CARE           -6.4  -18.1  HOME PRODUCTS        -8.4  -19.7  66 3/4
      Data: BRIDGE INFORMATION SYSTEMS INC.
      
      Mutual Funds
      
      LEADERS                       LAGGARDS
      Four-week total return    %     Four-week total return                  %
      1 PBHG GROWTH          17.0     MASSACHUSETTS INVESTORS             -14.9
      2 COPLEY               11.6     NATIONAL INDUSTRIES                 -13.5
      3 ELFUN GLOBAL          7.1     LEXINGTON STRATEGIC INVESTMENTS     -10.5
      
      52-week total return      %     52-week total return                    %
      1 FIDELITY SELECT
        SAVINGS & LOAN       57.4     LEXINGTON STRATEGIC INVESTMENTS     -60.3
      2 OAKMARK              49.0     UNITED SERVICES GOLD SHARE    S     -51.0
      3 FIDELITY SELECT
        REGIONAL BANKS       48.4     VAN ECK INTERNATIONAL INVESTORS     -28.5
      Data: MORNINGSTAR INC.
      
      Relative Portfolios
      Dollar amounts             Treasury bonds     U.S. stocks     Money market fund
      represent the present       $11,031           $10,719         $10,282
      value of $10,000
      invested one year ago
      in each portfolio
      
      Percentages indicate       Treasury bonds     U.S. stocks     Money market fund
      five-day total returns     +0.73%             -1.10%          +0.05%
      
      Dollar amounts             Foreign stocks     Gold
      represent the present      $9,693             $9,279
      value of $10,000
      invested one year ago
      in each portfolio
      
      Percentages indicate       Foreign stocks     Gold
      five-day total returns     -0.86%             -1.17%
      Data: DATA RESOURCES INC.
      

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