The Wall Street Journal - 04.03.2020

(Sean Pound) #1

B10| Wednesday, March 4, 2020 THE WALL STREET JOURNAL.


Consumer Rates and Returns to Investor


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U.S. consumer rates


A consumer rate against its
benchmark over the past year


1.00

2.00

3.00

4.00

5.00%

M
2019


AMJJASONDJ
2020

FM

t

30-year fixed-rate
mortgage

t

10-year Treasury
note yield

Selected rates
30-year mortgage, Rate
Bankrate.com avg†: 3.52%
First National Bank 2.88%
Waverly, IA 319-266-2000
Astra Bank 3.00%
Scandia, KS 785-335-2243
East Boston Savings Bank 3.13%
Boston, MA 800-657-EBSB
Edgewater Bank 3.25%
Saint Joseph, MI 800-922-5221
Middlesex Savings Bank 3.25%
Natick, MA 877-463-6287
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 1.31 1.64 1.25 l 2.63 0.21
Money market,annual yield 0.50 0.50 0.50l 0.78 0.18
Five-year CD,annual yield 1.36 1.38 1.34 l 2.03 0.11
30-year mortgage,fixed† 3.52 3.66 3.52 l 4.43 -0.67
15-year mortgage,fixed† 3.03 3.13 3.03 l 3.85 -0.33
Jumbo mortgages,$510,400-plus† 3.54 3.69 3.54 l 4.71 -1.20
Five-year adj mortgage(ARM)† 3.60 3.63 3.32 l 4.78 0.08
New-car loan,48-month 4.50 4.50 4.41 l 4.81 1.20
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 Tuesday Close

t

One year ago

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

–6

–3

0

3

6%

2019 2020

Euro

s

Yens WSJ Dollar indexs

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

International Stock Indexes
Latest YTD
Region/Country Index Close Net chg % chg % chg
World The Global Dow 2937.50 –32.60 –1.10 –9.6
DJ Global Index 400.02 –4.41 –1.09 –7.8
DJ Global ex U.S. 240.47 2.12 0.89 –8.8
Americas DJ Americas 706.34 –18.42 –2.54 –7.2
Brazil Sao Paulo Bovespa105537.14 –1088.27 –1.02 –8.7
Canada S&P/TSX Comp 16423.62 –129.64 –0.78 –3.7
Mexico S&P/BMV IPC 42472.25 305.01 0.72 –2.5
Chile Santiago IPSA 3055.63 4.11 0.13 –8.4
EMEA Stoxx Europe 600 381.13 5.16 1.37 –8.3
Eurozone Euro Stoxx 369.49 4.05 1.11 –8.5
Belgium Bel-20 3575.13 51.89 1.47 –9.6
Denmark OMX Copenhagen 201174.03 36.10 3.17 3.4
France CAC 40 5393.17 59.65 1.12 –9.8
Germany DAX 11985.39 127.52 1.08 –9.5
Israel Tel Aviv 1598.85 15.95 1.01 –5.0
Italy FTSE MIB 21748.20 93.11 0.43 –7.5
NetherlandsAEX 550.22 8.05 1.48 –9.0
Russia RTS Index 1358.03 54.56 4.19–12.3
South AfricaFTSE/JSE All-Share52957.85 1117.76 2.16 –7.2
Spain IBEX 35 8811.65 70.19 0.80 –7.7
Sweden OMX Stockholm 653.85 10.23 1.59 –4.0
SwitzerlandSwiss Market 10087.40 136.57 1.37 –5.0
Turkey BIST 100 111207.27 3897.40 3.63 –2.8
U.K. FTSE 100 6718.20 63.31 0.95 –10.9
U.K. FTSE 250 19682.65 380.95 1.97 –10.1
Asia-Pacific
Australia S&P/ASX 200 6435.70 44.18 0.69 –3.7
China Shanghai Composite2992.90 21.97 0.74 –1.9
Hong Kong Hang Seng 26284.82 –6.86 –0.03 –6.8
India S&P BSE Sensex 38623.70 479.68 1.26 –6.4
Japan Nikkei Stock Avg 21082.73 –261.35 –1.22 –10.9
Singapore Straits Times 3019.56 11.84 0.39 –6.3
South KoreaKospi 2014.15 11.64 0.58 –8.4
Taiwan TAIEX 11327.72 157.26 1.41 –5.6
Thailand SET 1375.02 39.30 2.94 –13.0
Sources: FactSet; 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 27084.59 25706.28 25917.41-785.91 -2.94 29551.4224815.04 0.4 -9.2 7.3
Transportation Avg 9695.50 9146.10 9200.67-275.01 -2.90 11304.97 9200.67 -10.8 -15.6 -1.0
Utility Average 905.56 873.54 877.25 -9.27 -1.05 960.89 760.09 15.4 -0.2 7.9
Total Stock Market 31991.06 30386.61 30665.89-851.33 -2.70 34631.2828240.94 6.3 -7.2 7.5
Barron's 400 677.22 644.63 650.55 -16.60 -2.49 746.64 638.79 -7.2 -11.2 1.1

Nasdaq Stock Market
Nasdaq Composite 9070.32 8602.89 8684.09-268.07 -2.99 9817.18 7333.02 14.6 -3.2 13.9
Nasdaq 100 9000.46 8516.58 8594.49-283.49 -3.19 9718.73 6978.02 20.1 -1.6 16.9

S&P
500 Index 3136.72 2976.63 3003.37 -86.86 -2.81 3386.15 2743.07 7.7 -7.0 8.0
MidCap 400 1907.43 1819.62 1835.19 -40.28 -2.15 2106.12 1810.50 -3.8 -11.0 1.8
SmallCap 600 922.99 879.64 888.60 -19.29 -2.12 1041.03 884.78 -7.9 -13.0 1.5

Other Indexes
Russell 2000 1539.74 1472.74 1486.08 -32.41 -2.13 1705.22 1456.04 -5.2 -10.9 2.2
NYSE Composite 13015.66 12432.52 12542.74-285.25 -2.22 14183.2012264.49 -0.6 -9.8 2.6
Value Line 495.38 472.10 476.33 -11.61 -2.38 562.05 476.29 -11.6 -13.7 -3.0
NYSE Arca Biotech 5091.13 4845.20 4903.40-128.53 -2.55 5313.05 4098.37 -3.1 -3.2 10.9
NYSE Arca Pharma 627.59 598.43 605.54 -14.56 -2.35 670.32 564.11 1.8 -7.4 5.5
KBW Bank 96.42 90.23 91.11 -4.40-4.61 114.12 89.30 -8.7 -19.6 -2.3
PHLX§Gold/Silver 104.90 97.56 101.47 3.60 3.68 111.51 66.14 35.5 -5.1 7.3
PHLX§Oil Service 53.68 50.00 50.94 -2.66-4.95 102.39 50.77 -46.8 -34.9 -33.8
PHLX§Semiconductor 1797.01 1692.10 1705.26 -60.12 -3.41 1979.50 1296.18 25.7 -7.8 20.5
Cboe Volatility 41.06 24.93 36.82 3.40 10.17 40.11 11.54 149.8 167.2 49.8
Nasdaq PHLX Sources: FactSet; Dow Jones Market Data

Late Trading
Most-active and biggest movers among NYSE, NYSE Arca, NYSE Amer.
and Nasdaq issues from 4 p.m. to 6:30 p.m. ET as reported by electronic
trading services, securities dealers and regional exchanges. Minimum
share price of $2 and minimum after-hours volume of 50,000 shares.
Most-active issues in late trading
Volume After Hours
Company Symbol (000) Last Net chg % chg High Low
SPDR S&P 500 SPY 18,747.5 298.36 -1.88 -0.63 302.08 285.89
Finl Select Sector SPDRXLF 12,750.1 26.62 -0.28 -1.04 26.95 26.62
Inovio PharmaceuticalsINO 10,749.1 8.38 0.93 12.48 9.06 6.80
VanEck Vectors Gold MinerGDX 6,537.0 29.25 0.57 1.99 29.29 28.67
Yamana Gold AUY 5,557.7 4.25 0.05 1.19 4.25 4.15
iShares MSCI Brazil ETFEWZ 4,992.4 38.30 -0.19 -0.49 38.59 38.30
Invesco QQQ Trust I QQQ 4,885.0 207.92 -1.56 -0.74 211.08 207.61
Bank of America BAC 4,309.7 27.52 -0.23 -0.83 28.18 27.50
Percentage gainers...
Covetrus CVET 62.6 12.69 1.59 14.32 13.60 11.10
Inovio PharmaceuticalsINO 10,749.1 8.38 0.93 12.48 9.06 6.80
Ambarella AMBA 102.1 62.66 4.55 7.83 64.59 58.11
Nomad Foods NOMD 68.8 21.00 1.34 6.82 21.00 19.66
Direxion Gold Miners Bl 3NUGT 71.3 31.64 1.52 5.05 31.64 29.88
...And losers
Cardlytics CDLX 207.0 60.90 -25.30 -29.35 86.20 56.00
Urban Outfitters URBN 128.4 21.25 -1.88 -8.13 23.13 21.25
Alpha Pro Tech APT 157.0 17.70 -1.49 -7.76 19.19 17.20
Nordstrom JWN 515.2 31.00 -2.44 -7.30 33.98 29.50
Hewlett Packard Ent HPE 395.4 11.85 -0.74 -5.88 12.64 11.77

Trading Diary
Volume, Advancers, Decliners
NYSE NYSE Amer.
Total volume*1,651,724,58627,098,685
Adv. volume*285,009,608 17,199,684
Decl. volume*1,353,607,2879,749,507
Issues traded 3,034 282
Advances 1,031 155
Declines 1,946 115
Unchanged 57 12
New highs 27 6
New lows 171 7
Closing Arms† 2.43 0.87
Block trades* 7,782 189
Nasdaq NYSE Arca
Total volume*4,327,445,248794,944,794
Adv. volume*1,072,257,735190,822,988
Decl. volume*3,236,510,130597,254,764
Issues traded 3,350 1,575
Advances 949 469
Declines 2,322 1,096
Unchanged 79 10
New highs 77 94
New lows 178 29
Closing Arms† 1.23 1.18
Block trades* 21,070 3,228
* 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... Percentage Losers


Volume % chg fromLatest Session 52-Week
Company Symbol (000) 65-day avg Close % chg High Low
SPDR S&P 500 SPY 298,682 276.6 300.24 -2.86 339.08 272.42
Finl Select Sector SPDR XLF 256,490 454.9 26.90 -3.76 31.38 25.08
iShares MSCI Emg MarketsEEM 141,788 96.8 41.12 -0.68 46.32 38.72
Advanced Micro Devices AMD 141,365 148.2 46.75 -1.50 59.27 21.04
Bank of America BAC 138,494 176.0 27.75 -5.52 35.72 26.21
Chesapeake Energy CHK 136,324 70.4 0.25 16.32 3.57 0.20
Invesco QQQ Trust I QQQ 131,195 300.8 209.48 -3.21 237.47 169.27
VanEck Vectors Gold Miner GDX 130,228 149.7 28.68 5.09 31.84 20.14
Inovio Pharmaceuticals INO 114,752 1439.4 7.45 69.70 7.48 1.92
General Electric GE 109,167 78.8 10.88 -2.94 13.26 7.65
* Volumes of 100,000 shares or more are rounded to the nearest thousand

Volume% chg from Latest Session 52-Week
Company Symbol (000) 65-day avg Close % chg High Low
VectoIQ Acquisition VTIQ 18,065 12623 11.50 11.11 12.20 9.85
Deep Value ETF DVP 2,753 8745 27.36 -2.77 34.16 26.52
IQ MacKay Mun Insured ETFMMIN 855 3868 27.14 0.59 29.98 25.16
ProShares Sh 7-10 Yr Tr TBX 246 2888 24.77 -1.16 28.60 24.59
KFA Dynamic Fixed Incm KDFI 669 2812 24.30 -0.14 27.33 22.03
Innov MSCI EAFE Pwr July IJUL 485 2041 22.65 0.24 24.95 22.08
NuCana ADR NCNA 1,555 1896 7.85 31.05 19.28 3.81
Daxor Corp DXR 194 1798 11.94-16.21 19.25 7.13
Investar Holding ISTR 222 1695 21.00 -2.14 26.46 21.00
iSh Edge MSCI Intl Mom IMTM 993 1690 30.11 0.10 32.66 27.81
* 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

Nasdaq Composite Index


8684.09t268.07, or 2.99%
High, low, open and close for each
trading day of the past three months.

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

25.63 22.55
21.15 19.74
1.01 1.08
9817.18, 02/19/20

8000

8300

8600

8900

9200

9500

9800

Nov. Dec. Jan. Feb.

65-day moving average

EQUITIES


CREDIT MARKETS


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 2406.190 0.980 1.320 2.660 0.980 13.07 5.26
U.S. Treasury Long, Barclays4609.480 1.580 1.760 3.050 1.580 33.56 12.03
Aggregate, Barclays 2218.600 1.590 1.860 3.220 1.590 12.39 5.40
Fixed-Rate MBS, Barclays 2187.220 1.780 2.090 3.370 1.780 7.78 3.96
High Yield 100, ICE BofA 3166.812 5.054 5.028 6.505 4.516 6.57 4.61
Muni Master, ICE BofA 581.780 1.120 1.151 2.357 1.102 8.72 5.03
EMBI Global, J.P. Morgan 902.682 4.625 4.565 6.468 4.523 12.05 5.73
Sources: J.P. Morgan; S&P Dow Jones Indices; Bloomberg Barclays; ICE Data Services

Latest Session 52-Week
Company Symbol Close Net chg % chg High Low % chg
Inovio Pharmaceuticals INO 7.45 3.06 69.70 7.48 1.92 106.4
Omeros OMER 19.56 6.97 55.36 20.92 11.10 20.7
NuCana ADR NCNA 7.85 1.86 31.05 19.28 3.81 -41.5
Digirad DRAD 3.21 0.75 30.51 11.40 2.27 -55.9
Allied Healthcare Prods AHPI 20.00 4.35 27.80 45.00 0.92 1041.1
VS 2x VIX Short Term TVIX 119.32 22.42 23.14 367.20 38.33 -59.7
DermTech DMTK 15.98 2.98 22.92 23.24 4.52 -22.7
SpringWorks Therapeutics SWTX 41.21 7.55 22.43 42.66 17.02 ...
GenMark Diagnostics GNMK 4.29 0.78 22.08 8.17 3.36 -42.1
Alpha Pro Tech APT 19.19 3.19 19.94 41.59 3.20 395.9
BioCardia BCDA 4.40 0.70 19.00 17.50 3.15 -60.9
Boingo Wireless WIFI 14.04 2.14 17.98 25.98 8.85 -34.0
Theratechnologies THTX 2.83 0.43 17.67 6.68 2.09 -52.3
ProSharesUltVIXST UVXY 25.49 3.80 17.52 50.50 10.40 -40.3
Capstone Turbine CPST 2.48 0.36 16.98 10.50 1.88 -70.5

Most Active Stocks


Latest Session 52-Week
Company Symbol Close Net chg % chg High Low % chg
Mallinckrodt MNK 3.13 -1.09 -25.83 24.12 1.43 -86.0
InflaRx IFRX 4.59 -1.49 -24.51 53.10 2.17 -88.7
GreenSky GSKY 6.18 -1.69 -21.47 16.42 5.74 -49.1
iBio IBIO 1.77 -0.44 -19.91 3.40 0.05 121.2
FlexShopper FPAY 2.32 -0.57 -19.72 3.22 0.78 154.1
Co-Diagnostics CODX 14.36 -3.45 -19.37 21.75 0.69 1077.0
Armstrong Flooring AFI 1.98 -0.46 -18.85 15.10 1.96 -85.8
Precigen PGEN 3.24 -0.67 -17.14 8.77 3.06 -35.5
Viemed Healthcare VMD 4.00 -0.80 -16.67 8.73 3.75 -27.3
Daxor Corp DXR 11.94 -2.31 -16.21 19.25 7.13 -33.9
Neuronetics STIM 2.48 -0.46 -15.65 18.35 2.39 -85.0
Ascena Retail Group ASNA 3.01 -0.55 -15.45 44.00 2.98 -92.5
Tilray TLRY 13.02 -2.33 -15.18 78.68 13.00 -83.1
Chembio Diagnostics CEMI 4.01 -0.69 -14.68 7.90 3.55 -40.9
Hallmark Fincl Services HALL 12.23 -2.10 -14.65 20.30 9.75 16.5

Volume Movers Ranked by change from 65-day average*


Commodities
Pricing trends on some raw materials, or commodities
Tuesday 52-Week YTD
Close Net chg % Chg High Low % Chg % chg
DJ Commodity 581.84 5.55 0.96 647.86 563.68 -5.83 -9.41
TR/CC CRB Index 164.93 1.43 0.88 189.66 159.45 -9.33 -11.23
Crude oil,$ per barrel 47.18 0.43 0.92 66.30 44.76 -16.58 -22.73
Natural gas,$/MMBtu 1.800 0.044 2.51 2.884 1.684 -37.59 -17.77
Gold,$ per troy oz. 1642.10 49.80 3.131672.40 1269.30 28.09 8.07

CURRENCIES & COMMODITIES


Currencies
U.S.-dollar foreign-exchange rates in late New York trading
US$ vs,
Tues YTD chg
Country/currency in US$ per US$ (%)
Americas
Argentinapeso .0161 62.2176 3.9
Brazilreal .2215 4.514712.3
Canadadollar .7471 1.3386 3.0
Chilepeso .001229 813.5010.0
Colombiapeso .000289 3463.22 5.5
EcuadorUS dollar 11 unch
Mexicopeso .0514 19.4536 2.8
Uruguaypeso .02555 39.1400 5.4
Asia-Pacific
Australiandollar .6584 1.5188 6.6
Chinayuan .1436 6.9621–0.02
Hong Kongdollar .1287 7.7711–0.3
Indiarupee .01369 73.050 2.4
Indonesiarupiah .0000700 14282 2.9
Japanyen .009335 107.12–1.4
Kazakhstantenge .002630 380.30–0.4
Macaupataca .1249 8.0087–0.1
Malaysiaringgit .2373 4.2134 3.0
New Zealanddollar .6274 1.5939 7.3
Pakistanrupee .00648 154.295–0.5
Philippinespeso .0197 50.860 0.3
Singaporedollar .7205 1.3879 3.1
South Koreawon .00084671181.00 2.2
Sri Lankarupee .0054948181.99 0.4
Taiwandollar .03344 29.906–0.03
Thailandbaht .03184 31.410 5.5

US$ vs,
Tues YTD chg
Country/currency in US$ per US$ (%)
Vietnamdong .00004307 23219 0.2
Europe
Czech Rep.koruna .04396 22.750 0.3
Denmarkkrone .1495 6.6887 0.4
Euro areaeuro 1.1172 .8951 0.4
Hungaryforint .003324 300.82 1.9
Icelandkrona .007856 127.29 5.1
Norwaykrone .1078 9.2766 5.7
Polandzloty .2594 3.8550 1.6
Russiaruble .01514 66.055 6.4
Swedenkrona .1056 9.4720 1.1
Switzerlandfranc 1.0455 .9565–1.1
Turkeylira .1637 6.1099 2.7
Ukrainehryvnia .0401 24.9651 5.5
UKpound 1.2813 .7805 3.5
Middle East/Africa
Bahraindinar 2.6551 .3766–0.1
Egyptpound .0639 15.6522–2.5
Israelshekel .2905 3.4419–0.3
Kuwaitdinar 3.2665 .3061 1.0
Omansul rial 2.5976 .3850–0.01
Qatarrial .2746 3.642–0.05
Saudi Arabiariyal .2665 3.75220.02
South Africarand .0649 15.415810.1
CloseNet Chg% ChgYTD % Chg
WSJ Dollar Index90.89 –0.39–0.43 1.48
Sources: Tullett Prebon, Dow Jones Market Data

Dow Jones Industrial Average


25917.41t785.91, or 2.94%
High, low, open and close for each
trading day of the past three months.

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

20.15 17.96
15.84 15.90
2.51 2.24
29551.42, 02/12/20

24100

25000

25900

26800

27700

28600

29500

Nov. Dec. Jan. Feb.


Current divisor 0.14744568353097

Bars measure the point change from session's open

t

t

Session high

Session low

Session open
Close Open

Close

DOWN UP
65-day moving average

S&P 500 Index


3003.37t86.86, or 2.81%
High, low, open and close for each
trading day of the past three months.

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

22.75 20.77
16.82 16.68
2.05 1.97
3386.15, 02/19/20

2800

2900

3000

3100

3200

3300

3400

Nov. Dec. Jan. Feb.

65-day moving average

*Weekly P/E data based on as-reported earnings from Birinyi Associates Inc.;†Based on Nasdaq-100 Index


MARKETS DIGEST


NOTICE TO READERS
Effective Wednesday, March 4th, 2020, the WSJ U.S. Prime rate
will be 4.25%, the Federal Funds Discount Rate will be 1.75% and the
Federal Funds Target Rate will be 1.00-1.25%.
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