Investment Figures Of The Week

STOCKS

The U.S. financial markets were clouded by interest-rate worries. Concern

about rising rates sent 30-year bond rates climbing 10 basis points, to 6.05%,

on Apr. 27. That led to a sell-off in stocks. The Dow Jones industrial average

fell 147 points, its worst loss since Jan. 9. Interest-rate sensitive stocks,

such as banks and homebuilders, led the decline, which was sparked by fear

that the Federal Reserve may raise rates. NASDAQ stocks were especially hard

hit. Stocks staged a mild recovery on Apr. 29.

Investment Figures of the Week
Investment Figures of the Week
                                                   % change
      U.S. MARKETS                 Latest       Week      Year
      Dow Jones Industrials        8951.5      -2.5       27.7
      NASDAQ Combined Composite    1851.6      -3.4       46.9
      S&P MidCap 400                370.5      -2.7       44.1
      S&P SmallCap 600              199.3      -3.2       43.7
      S&P SuperComposite 1500       234.9      -3.1       37.6
      
                                                   % change
      SECTORS                     Latest       Week      Year
      Bloomberg Information Age    345.1       -2.7      41.1
      S&P Financials               132.4       -5.3      45.6
      S&P Utilities                236.1       -2.3      26.9
      PSE Technology               356.3       -1.2      42.4
      
                                              % change
      FOREIGN MARKETS         Latest        Week     Year
      London (FT-SE 100)       5833.1      -1.7      31.5
      Frankfurt (DAX)          5108.5      -4.7      48.6
      Tokyo (NIKKEI 225)     15,395.4      -2.3     -19.6
      Hong Kong (Hang Seng)  10,471.2      -4.6     -18.8
      Toronto (TSE 300)        7609.5      -2.7      27.3
      Mexico City (IPC)        5028.7      -2.6      33.9
      
                                                   Week      Year
      FUNDAMENTALS                       Latest    ago        ago
      S&P 500 Dividend Yield              1.43 %   1.38 %    1.86 %
      S&P 500 P/E Ratio (Last 12 mos.)    25.9     26.9      20.1
      S&P 500 P/E Ratio (Next 12 mos.)*   21.4     22.2      16.6
      First Call Earnings Surprise*       2.65 %   2.88 %    3.52 %
      
                                                     Week
      TECHNICAL INDICATORS              Latest       ago      Reading
      S&P 500 200-day average            983.4      978.6     Positive
      Stocks above 200-day average        57.0 %     65.0 %   Neutral
      Options: Put/call ratio             0.54       0.47     Negative
      Insiders: Vickers Sell/buy ratio    3.18       3.09     Negative
      
      BEST-PERFORMING         Last                                Last 12
      GROUPS                 month%                               months%
      Computer Systems         11.5   Broadcasting                 103.5
      Entertainment            11.4   Specialty Appar. Retailers    99.7
      Shoes                     9.1   Homebuilding                  93.1
      Gold Mining               7.6   Communications Equip.         92.1
      Defense Electronics       7.4   Personal Loans                77.1
      
      WORST-PERFORMING         Last                                Last 12
      GROUPS                  month%                               months%
      Commercial Services     -15.2   Metals                       -29.2
      Tobacco                 -12.1   Engineering & Constr.        -19.0
      Food Chains              -9.8   Shoes                        -12.9
      Engineering & Constr.    -9.6   Photography/Imaging          -12.7
      Leisure Time             -8.4   Tobacco                       -5.2
      
      BLOOMBERG MONEY FLOW ANALYSIS
      Rebound ahead?  Stocks with most                  1-month
      significant buying on price weakness  Price        change
      Chase Manhattan                        133 5/8       - 1/8
      Oracle                                  26 1/4     -5 1/16
      AT&T                                    59 9/16    -7 3/8
      Beneficial                             123 3/4       - 3/4
      Lockheed Martin                        111           - 1/2
      Motorola                                55 7/8      -1 9/16
      
      Decline ahead?  Stocks with most                    1-month
      significant selling on price strength   Price        change
      Microsoft                               89 7/8       1 15/16
      Pfizer                                 113 3/8      15 9/16
      Cisco Systems                           70 7/8       3 7/16
      Infoseek                                33          14 5/8
      Eli Lilly                               68 7/8      10 5/8
      
      Data: Bloomberg Financial Markets; *First Call Corp.
      
      INTEREST RATES
      
                                 Latest      Week       Year
      KEY RATES                  week%       ago%       ago%
      MONEY MARKET FUNDS          5.10       5.10       5.08
      90-DAY TREASURY BILLS       5.05       5.09       5.28
      6-MONTH BANK CDS            5.07       5.08       5.23
      1-YEAR TREASURY BILLS       5.48       5.41       5.90
      10-YEAR TREASURY NOTES      5.81       5.68       6.72
      30-YEAR TREASURY BONDS      6.07       5.96       6.95
      LONG-TERM AA INDUSTRIALS    6.66       6.55       7.47
      LONG-TERM BBB INDUSTRIALS   7.10       7.01       7.92
      LONG-TERM AA TELEPHONES     6.91       6.80       7.71
      
      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
                               Latest  Last     Latest    Last
                               week    week      week     week
      GENERAL OBLIGATIONS      4.58%   4.48%     5.18%    5.08%
      PERCENT OF TREASURIES   78.89   78.88     85.36    85.18
      TAXABLE EQUIVALENT       6.64    6.49      7.51     7.36
      INSURED REVENUE BONDS    4.75    4.64      5.37     5.29
      PERCENT OF TREASURIES   81.82   81.70     88.49    88.70
      TAXABLE EQUIVALENT       6.88    6.72      7.78     7.67
      
      MUTUAL FUNDS
      
      EQUITY FUNDS
      Leaders                           Laggards
      Four-week total return        %   Four-week total return            %
      Lexington Strat. Invmnts.   19.7  Matthews Korea I               -13.3
      Gabelli Gold                10.7  Montgomery Emerg. Asia R        -9.7
      Evergreen Prec. Metals B     9.8  DFA Pacific Rim Small Co.       -9.6
      Am. Cent. Global Gold        9.2  Lex. Crosby Sm. Cap  Asia       -8.9
      Van Eck Intl. Inv. Gold A    9.2  Kemper Asian Growth A           -8.4
      
      Leaders                           Laggards
      52-week total return          %   52-week total return             %
      Delaware Aggressive Gr. A  104.3  Matthews Korea I               -54.1
      Munder Micro-Cap Equity Y   94.4  Lex.Crosby Sm. Cap Asia        -49.5
      Weitz Hickory               92.3  U.S. Global Investors Gold     -49.5
      Safeco Growth No Load       87.3  Morgan Stan. Asian Grth. C     -48.1
      Texas Capital Val. & Grth.  85.9  Morgan Stan. Inst. Asia Eq. A  -48.0
      
      EQUITY FUND CATEGORIES
      Leaders                             Laggards
      Four-week total return          %   Four-week total return       %
      Precious Metals                6.7  Pacific/Asia ex-Japan      -5.6
      Technology                     2.4  Real Estate                -3.8
      Europe                         0.8  Utilities                  -3.8
      Natural Resources              0.5  Diversified Pacific/Asia   -3.5
      Foreign                        0.1  Health                     -2.2
      
      Leaders                             Laggards
      52-week total return           %    52-week total return         %
      Communications                55.9  Pacific/Asia ex-Japan     -33.4
      Financial                     52.8  Diversified Pacific/Asia  -25.2
      Small-cap Blend               46.3  Precious Metals           -21.5
      Small-cap Growth              46.2  Japan                     -12.2
      Large-cap Growth              43.5  Diversified Emerging Mkts. -8.4
      
      All data are as of market close Wednesday, Apr. 29, 1998, unless otherwise 
      indicated. Industry groups include S&P 500 companies only.  Fundamentals, 
      technical indicators, Bloomberg money flow analysis, and mutual fund returns 
      are as of Apr. 28. For a more detailed explanation, write to us or E-mail 
      figures@businessweek.com.  NA=Not available  **Vanguard Index 500 Fund
      
      
      
Before it's here, it's on the Bloomberg Terminal.
LEARN MORE