Investment Figures Of The Week

COMMENTARY

Strong demand for Treasuries shored up the bond market, and long-term

interest rates eased, heading back down toward 7%. That helped the blue-chip

stocks regain some lost ground. Even with June 26's drop of 37 points in the

Dow, the average finished in the plus column for the week. But the

over-the-counter market continued to sell off, especially tech issues. The

Nasdaq Composite Index dropped another 2.2%. Since hitting its high three weeks

ago, the Nasdaq index has lost 7.7% of its value.

MARKET ANALYSIS

Investment Figures of the Week
      
                                                                % change
      U.S. STOCKS                                Latest      Week      52-week
      DOW JONES INDUSTRIALS                      5682.7       0.6       24.7
      MIDSIZE COMPANIES (S&P MidCap Index)       231.2       -2.3       17.9
      SMALL COMPANIES (Russell 2000)             339.8       -2.1       21.4
      ALL COMPANIES (Russell 3000)               378.0       -0.2       22.1
      
                                                    % change (local currency)
      FOREIGN STOCKS                        Latest      Week      52-week
      LONDON (FINANCIAL TIMES 100)          3695.5       -1.5       12.6
      TOKYO (NIKKEI INDEX)                  22,666.8      1.3       55.1
      TORONTO (TSE COMPOSITE)               5027.7       -0.9       11.0
      
      FUNDAMENTALS                           Latest    Week Ago    Year Ago
      90-DAY TREASURY BILL YIELD             5.22%       5.23%       5.55%
      30-YEAR TREASURY BOND YIELD            7.04%       7.11%       6.51%
      S&P 500 DIVIDEND YIELD                 2.15%       2.16%       2.45%
      S&P 500 PRICE/EARNINGS RATIO           19.1        19.1        16.8
      
      TECHNICAL INDICATORS                         Latest   Week ago   Reading
      S&P 500 200-day moving average               627.3    625.0      Positive
      Stocks above 200-day moving average          59.0%    59.0%r     Neutral
      Speculative sentiment: Put/call ratio        0.68     0.72r      Neutral
      Insider sentiment: Vickers sell/buy ratio    2.49     2.31       Neutral
      
      DATA: BLOOMBERG FINANCIAL MARKETS
      
      INDUSTRY GROUPS
                             % change                         % change
                            1-    12-  Strongest stock       1-    12-
      ONE-MONTH LEADERS   month month  in group              month month Price
      MANUFACTURED HOUSING  8.3  49.3  FLEETWOOD ENTERPRISES  8.3  51.5 30 7/8
      PHOTOGRAPHY/IMAGING   4.0  26.2  POLAROID               4.2  7.6  46 1/8
      OIL EXPLORATION AND   3.8  14.2  BURLINGTON RESOURCES   10.1 13.1 42 1/8
       PRODUCTION
      SPECIALTY RETAILERS   3.8  26.1  CIRCUIT CITY STORES    14.3 12.5 36
      HOUSEHOLD PRODUCTS    3.4  27.7  COLGATE-PALMOLIVE      6.5  14.4 85 5/8
      
                             % change                       % change
                           1-    12-   Weakest stock       1-     12-
      ONE-MONTH LAGGARDS   month month in group           month  month Price
      GOLD MINING          -10.9  5.1  ECHO BAY MINES     -12.6   16.1 11 1/4
      FURNISHINGS AND      -10.5  3.2  WHIRLPOOL          -14.5  -10.8 48 3/4
       APPLIANCES
      COMPUTER SYSTEMS     -9.5   8.4  APPLE COMPUTER     -22.9  -57.7 20 5/8
      TRUCKING             -8.9  -13.6 CALIBER SYSTEM     -10.7  -17.4 34 3/8
      OIL AND GAS DRILLING -8.9   53.3 ROWAN              -9.9    91.9 14 7/8
      
      MORNINGSTAR INC.
      
      MUTUAL FUNDS
      
      LEADERS                            LAGGARDS
      Four-week total return      %      Four-week total return          %
      VONTOBEL EASTERN EUROPEAN  7.1     STEADMAN TECHNOLOGY GROWTH    -17.4
       EQUITY
      WARBURG PINCUS ADVISOR     4.3     PREMIER STRATEGIC GROWTH      -15.8
       JAPAN GROWTH
      EV TRADITIONAL GREATER     4.2     WASATCH MID-CAP               -14.2
       INDIA
      
      52-week total return        %      52-week total return            %
      LANDMARK SMALL CAP        96.8     STEADMAN TECHNOLOGY GROWTH    -30.6
       EQUITY A
      TURNER SMALL CAP EQUITY   67.2     STEADMAN AMERICAN INDUSTRY    -20.0
      FRANKLIN GLOBAL HEALTH    64.8     STEADMAN INVESTMENT           -17.3
       CARE
      
      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. stocks  Foreign stocks  Money market fund   Gold   Treasury bonds
        $12,562       $11,826       $10,534            $10,272     $9,931
        +0.97%        -0.31%        +0.11%             +0.26%      +0.51%
      
      All data on this page are as of market close Wednesday, June 26, 1996, unless 
      otherwise indicated. Industry groups include S&P 500 companies only; 
      performance and share prices are as of market close June 25. Mutual fund 
      returns are as of June 21. Relative portfolios are valued as of June 25. A more 
      detailed explanation of this page is available on request. r=revised
      
      
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