Investment Figures Of The Week
COMMENTARY Worried about the high level of U.S. stock prices, investors cashed in some profits. The Dow industrials fell 42 points, or 1.2%, from a high on June 3. The broader S&P 500-stock index took an even bigger hit, down 1.8%, and small-cap issues were off 1.9%. Profit-taking hurt some of the market's darlings, like gaming and high-tech issues. The selling was attributed in part to nervousness about upcoming inflation reports. However, the bond market, which is even warier of inflation, ended the week little changed. All data on this page are as of market close Wednesday, June 9, 1993, unless otherwise indicated. Industry groups include S&P 500 companies only; performance and share prices are as of market close June 8. Mutual fund returns are as of June 4. Relative portfolios are valued as of June 8. A more detailed explanation of this page is available on request.
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