The Wall Street Journal - 22.02.2020 - 23.02.2020

(Axel Boer) #1

THE WALL STREET JOURNAL. **** Saturday/Sunday, February 22 - 23, 2020 |B9


Consumer Rates and Returns to Investor


U.S. consumer rates


A consumer rate against its
benchmark over the past year


0.00

0.50

1.00

1.50

2.00%

2019


MAMJJASONDJ
2020

F

t

Money market
account yields

t

Federal-funds
target rate

Selected rates
Money market accounts
Bankrate.com avg†: 0.50%
ableBanking, a division of Northeast Bank 1.85%
Lewiston, ME 877-505-1933
Citizens Access 1.85%
Westwood, MA 888-201-6505
Popular Direct 1.90%
New York, NY 800-274-5696
TAB Bank 1.90%
Ogden, UT 800-355-3063
UFB Direct 1.90%
San Diego, CA 844-678-2718

Yield/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 1.50-1.75 1.50-1.75 1.75 l 2.25 1.00
Prime rate 4.75 4.75 4.75 l 5.50 1.00
Libor,3-month 1.68 1.69 1.68 l 2.65 0.63
Money market,annual yield 0.50 0.50 0.50l 0.78 0.18
Five-year CD,annual yield 1.38 1.34 1.34 l 2.04 0.15
30-year mortgage,fixed† 3.72 3.62 3.60 l 4.44 -0.38
15-year mortgage,fixed† 3.17 3.15 3.14 l 3.85 -0.11
Jumbo mortgages,$510,400-plus† 3.74 3.63 3.63 l 4.71 -0.65
Five-year adj mortgage(ARM)† 3.65 3.57 3.32 l 4.78 0.24
New-car loan,48-month 4.49 4.48 4.41 l 4.81 1.19
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


Benchmark Yields
and Rates

Treasury yield curve
Yield to maturity of current bills,
notes and bonds

0.00

1.00

2.00

3.00

4.00%

1
month(s)

3 6 1
years

235710 30

maturity

t
Tradeweb ICE Friday Close

t

One year ago

Forex Race
Yen, euro vs. dollar; dollar vs.
major U.S. trading partners

–8

–4

0

4

8%

2019 2020

Euro

s

Yens
WSJ Dollar index
s

Sources: Tradeweb ICE U.S. Treasury Close; Tullett Prebon; Dow Jones Market Data

Major U.S. Stock-Market Indexes


Latest 52-Week % chg
High Low Close Net chg % chg High Low % chg YTD 3-yr. ann.
Dow Jones
Industrial Average 29146.53 28892.70 28992.41-227.57 -0.78 29551.4224815.04 11.4 1.6 11.8
Transportation Avg 10977.44 10826.97 10908.94-124.02 -1.12 11304.97 9734.68 3.0 0.1 4.6
Utility Average 954.24 947.56 948.74 -3.66 -0.38 960.89 753.05 25.3 7.9 11.8
Total Stock Market 34409.12 34075.97 34167.21-366.00 -1.06 34631.2828240.94 18.2 3.4 11.6
Barron's 400 734.77 727.86 730.02 -8.53 -1.15 746.64 638.79 2.8 -0.3 5.0

Nasdaq Stock Market
Nasdaq Composite 9715.95 9542.33 9576.59-174.37 -1.79 9817.18 7333.02 27.2 6.7 17.7
Nasdaq 100 9594.00 9406.38 9446.69-181.14 -1.88 9718.73 6978.02 33.2 8.2 20.9

S&P
500 Index 3360.76 3328.45 3337.75 -35.48 -1.05 3386.15 2743.07 19.5 3.3 12.2
MidCap 400 2098.52 2079.34 2084.33 -21.79 -1.03 2106.12 1810.50 7.8 1.0 6.0
SmallCap 600 1019.37 1006.26 1009.62 -11.34 -1.11 1041.03 888.72 2.3 -1.1 5.4

Other Indexes
Russell 2000 1694.73 1673.20 1678.61 -17.46 -1.03 1705.22 1456.04 5.6 0.6 6.0
NYSE Composite 14014.63 13931.13 13975.78 -85.70 -0.61 14183.2012264.49 10.1 0.5 6.5
Value Line 550.06 542.97 544.40 -5.66 -1.03 562.05 490.20 -0.4 -1.4 1.0
NYSE Arca Biotech 5333.30 5273.56 5302.60 -10.46 -0.20 5313.05 4098.37 7.6 4.6 15.5
NYSE Arca Pharma 658.55 652.56 657.92 2.67 0.41 670.32 564.11 11.9 0.7 9.1
KBW Bank 108.83 107.29 108.01 -1.36 -1.24 114.12 89.30 8.0 -4.7 3.7
PHLX§Gold/Silver 111.34 108.82 111.06 3.16 2.93 111.06 66.14 41.3 3.9 6.6
PHLX§Oil Service 63.55 61.52 62.56 -1.69 -2.63 102.39 59.66 -34.3 -20.1 -29.3
PHLX§Semiconductor 1938.41 1883.92 1891.05 -58.20 -2.99 1979.50 1296.18 38.6 2.2 24.1
Cboe Volatility 18.21 16.19 17.08 1.52 9.77 24.59 11.54 26.4 23.9 13.9
Nasdaq PHLX Sources: FactSet; Dow Jones Market Data

Trading Diary
Volume, Advancers, Decliners
NYSE NYSE Amer.
Total volume*1,054,918,20120,058,730
Adv. volume*303,076,713 9,060,503
Decl. volume*740,517,989 10,648,663
Issues traded 3,015 279
Advances 883 124
Declines 2,048 143
Unchanged 84 12
New highs 176 13
New lows 87 9
Closing Arms† 1.03 1.33
Block trades* 5,987 160
Nasdaq NYSE Arca
Total volume*2,756,283,151293,153,205
Adv. volume*940,676,103 96,922,841
Decl. volume*1,782,710,430185,512,850
Issues traded 3,305 1,572
Advances 980 428
Declines 2,206 1,132
Unchanged 119 12
New highs 129 113
New lows 67 37
Closing Arms† 0.84 0.74
Block trades* 13,682 1,644
* Primary market NYSE, NYSE American NYSE Arca only.
†(TRIN) A comparison of the number of advancing and declining
issues with the volume of shares rising and falling. An
Arms of less than 1 indicates buying demand; above 1
indicates selling pressure.

Percentage Gainers...
Latest Session 52-Week
Company Symbol Close Net chg % chg High Low % chg
Trans World Entertainment TWMC 5.28 1.78 50.86 20.00 1.68 -50.4
Celldex Therapeutics CLDX 3.07 0.80 35.24 6.22 2.01 -48.1
Ducommun DCO 56.95 14.16 33.09 57.84 38.39 35.5
Eldorado Gold EGO 9.93 2.41 32.05 10.09 3.05 126.2
Avadel Pharm ADR AVDL 9.40 2.28 32.02 9.64 1.03 358.5
Genprex GNPX 5.33 0.95 21.69 5.75 0.23 257.2
American Software Cl A AMSWA19.20 3.30 20.75 19.82 11.18 64.9
IGM Biosciences IGMS 60.69 10.22 20.25 61.50 16.10 ...
Dropbox DBX 22.45 3.74 19.96 26.20 16.08 -4.3
China Xiangtai Food PLIN 3.07 0.49 18.99 6.00 2.39 ...
Oncolytics Biotech ONCY 2.63 0.40 17.94 6.02 0.35 27.1
National CineMedia NCMI 9.37 1.37 17.13 9.85 5.64 18.2
California Resources CRC 7.59 1.09 16.77 30.18 4.68 -65.1
Microbot Medical MBOT 10.81 1.54 16.61 20.15 4.48 18.7
Fang Holdings ADR SFUN 2.57 0.36 16.29 8.75 1.46 -62.9

Percentage Losers
Latest Session 52-Week
Company Symbol Close Net chg % chg High Low % chg
Valaris VAL 4.20 -1.51 -26.44 18.52 3.42 -76.2
Appian Cl A APPN 48.65 -14.03 -22.38 63.77 30.43 36.7
Conduent CNDT 3.90 -1.07 -21.53 15.40 3.66 -74.5
BlueLinx Holdings BXC 15.42 -4.08 -20.92 35.40 7.87 -52.9
Cheetah Mobile ADR CMCM 2.99 -0.61 -16.94 8.00 2.90 -59.5
RE/MAX Holdings Cl A RMAX 33.84 -6.73 -16.59 44.16 24.67 -15.6
Zscaler ZS 54.51 -10.67 -16.37 89.54 40.05 9.5
Teck Resources Cl B TECK 10.92 -1.97 -15.28 25.75 10.85 -54.0
Livent LTHM 10.06 -1.80 -15.18 14.16 5.49 -26.7
First Solar FSLR 50.59 -8.73 -14.72 69.24 49.06 -5.8
Bel Fuse B BELFB 13.10 -2.15 -14.10 27.77 9.03 -47.0
Cyclerion Therapeutics CYCN 4.61 -0.74 -13.83 22.85 1.69 ...
Agile Therapeutics AGRX 3.10 -0.49 -13.55 4.77 0.35 237.8
ARCA biopharma ABIO 4.26 -0.64 -13.06 20.45 3.93 -48.3
Vicor VICR 48.05 -6.84 -12.46 57.86 26.50 27.6

Most Active Stocks
Volume % chg from Latest Session 52-Week
Company Symbol (000) 65-day avg Close % chg High Low
SPDR S&P 500 SPY 113,300 85.7 333.48 -1.03 339.08 272.42
Sprint S 110,968 431.5 10.05 6.01 10.16 4.26
ToughBuilt Industries TBLT 107,849 1363.7 0.24 18.63 1.93 0.09
Advanced Micro Devices AMD 88,373 62.4 53.28 -6.97 59.27 21.04
VanEck Vectors Gold MinerGDX 76,479 64.8 30.65 3.03 30.96 20.14
* Common stocks priced at $2 a share or more with an average volume over 65 trading days of at least
5,000 shares=Has traded fewer than 65 days

Corporate Borrowing Rates and Yields
Yield (%) 52-Week Total Return (%)
Bond total return index Close Last Week ago High Low 52-wk 3-yr
U.S. Treasury, Barclays 2339.240 1.470 1.560 2.680 1.470 9.67 4.18
U.S. Treasury Long, Barclays4361.520 1.880 2.000 3.090 1.880 24.82 9.76
Aggregate, Barclays 2179.680 1.990 2.060 3.250 1.990 10.28 4.72
Fixed-Rate MBS, Barclays 2168.210 2.240 2.280 3.400 2.200 6.69 3.56
High Yield 100, ICE BofA 3225.644 4.604 4.524 6.505 4.516 8.88 5.53
Muni Master, ICE BofA 578.107 1.245 1.341 2.365 1.245 8.11 4.77
EMBI Global, J.P. Morgan 908.244 4.523 4.590 6.468 4.523 12.50 6.12
Sources: J.P. Morgan; S&P Dow Jones Indices; Bloomberg Barclays; ICE Data Services

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stocks, new highs/lows and mutual funds.
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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 .0162 61.7638 3.1
Brazilreal .2278 4.3893 9.2
Canadadollar .7563 1.3222 1.8
Chilepeso .001244 803.80 8.7
Colombiapeso .000294 3395.99 3.5
EcuadorUS dollar 11 unch
Mexicopeso .0529 18.9014–0.1
Uruguaypeso .02625 38.1000 2.6
Asia-Pacific
Australiandollar .6624 1.5097 5.9
Chinayuan .1423 7.0272 0.9
Hong Kongdollar .1284 7.7868–0.1
Indiarupee .01391 71.880 0.7
Indonesiarupiah .0000726 13765 –0.8
Japanyen .008964 111.56 2.7
Kazakhstantenge .002654 376.78–1.3
Macaupataca .1246 8.0265 0.1
Malaysiaringgit .2387 4.1891 2.4
New Zealanddollar .6346 1.5758 6.1
Pakistanrupee .00648 154.300–0.5
Philippinespeso .0197 50.885 0.3
Singaporedollar .7157 1.3973 3.8
South Koreawon .00082851207.07 4.5
Sri Lankarupee .0055030181.72 0.2
Taiwandollar .03289 30.400 1.6
Thailandbaht .03167 31.580 6.1

US$ vs,
Fri YTD chg
Country/currency in US$ per US$ (%)
Vietnamdong .00004302 23244 0.3
Europe
Czech Rep.koruna .04329 23.100 1.9
Denmarkkrone .1452 6.8864 3.4
Euro areaeuro 1.0847 .9220 3.4
Hungaryforint .003219 310.61 5.2
Icelandkrona .007830 127.71 5.4
Norwaykrone .1077 9.2808 5.7
Polandzloty .2530 3.9528 4.2
Russiaruble .01561 64.074 3.2
Swedenkrona .1029 9.7187 3.8
Switzerlandfranc 1.0223 .9782 1.1
Turkeylira .1640 6.0965 2.5
Ukrainehryvnia .0409 24.4728 3.4
UKpound 1.2957 .7718 2.3
Middle East/Africa
Bahraindinar 2.6529 .3770–0.02
Egyptpound .0643 15.5599–3.0
Israelshekel .2927 3.4170–1.1
Kuwaitdinar 3.2621 .3066 1.1
Omansul rial 2.5971 .38500.01
Qatarrial .2746 3.642–0.04
Saudi Arabiariyal .2666 3.7514 ...
South Africarand .0667 15.0013 7.2
CloseNet Chg% ChgYTD % Chg
WSJ Dollar Index92.19 –0.36–0.39 2.93
Sources: Tullett Prebon, Dow Jones Market Data

Commodities
Pricing trends on some raw materials, or commodities

Friday 52-Week YTD
Close Net chg % Chg High Low % Chg % chg
DJ Commodity 607.92 -0.88 -0.15 647.86 584.28 -2.64 -5.35
TR/CC CRB Index 174.65 -0.08 -0.05 189.66 167.89 -5.11 -6.00
Crude oil,$ per barrel 53.38 -0.50 -0.93 66.30 49.57 -6.78 -12.58
Natural gas,$/MMBtu 1.905 -0.015 -0.78 2.884 1.766 -29.89 -12.97
Gold,$ per troy oz. 1644.60 28.00 1.731644.60 1269.30 23.73 8.23

International Stock Indexes
Latest YTD
Region/Country Index Close Net chg % chg % chg
World The Global Dow 3238.97 –12.26 –0.38 –0.4
DJ Global Index 438.54 –3.20 –0.72 1.0
DJ Global ex U.S. 258.81 –0.84 –0.32 –1.8
Americas DJ Americas 785.48 –8.10 –1.02 3.2
Brazil Sao Paulo Bovespa 113681.42 –904.82 –0.79 –1.7
Canada S&P/TSX Comp 17843.53 –100.53 –0.56 4.6
Mexico S&P/BMV IPC 44802.54 28.00 0.06 2.9
Chile Santiago IPSA 3228.88 –2.45 –0.08 –3.2
EMEA Stoxx Europe 600 428.07 –2.12 –0.49 2.9
Eurozone Euro Stoxx 414.74 –2.54 –0.61 2.7
Belgium Bel-20 4078.44 –40.60 –0.99 3.1
Denmark OMX Copenhagen 201251.95 –10.83 –0.86 10.2
France CAC 40 6029.72 –32.58 –0.54 0.9
Germany DAX 13579.33 –84.67 –0.62 2.5
Israel Tel Aviv 1725.09 ... Closed 2.5
Italy FTSE MIB 24773.15 –307.01–1.22 5.4
NetherlandsAEX 617.33 –4.79 –0.77 2.1
Russia RTS Index 1524.71 –11.10 –0.72 –1.6
South AfricaFTSE/JSE All-Share57336.21 –456.82 –0.79 0.4
Spain IBEX 35 9886.20 –44.79 –0.45 3.5
Sweden OMX Stockholm 725.62 –6.53 –0.89 6.6
SwitzerlandSwiss Market 11110.78 –43.75 –0.39 4.7
Turkey BIST 100 116829.39 1187.35 1.03 2.1
U.K. FTSE 100 7403.92 –32.72 –0.44 –1.8
U.K. FTSE 250 21780.20 –86.49 –0.40 –0.5
Asia-Pacific
Australia S&P/ASX 200 7139.00 –23.49 –0.33 6.8
China Shanghai Composite3039.67 9.51 0.31 –0.3
Hong Kong Hang Seng 27308.81 –300.35 –1.09 –3.1
India S&P BSE Sensex 41170.12 ... Closed –0.2
Japan Nikkei Stock Avg 23386.74 –92.41 –0.39 –1.1
Singapore Straits Times 3181.03 –17.66 –0.55 –1.3
South KoreaKospi 2162.84 –32.66–1.49 –1.6
Taiwan TAIEX 11686.35 –38.74 –0.33 –2.6
Thailand SET 1495.09 3.85 0.26 –5.4
Sources: FactSet; Dow Jones Market Data


Track the Markets: Winners and Losers
A look at how selected global stock indexes, bond ETFs, currencies and
commodities performed around the world for the week.
Stock
index

Currency,
vs. U.S. dollar

Commodity,
traded in U.S.*

Exchange-
traded fund
Lean hogs 19.90%
Comex silver 4.55
Nymex RBOB gasoline 4.25
Shanghai Composite 4.21
Comex gold 3.91
Nymex natural gas 3.70
iSh 20+ Treasury 2.41
Nymex crude 2.03
Wheat 1.52
Bloomberg Commodity Index 1.15
iSh 7-10 Treasury 0.84
VangdTotalBd 0.63
iShiBoxx$InvGrdCp 0.59
WSJ Dollar Index 0.57
iShNatlMuniBd 0.57
iShJPMUSEmgBd 0.57
iSh TIPS Bond 0.56
VangdTotIntlBd 0.55
Comex copper 0.48
Dow Jones Transportation Average 0.42
Swiss franc 0.39
Canada dollar 0.21
iSh 1-3 Treasury 0.16
Euro area euro 0.15
S&P/ASX 200 0.12
0.00S&P 500 Real Estate
-0.03S&P/TSX Comp
-0.07FTSE 100
-0.08 iShiBoxx$HYCp
-0.12 S&P 500 Consumer Staples
-0.19 S&P 500 Utilities
-0.20 Corn
-0.21 S&P BSE Sensex
-0.29 S&P 500 Materials
-0.34 Norwegian krone
-0.36 Soybeans
-0.38 FTSE MIB
-0.44 IPC All-Share
-0.48 Indonesian rupiah
-0.49 Indian rupee
-0.51 S&P 500 Health Care
-0.53 Russell 2000
-0.54 South African rand
-0.57 Stoxx Europe 600
-0.57 Chinese yuan
-0.59 S&P MidCap 400
-0.61 Sao Paulo Bovespa
-0.65 CAC-40
-0.67 UK pound
-0.68 Nymex ULSD
-0.71 IBEX 35
-0.85 S&P SmallCap 600
-0.85 Russian ruble
-0.92 Euro Stoxx
-0.95 S&P 500 Energy
-1.11 S&P 500 Consumer Discr
-1.20 DAX
-1.22 S&P 500 Industrials
-1.24 S&P 500 Telecom Svcs
-1.25 S&P 500
-1.26 S&P 500 Financials
-1.27 Nikkei 225
-1.33 Australian dollar
-1.38 Dow Jones Industrial Average
-1.59 Nasdaq Composite
-1.60 Japanese yen
-1.82 Hang Seng
-1.84 Nasdaq 100
-1.91 Mexico peso
-1.96 South Korean won
-2.53 S&P 500 Information Tech
-3.60 Kospi Composite
*Continuous front-month contracts
Sources: FactSet (stock indexes, bond ETFs, commodities), Tullett Prebon (currencies).
THE WALL STREET JOURNAL

Nasdaq Composite Index


9576.59
t174.37
or 1.79%

Last Year ago
Trailing P/E ratio *†
P/E estimate *†
Dividend yield *†
All-time high:

29.10 22.15
24.15 19.35
0.92 1.09

9817.18, 02/19/20

8025

8325

8625

8925

9225

9525

9825

Dec. Jan. Feb.

65-day moving average

Dow Jones Industrial Average


28992.41


t227.57


or 0.78%


LastYear ago
Trailing P/E ratio
P/E estimate *
Dividend yield

All-time high


22.56 18.17
18.39 15.84
2.21 2.21

29551.42, 02/12/20


27000

27500

28000

28500

29000

29500

30000

Dec. Jan. Feb.

Current divisor
0.14744568353097

Bars measure the point change from session's open


tt

Session high

Session low

Session open
Close Open

Close

DOWN UP

65-day moving average

S&P 500 Index


3337.75
t35.48
or 1.05%

Last Year ago
Trailing P/E ratio *
P/E estimate *
Dividend yield *
All-time high

25.82 20.23
19.27 16.55
1.79 1.99

3386.15, 02/19/20

2950

3025

3100

3175

3250

3325

3400

Dec. Jan. Feb.

65-day moving average

Speed-Read the Markets


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The Daily Shot morning newsletterdelivers an
overview of the trends impacting global markets.
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Weekly P/E data based on as-reported earnings from Birinyi Associates Inc.†Based on Nasdaq-100 Index


See an expanded daily list of selected global stock indexes, bond ETFs, currencies
and commodities atWSJ.com/TrackTheMarkets

MARKETS DIGEST

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