THE WALL STREET JOURNAL. Tuesday, September 3, 2019 |B7
Public Offerings of Stock
IPOs in the U.S. Market
None expected this weekLockup Expirations
Below, companies whose officers and other insiders will become eligible
to sell shares in their newly public companies for the first time. Such
sales can move the stock’s price.
Lockup Offer Offer amt Through Lockup
expiration Issue date Issuer Symbol price($) ($ mil.) Friday (%) provision
Sept. 2 March 6, ’19Shockwave Medical IncSWAV 17.00 111.4 146.2 180 days
Sept. 3 March 7, ’19Crescent Acquisition CRSAU 10.00 250.0 1.7 180 days
March 7, ’19Futu Holdings Ltd FHL 12.00 103.5 –10.0 180 days
Sources: Dealogic; WSJ Market Data GroupOther Stock Offerings
Secondaries and follow-ons expected this week in the U.S. market
None expected this weekOff the Shelf
None expected this weekPublic and Private Borrowing
Treasurys
Tuesday, September 3 Thursday, September 5
Auction of 13 and 26 week bills; Auction of 4 and 8 week bills;
announced on August 29; settles on September 5announced on September 3; settles on September 10Public and Municipal Finance
Deals of $ 150 million or more expected this week
Final Total Rating Bookrunner/
Sale maturity Issuer ($mil.) Fitch Moody’s S&P Bond Counsel(s)Sept. 3Dec. 1, 2049Kentucky Pub 536.0N.R. N.R. N.R.J P Morgan Securities
Energy Au (PEAK) LLC/Kutak Rock/
Ballard Spahr LLPSept. 4 prelim. Metropolitan 1,000.0 N.R. N.R. N.R. Preliminary/
Transport Auth (MTA) Nixon Peabody LLPSept. 5Sept. 1, 2049Massachusetts 600.0N.R. N.R. N.R. M. Stanley/
Locke Lord LLPSept. 5 prelim. North Carolina 600.0N.R. N.R. N.R. Preliminary/
Womble Bond DickinsonSept. 6 prelim. Chaffey 251.3N.R. N.R. N.R. RBC Cptl Mkt/—
Community College DtSept. 6 prelim. Chicago City BOE 369.7N.R. N.R. N.R.J P Morgan Securities
LLC/—Sept. 6 prelim. Lower Alabama 638.4N.R. N.R. N.R. Goldman &
Gas Dt Co/—Sept. 6 prelim. Massachusetts 305.9N.R. N.R. N.R. Citi/—
Dev Finance Agcy
Source:Thomson Reuters/IpreoCommoditiesandCurrencies
Monday YTD
Close Net chg % Chg % chg
WSJ Dollar Index 91.95 0.18 0.19 2.55
Euro,per dollar 0.91150.0017 0.18 4.55
Yen,per dollar 106.22 -0.06 -0.05 -3.07
U.K. pound,in dollars 1.21-0.010 -0.78 -5.43
Last Week YTD
Close Net chg % Chg % chg
DJ Commodity 596.31 6.92 1.17 4.09
TR/CC CRB Index 170.36 1.75 1.04 0.33
Crude oil,$ per barrel 55.10 0.93 1.7221.34
Natural gas,$/MMBtu 2.285 0.133 6.18-22.28
Gold,$ per troy oz. 1519.10 -8.80 -0.58 18.84
U.S. Dollar Index 98.82 1.18 1.21 2.75
WSJ Dollar Index 91.78 0.88 0.97 2.36
Euro,per dollar 0.90990.0126 1.40 4.36
Yen,per dollar 106.28 0.90 0.85 -3.02
U.K. pound,in dollars 1.22-0.012 -1.00 -4.69
52-Week
LowClose(l) High % Chg
DJ Commodity 572.87 l 642.46 -2.67
TR/CC CRB Index 167.89l 201.23-11.71
Crude oil,$ per barrel 42.53 l 76.41-21.06
Natural gas,$/MMBtu 2.07l 4.84-21.64
Gold,$ per troy oz. 1182.30 l1541.00 26.56
U.S. Dollar Index 93.91 l 98.82 3.87
WSJ Dollar Index 88.65 l 91.78 2.42
Euro,per dollar 0.85 l 0.91 5.58
Yen,per dollar 105.30 l 114.53 -4.32
U.K. pound,in dollars 1.20 l 1.33 -6.16Treasury yield curve
Yield to maturity of current bills,
notes and bonds0.001.002.003.004.00%1
month(s)3 6 1
years235710 30maturityt
FridaytOne year agoForex Race
Yen, euro vs. dollar; dollar vs.
major U.S. trading partners–8–4048%2018 2019EurosYens
WSJ Dollar indexsSources: Ryan ALM; Tullett Prebon; Dow Jones Market DataCorporate Borrowing Rates and Yields
Spread +/- Treasurys,
Yield (%) in basis pts, 52-wk Range Total Return
Bond total return index Last Wk ago Last Low High 52-wk 3-yr
10-yr Treasury, Ryan ALM 1.503 1.523 15.652 2.55
DJ Corporate 2.822 2.837 14.564 4.668
Aggregate, Barclays Capital 2.130 2.160 48 39 55 10.21 3.09
High Yield 100, Merrill Lynch 5.201 5.509 348 283 509 6.559 5.676
Fixed-Rate MBS, Barclays 2.280 2.390 47 27 57 7.15 2.39
Muni Master, Merrill 1.488 1.503 7 7 21 8.199 2.964
EMBI Global, J.P. Morgan 5.243 5.490 361 333 441 13.110 4.015
Sources: J.P. Morgan; Ryan ALM; S&P Dow Jones Indices; Barclays Capital; Merrill LynchConsumer Rates and Returns to Investor
U.S. consumer rates
A consumer rate against its
benchmark over the past year
1.501.701.902.102.30%2018
SONDJ
2019FMAMJJAt
Five-year CD yieldstFederal-funds
target rateSelected rates
5-year CDs
Bankrate.com avg†: 1.74%
Ally Bank 2.60%
New York, NY 877-247-2559
Goldman Sachs Bank USA 2.60%
New York, NY 855-730-7283
Synchrony Bank 2.60%
Morristown, NJ 800-903-8154
TAB Bank 2.60%
Ogden, UT 800-355-3063
NBKC Bank 2.69%
Overland Park, KS 913-341-1144Yield/Rate (%) 52-Week Range (%) 3-yr chg
Interest rate Last (l)Week ago Low 0 2 4 6 8 High (pct pts)
Federal-funds rate target 2.00-2.25 2.00-2.25 1.75 l 2.25 1.75
Prime rate 5.25 5.25 5.00 l 5.50 1.75
Libor,3-month 2.14 2.14 2.12 l 2.82 1.30
Money market,annual yield 0.72 0.73 0.41 l 0.75 0.45
Five-year CD,annual yield 1.74 1.75 1.74 l 2.07 0.54
30-year mortgage,fixed† 3.68 3.81 3.68 l 4.99 0.16
15-year mortgage,fixed† 3.20 3.28 3.20 l 4.34 0.38
Jumbo mortgages,$484,350-plus† 4.65 4.30 4.16 l 5.16 0.56
Five-year adj mortgage(ARM)† 4.16 4.21 3.94 l 4.89 1.06
New-car loan,48-month 4.64 4.64 3.91 l 4.81 1.50
Bankrate.com rates based on survey of over 4,800 online banks. Base rate posted by 70% of the nation's largest
banks.† Excludes closing costs. Sources: FactSet; Dow Jones Market Data; Bankrate.com
S&P 500 Index
2926.46s79.35, or 2.79% last week
High, low, open and close for each of
the past 52 weeksLast Year ago
Trailing P/E ratio *
P/E estimate *
Dividend yield *
All-time high22.30 24.53
17.65 17.98
1.95 1.81
3025.86, 07/26/1923002400250026002700280029003000S O N D J F M A M J J A65-day moving average200-day moving averageNasdaq Composite
s211.12, or 2.72%
last week8000790078007700
23
August2627282930DJ US TSM
s779.64, or 2.67%
last week29900296002930029000
23
August2627282930International Stock Indexes
Monday YTD
Region/Country Index Close Net chg % chg % chg
World The Global Dow 2950.02 –3.10 –0.10 7.9
DJ Global Index 391.84 –0.39 –0.10 11.7
DJ Global ex U.S. 236.57 –0.52 –0.22 6.2
Americas DJ Americas 691.05 –0.26 –0.04 16.4
Brazil Sao Paulo Bovespa 100625.74 –508.87 –0.50 14.5
Canada S&P/TSX Comp 16442.07 ... Closed 14.8
Mexico S&P/BMV IPC 42108.23 –514.27 –1.21 1.1
Chile Santiago IPSA 3423.58 –23.39 –0.68 –9.0
EMEA Stoxx Europe 600 380.69 1.21 0.32 12.7
Eurozone Euro Stoxx 371.53 0.66 0.18 13.1
Belgium Bel-20 3573.30 2.49 0.07 10.2
Denmark OMX Copenhagen 20 1043.27 11.14 1.08 17.0
France CAC 40 5493.04 12.56 0.23 16.1
Germany DAX 11953.78 14.50 0.12 13.2
Israel Tel Aviv 1557.41 –2.85 –0.18 6.4
Italy FTSE MIB 21451.98 129.07 0.61 17.1
Netherlands AEX 559.71 1.36 0.24 14.7
Russia RTS Index 1309.22 15.90 1.23 22.8
South Africa FTSE/JSE All-Share 54785.18 –474.39 –0.86 3.9
Spain IBEX 35 8815.51 2.61 0.03 3.2
Sweden OMX Stockholm 605.11 –1.48 –0.24 15.2
Switzerland Swiss Market 9924.54 28.89 0.29 17.7
Turkey BIST 100 98342.90 1624.42 1.68 7.7
U.K. FTSE 100 7281.94 74.76 1.04 8.2
U.K. FTSE 250 19481.55 87.92 0.45 11.3
Asia-Pacific
Australia S&P/ASX 200 6579.40 –24.82 –0.38 16.5
China Shanghai Composite 2924.11 37.87 1.31 17.3
Hong Kong Hang Seng 25626.55 –98.18 –0.38 –0.8
India S&P BSE Sensex 37332.79 ... Closed 3.5
Japan Nikkei Stock Avg 20620.19 –84.18 –0.41 3.0
Singapore Straits Times 3082.96 –23.56 –0.76 0.5
South Korea Kospi 1969.19 1.40 0.07 –3.5
Taiwan TAIEX 10634.85 16.80 0.16 9.3
Thailand SET 1654.11 –0.81 –0.05 5.8
Sources: FactSet; Dow Jones Market Data
Financial Flashback
The Wall Street Journal, September 3, 1993
Former Chrysler Corp. Chairman Lee Iacocca
resigned as a Chrysler director, severing most of his
ties with the auto maker that made him famous.Major U.S. Stock-Market Indexes
Latest Week 52-Week % chg
High Low Close Net chg % chg Low Close (l) High % chg YTD 3-yr. ann.
Dow Jones
Industrial Average 26514.6225637.4326403.28 774.38 3.02 21792.20 l 27359.16 1.7 13.2 12.7
Transportation Avg 10230.14 9676.0610126.98 387.24 3.98 8637.15 l 11570.84-10.4 10.4 8.6
Utility Average 849.60 832.33 845.52 13.49 1.62 692.00 l 845.52 16.4 18.6 8.3
Total Stock Market 30115.9429214.6729971.50 779.64 2.67 24126.04 l 31091.22 -0.7 16.5 10.0
Barron's 400 662.07 638.79 657.90 17.28 2.70 571.68 l 785 -16.2 7.9 5.8
Nasdaq Stock Market
Nasdaq Composite 8017.91 7766.67 7962.88 211.12 2.72 6192.92 l 8330.21 -1.8 20.0 15.1
Nasdaq 100 7747.08 7500.22 7691.00 226.01 3.03 5899.35 l 8016.95 0.5 21.5 17.2
S&P
500 Index 2940.43 2853.05 2926.46 79.35 2.79 2351.10 l 3025.86 0.9 16.7 10.4
MidCap 400 1887.85 1825.44 1881.20 44.65 2.43 1567.40 l 2046.56 -8.0 13.1 6.2
SmallCap 600 925.43 891.60 918.74 22.24 2.48 793.86 l 1098.36-16.4 8.7 6.7
Other Indexes
Russell 2000 1504.45 1450.32 1494.84 35.35 2.42 1266.93 l 1740.75-14.1 10.8 6.3
NYSE Composite 12785.4012426.0612736.88 320.43 2.58 10769.83 l 13239.87 -2.2 12.0 5.7
Value Line 506.83 488.62 503.89 12.71 2.59 446.06 l 591.18-14.8 6.7 1.3
NYSE Arca Biotech 4451.40 4321.71 4386.71 -2.22 -0.05 3890.37 l 5400.34-17.8 3.9 10.3
NYSE Arca Pharma 585.50 572.27 581.74 9.47 1.66 535.91 l 612.45 0.4 2.3 3.7
KBW Bank 93.89 89.08 93.09 3.51 3.92 80.78 l 110.91-15.5 8.5 8.7
PHLX§Gold/Silver 102.29 96.94 98.98 1.20 1.22 61.84 l 101.19 49.4 40.1 2.5
PHLX§Oil Service 64.53 59.29 62.88 2.51 4.16 59.66 l 154.64-56.4 -22.0 -26.6
PHLX§Semiconductor1517.34 1437.41 1504.92 58.54 4.05 1069.39 l 1622.02 7.4 30.3 23.3
CBOE Volatility 21.64 17.09 18.98 -0.89 -4.48 11.61 l 36.07 47.6 -25.3 13.1
Nasdaq PHLX Sources: FactSet; Dow Jones Market DataReal-time U.S. stock
quotes are available on
WSJ.com. Track most-
active stocks, new
highs/lows, mutual
funds and ETFs.
All are available free at
WSJMarkets.comWSJ
.COMBenchmark Yields and RatesBenchmark Yields and Rates
New to the Market IPO Scorecard B8
MARKETS DIGEST
A Week in the Life of the DJIA
A look at how the Dow Jones Industrial Average component stocks
did in the past week and how much each moved the index. The DJIA
gained 774.38 points, or 3.02%, on the week. A $1 change in the price
of any DJIA stock = 6.78-point change in the average. To date, a
$1,000 investment on Dec. 31 in each current DJIA stock component
would have returned $34,168, or a gain of 13.89%, on the $30,000
investment, including reinvested dividends.
The Week’s Action
Pct Stock pricePoint chg $1,000 Invested(year-end '18)
chg (%)change in average* Company SymbolClose $1,000
5.53 6.82 46.25 United TechnologiesUTX$130.24 $1,244
5.45 2.45 16.62 Intel INTC 47.41 1,030
5.05 4.06 27.54 Nike NKE 84.50 1,149
4.80 10.44 70.81 Home Depot HD 227.91 1,346
4.72 1.92 13.02 Dow DOW 42.63 884
4.60 5.96 40.42 IBM IBM 135.53 1,235
4.33 4.94 33.50 Caterpillar CAT 119.00 955
4.25 5.59 37.91 Walt Disney DIS 137.26 1,260
4.01 2.24 15.19 Verizon VZ 58.16 1,068
3.93 7.71 52.29 Goldman Sachs GS 203.91 1,239
3.79 1.87 12.68 Walgreens WBA 51.19 767
3.77 5.87 39.81 3M MMM161.72 870
3.62 3.84 26.04 JPMorgan Chase JPM 109.86 1,151
3.52 1.21 8.21 Pfizer PFE 35.55 836
3.35 4.47 30.32 Microsoft MSFT137.86 1,373
3.19 5.59 37.91 Visa V 180.82 1,377
3.09 3.43 23.26 WalMart WMT114.26 1,246
3.01 6.10 41.37 Apple AAPL208.74 1,339
2.48 2.91 19.74 Procter & Gamble PG 120.23 1,336
2.42 1.30 8.82 Coca-Cola KO 55.04 1,182
2.27 8.08 54.80 Boeing BA 364.09 1,148
2.22 2.61 17.70 American Express AXP 120.37 1,277
2.21 2.54 17.23 Chevron CVX 117.72 1,115
1.80 1.53 10.38 Merck MRK 86.47 1,147
1.54 2.23 15.12 Travelers TRV 146.96 1,241
1.54 3.31 22.45 McDonald’s MCD 217.97 1,249
1.47 0.99 6.71 Exxon Mobil XOM 68.48 1,040
1.45 3.34 22.65 UnitedHealth GroupUNH 234.00 947
0.49 0.63 4.27 Johnson & Johnson JNJ 128.36 1,016
0.43 0.20 1.36 Cisco Systems CSCO 46.81 1,103
*Based on Composite price. DJIA is calculated on primary-market price.
Source: Dow Jones Market Data; FactSet.Currencies
U.S.-dollar foreign-exchange rates in late New York trading
US$ vs,
Fri YTD chg
Country/currency in US$ per US$ (%)
Americas
Argentinapeso .0168 59.509358.1
Brazilreal .2412 4.1455 6.8
Canadadollar .7512 1.3312–2.4
Chilepeso .001386 721.30 3.9
EcuadorUS dollar 11 unch
Mexicopeso .0498 20.0651 2.1
Uruguaypeso .02730 36.630013.1
Asia-Pacific
Australiandollar .6733 1.4852 4.7
Chinayuan .1397 7.1567 4.0
Hong Kongdollar .1275 7.8426 0.1
Indiarupee .01394 71.741 3.1
Indonesiarupiah .0000705 14185 –1.4
Japanyen .009409 106.28–3.0
Kazakhstantenge .002579 387.81 0.9
Macaupataca .1236 8.0926 0.3
Malaysiaringgit .2378 4.2055 1.8
New Zealanddollar .6308 1.5853 6.5
Pakistanrupee .00635 157.50012.7
Philippinespeso .0192 52.165–0.6
Singaporedollar .7208 1.3873 1.8
South Koreawon .00082611210.50 8.6
Sri Lankarupee .0055729179.44–1.9
Taiwandollar .03192 31.333 2.5
Thailandbaht .03265 30.630–5.2
Vietnamdong .00004309 23209 0.1US$ vs,
Fri YTD chg
Country/currency in US$ per US$ (%)
Europe
Czech Rep.koruna .04235 23.610 5.3
Denmarkkrone .1474 6.7840 4.2
Euro areaeuro 1.0991 .9099 4.4
Hungaryforint .003317 301.47 7.7
Icelandkrona .007935 126.02 8.5
Norwaykrone .1096 9.1247 5.6
Polandzloty .2511 3.9826 6.5
Russiaruble .01499 66.710–3.7
Swedenkrona .1018 9.821710.9
Switzerlandfranc 1.0104 .9897 0.8
Turkeylira .1715 5.830610.2
Ukrainehryvnia .0396 25.2270–9.0
UKpound 1.2161 .8223 4.9
Middle East/Africa
Bahraindinar 2.6524 .37700.02
Egyptpound .0605 16.5320–7.7
Israelshekel .2832 3.5305–5.6
Kuwaitdinar 3.2985 .30320.01
Omansul rial 2.5973 .3850 ...
Qatarrial .2753 3.633–0.1
Saudi Arabiariyal .2666 3.7508–0.02
South Africarand .0659 15.1831 5.7
CloseNet Chg% ChgYTD % Chg
WSJ Dollar Index91.78 0.16 0.18 2.36
Sources: Tullett Prebon, Dow Jones Market DataDow Jones Industrial Average
26403.28s774.38, or 3.02% last week
High, low, open and close for each of
the past 52 weeks
LastYear ago
Trailing P/E ratio
P/E estimate *
Dividend yield
All-time high18.96 23.47
17.10 16.78
2.28 2.09
27359.16, 07/15/192100022000230002400025000260002700028000AS O N D J F M A M J J ACurrent divisor 0.14744568353097
Bars measure the point change from Monday's open
ttWeek's highWeek's lowMonday's open
Friday's close Monday's openFriday's closeDOWN UPPrimary
market ttComposite65-day moving average200-day moving averageNYSE weekly volume, in billions of shares
081624AS O N D J F M A M J J A
*Weekly P/E data based on as-reported earnings from Birinyi Associates Inc.