B8| Monday, November 16, 2020 THE WALL STREET JOURNAL.
New to the Market More B9
Treasury yield curve
Yield to maturity of current bills,
notes and bonds0.000.501.001.502.002.50%1
month(s)3 6 1
years2357102030maturitytTradeweb ICE
Friday ClosetOne year agoForex Race
Yen, euro vs. dollar; dollar vs.
major U.S. trading partners–10–50510%20192020Euro
s
YensWSJ Dollar indexsSources: Tradeweb ICE U.S. Treasury Close; 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
U.S. Treasury, Barclays 0.610 0.570 7.95 5.23
U.S. Treasury Long, Barclays 1.490 1.440 17.34 10.70
Aggregate, Barclays 1.230 1.190 n.a. 39 127 7.29 5.27
Fixed-Rate MBS, Barclays 1.340 1.300 n.a. 28 132 4.07 3.72
High Yield 100, ICE BofA 4.190 4.137 380 271 1018 3.740 4.508
Muni Master, ICE BofA 1.059 1.076 36 -12 41 4.794 4.091
EMBI Global, J.P. Morgan 4.532 4.650 348 277 662 5.710 4.677
Sources: J.P. Morgan; S&P Dow Jones Indices; Bloomberg Barclays; ICE Data ServicesConsumer Rates and Returns to Investor
U.S. consumer rates
A consumer rate against its
benchmark over the past year0.001.002.003.004.00%DJ
2020FMAMJJASONt5-year
adjustable-rate
mortgage (ARM)t5-year Treasury
note yieldSelected rates
Five-year ARM, Rate
Bankrate.com avg†: 3.21%
Credit Union of New Jersey 2.50%
Ewing, NJ 609-538-4061
American Airlines Federal Credit Union 2.63%
Ft Worth, TX 800-533-0035
Star One Credit Union 2.63%
Sunnyvale, CA 408-742-2801
Webster Bank 2.63%
Hartford, CT 888-493-2783
Associated Bank, NA 2.75%
Rockford, IL 800-682-4989Yield/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 0.00-0.25 0.00-0.25 0.00l 1.50 -1.00
Prime rate 3.25 3.25 3.25 l 4.75 -1.00
Libor,3-month 0.22 0.21 0.21l 1.96 -1.19
Money market,annual yield 0.20 0.21 0.19l 0.58 -0.12
Five-year CD,annual yield 0.59 0.59 0.59l 1.43 -0.90
30-year mortgage,fixed† 2.95 3.08 2.93 l 4.22 -0.97
15-year mortgage,fixed† 2.46 2.62 2.46 l 3.57 -0.84
Jumbo mortgages,$510,400-plus† 2.97 2.95 2.93 l 4.36 -1.32
Five-year adj mortgage(ARM)† 3.21 3.21 2.85 l 4.61 -0.30
New-car loan,48-month 4.14 4.14 4.13 l 4.50 1.13
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
3585.15s75.71, or 2.16% 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 high40.37 24.23
25.65 18.91
1.70 1.87
3585.15, 11/13/2 020002250250027503000325035003750N D J F M A M J J A S O N65-day moving average200-day moving averageNasdaq Composite
t65.94, or -0.55%
last week12050118001155011300
6
November910111213DJ US TSM
s779.54, or 2.16%
last week37200366003600035400
6
November910111213International Stock Indexes
Latest Week 52-Week Range YTD
Region/Country Index Close % chg Low Close High % chg
World The Global Dow 3249.08 5.74 2138.97 • 3300.22 –0.1
DJ Global Index 463.03 2.33 292.30 • 463.03 6.7
DJ Global ex U.S. 266.51 2.84 174.38 • 267.54 1.1
Americas DJ Americas 835.90 1.93 512.68 • 835.90 9.9
Brazil Sao Paulo Bovespa 104723.00 3.76 63569.62 • 119527.63 –9.4
Canada S&P/TSX Comp 16675.64 2.41 11228.49 • 17944.06 –2.3
Mexico S&P/BMV IPC 40791.81 5.87 32964.22 • 45902.68 –6.31
Chile Santiago IPSA 2758.77 5.06 2045.49 • 3567.90 –17.3
EMEA Stoxx Europe 600 385.18 5.13 279.66 • 433.90 –7.4
Stoxx Europe 50 3051.50 5.21 2383.14 • 3539.12 –10.3
Eurozone Euro Stoxx 381.17 6.39 261.53 • 421.34 –5.6
Euro Stoxx 50 3432.07 7.12 2385.82 • 3865.18 –8.4
Austria ATX 2410.27 11.94 1630.84 • 3229.37 –24.4
Belgium Bel-20 3524.20 10.43 2528.77 • 4198.31 –10.9
France CAC 40 5380.16 8.45 3754.84 • 6111.24 –10.0
Germany DAX 13076.72 4.78 8441.71 • 13789.00 –1.3
Greece Athex Composite 655.68 11.49 484.40 • 948.64 –28.5
Israel Tel Aviv 1418.39 3.23 1171.21 • 1751.79 –15.7Italy FTSE MIB 20903.58 6.21 (^14894) • 25478 –11.1
NetherlandsAEX 596.87 4.18 404.10 • 629.23 –1.3
Portugal PSI 20 4367.43 8.08 3596.08 • 5435.85 –16.2
Russia RTS Index 1227.78 4.20 832.26 • 1646.60 –20.7
South AfricaFTSE/JSE All-Share 57182.60 1.41 37963.01 • 59001.87 0.2
Spain IBEX 35 7783.70 13.29 6107.2 • 10083.6 –18.5
Sweden OMX Stockholm 747.71 2.63 478.95 • 749.82 9.8
Switzerland Swiss Market 10492.61 1.65 8160.79 • 11263.01 –1.2
U.K. FTSE 100 6316.39 6.88 4993.89 • 7674.56 –16.3
Asia-Pacific
Australia S&P/ASX 200 6405.20 3.47 4546.0 • 7162.5 –4.2
China Shanghai Composite 3310.10 –0.06 2660.17 • 3451.09 8.5
Hong Kong Hang Seng 26156.86 1.73 21696.13 • 29056.42 –7.2
India S&P BSE Sensex 43443.00 3.70 25981.24 • 43593.67 5.3
Japan Nikkei Stock Avg 25385.87 4.36 16552.83 • 25520.88 7.3
Malaysia FTSE Bursa Malaysia KLCI 1589.69 4.61 1219.72 • 1615.67 0.1
Singapore Straits Times 2711.39 5.15 2233.48 • 3281.03 –15.9
South KoreaKospi 2493.87 3.20 1457.64 • 2493.87 13.5
Taiwan TAIEX 13273.33 2.31 8681.34 • 13273.33 10.6
Source: FactSet; Dow Jones Market Data
Commodities and
Currencies
Last Week YTD
Close Net chg % Chg % chg
DJ Commodity 664.20 20.44 3.18 3.41
TR/CC CRB Index 151.86 4.16 2.81-18.26
Crude oil,$ per barrel 40.13 2.99 8.05-34.28
Natural gas,$/MMBtu 2.995 0.107 3.7036.82
Gold,$ per troy oz. 1885.70-64.60 -3.31 24.10
U.S. Dollar Index 92.72 0.49 0.53 -3.81
WSJ Dollar Index 87.46 0.27 0.31 -2.35
Euro,per dollar 0.84480.0027 0.32 -5.26
Yen,per dollar 104.62 1.26 1.22 -3.70
U.K. pound,in dollars 1.320.0047 0.36 -0.46
52-Week
LowClose(l) High % Chg
DJ Commodity 433.70 l668.77 5.95
TR/CC CRB Index 106.29 l 187.39-16.10
Crude oil,$ per barrel-37.63 l 63.27-30.47
Natural gas,$/MMBtu1.482 l 3.35411.42
Gold,$ per troy oz. 1453.40 l2051.50 28.51
U.S. Dollar Index 92.14l 102.82 -5.39
WSJ Dollar Index 87.19l 97.02 -3.76
Euro,per dollar 0.8378l 0.9352 -6.63
Yen,per dollar 102.37 l 112.11 -3.82
U.K. pound,in dollars 1.15 l 1.34 2.30
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 29933.8328902.1329479.811156.41 4.08 18591.93 l29551.42 5.3 3.3 7.9
Transportation Avg 12379.0311742.2112085.32 470.67 4.05 6703.63 l12096.55 11.1 10.9 8.3
Utility Average 931.30 895.84 910.91 29.15 3.31 610.89 l 960.89 7.4 3.6 6.0
Total Stock Market 37426.0736009.1636830.00 779.54 2.16 22462.76 l 36830 15.5 11.5 11.3
Barron's 400 789.51 773.93 787.29 21.51 2.81 455.11 l 787.29 11.2 7.5 5.0
Nasdaq Stock Market
Nasdaq Composite 12108.0711424.6111829.29 -65.94 -0.55 6860.67 l12056.44 38.5 31.8 20.5
Nasdaq 100 12268.6611512.4711937.84 -153.51 -1.27 6994.29 l12420.54 43.6 36.7 23.6
S&P
500 Index 3645.99 3511.91 3585.15 75.71 2.16 2237.40 l3585.15 14.9 11.0 11.5
MidCap 400 2162.80 2055.07 2113.26 86.31 4.26 1218.55 l2113.26 5.6 2.4 4.9
SmallCap 600 1001.13 948.41 994.29 69.07 7.47 595.67 l 1041.03 1.2 -2.6 3.6
Other Indexes
Russell 2000 1749.36 1652.11 1744.04 99.88 6.08 991.16 l1744.04 9.2 4.5 5.7
NYSE Composite 13930.8813476.2313761.32 542.65 4.11 8777.38 l 14183.2 2.0 -1.1 3.8
Value Line 520.33 490.07 518.77 28.70 5.86 305.71 l 562.05 -3.1 -6.1 -1.2
NYSE Arca Biotech 5569.80 5394.34 5555.17 73.85 1.35 3855.67 l 6142.96 18.9 9.6 10.8
NYSE Arca Pharma 677.65 661.20 673.45 15.61 2.37 494.36 l 675.64 9.5 3.0 8.1
KBW Bank 90.69 81.21 87.53 9.01 11.48 56.19 l 114.12-19.3 -22.8 -3.8
PHLX§Gold/Silver 150.03 139.37 143.38 -12.00 -7.72 70.12 l 161.14 53.2 34.1 21.3
PHLX§Oil Service 35.14 29.08 33.75 4.994 17.37 21.47 l 80.99-50.1 -56.9 -37.5
PHLX§Semiconductor2604.50 2417.39 2508.82 -20.45 -0.81 1286.84 l 2529.27 43.9 35.6 24.3
CBOE Volatility 27.27 22.41 23.10 -1.76 -7.08 11.54 l 82.69 91.7 67.6 26.2
Nasdaq PHLX Sources: FactSet; Dow Jones Market Data
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Benchmark Yields and RatesBenchmark Yields and Rates
MARKETS DIGEST
Dow Jones Industrial Average
29479.81s1156.41, or 4.08% 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 high
29.48 20.89
24.32 18.60
2.07 2.22
29551.42, 02/12/20
16000
18000
20000
22000
24000
26000
28000
30000
ND J F M A M J J A S O N
Current divisor 0.15198707565833
Bars measure the point change from Monday's open
t
t
Week's high
Week's low
Monday's open
Friday's close Monday's open
Friday's close
DOWN UP
Primary
market ttComposite
65-day moving average
200-day moving average
NYSE weekly volume, in billions of shares
0
12
24
36
ND J F M A M J J A S O N
Weekly P/E data based on as-reported earnings from Birinyi Associates Inc.;†Based on Nasdaq-100 Index
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 .0125 79.722333.1
Brazilreal .1832 5.458535.8
Canadadollar .7616 1.3130 1.1
Chilepeso .001304 767.10 3.8
Colombiapeso .000274 3643.4011.0
EcuadorUS dollar 11 unch
Mexicopeso .0490 20.4109 7.8
Uruguaypeso .02333 42.855015.4
Asia-Pacific
Australiandollar .7272 1.3751–3.5
Chinayuan .1514 6.6064–5.1
Hong Kongdollar .1290 7.7539–0.5
Indiarupee .01341 74.582 4.5
Indonesiarupiah .0000706 14170 2.1
Japanyen .009559 104.62–3.7
Kazakhstantenge .002324 430.2512.7
Macaupataca .1251 7.9920–0.3
Malaysiaringgit .2426 4.1225 0.8
New Zealanddollar .6849 1.4601–1.7
Pakistanrupee .00631 158.375 2.2
Philippinespeso .0207 48.194–5.0
Singaporedollar .7419 1.3478 0.1
South Koreawon .00090241108.12–4.1
Sri Lankarupee .0054130184.74 1.9
Taiwandollar .03512 28.474–4.8
Thailandbaht .03317 30.150 1.3
US$ vs,
Fri YTD chg
Country/currency in US$ per US$ (%)
Vietnamdong .00004315 23176 0.02
Europe
Czech Rep.koruna .04478 22.329–1.5
Denmarkkrone .1589 6.2947–5.5
Euro areaeuro 1.1838 .8448–5.3
Hungaryforint .003310 302.10 2.3
Icelandkrona .007329 136.4512.7
Norwaykrone .1091 9.1637 4.4
Polandzloty .2641 3.7866–0.2
Russiaruble .01292 77.37624.7
Swedenkrona .1151 8.6899–7.2
Switzerlandfranc 1.0958 .9126–5.7
Turkeylira .1305 7.665728.9
Ukrainehryvnia .0355 28.150018.9
UKpound 1.3199 .7576 0.5
Middle East/Africa
Bahraindinar 2.6521 .37710.01
Egyptpound .0639 15.6375–2.6
Israelshekel .2969 3.3684–2.5
Kuwaitdinar 3.2700 .3058 0.9
Omansul rial 2.5976 .3850–0.01
Qatarrial .2746 3.641–0.1
Saudi Arabiariyal .2666 3.7507–0.02
South Africarand .0645 15.507010.8
CloseNet Chg% ChgYTD % Chg
WSJ Dollar Index87.46 –0.30–0.34–2.35
Sources: Tullett Prebon, Dow Jones Market Data
Public Offerings of Stock
IPOs in the U.S. Market
Initial public offerings of stock expected this week; might include some
offerings, U.S. and foreign, open to institutional investors only via the
Rule 144a market; deal amounts are for the U.S. market only
Symbol/ Pricing
Expected primary Shares Range($)
pricing date Filed Issuer/business exchange (mil.) Low/High Bookrunner(s)
11/19 10/23 Sotera Health Co SHC 46.6 20.00/JPM, Credit Suisse, GS,
A leading global provider of
mission-critical
sterilization and lab testing
and advisory services to
the medical device and
pharmaceutical industries.
Nq 23.00Jefferies
11/19 10/6 Telos Corp TLS 12.4 16.00/B Riley Securities,
Software-Computer,
Traditional & Other.
Provider of information
technology software to
government agencies and
commercial enterprises.
Nq 18.00BMO Cptl Mkts,
Needham
11/16 10/2 Aspire Real Estate Investors Inc ASPI 15.0 20.00/MS, B Riley Securities,
REIT focused on portfolio
of primarily affordable and
workforce multifamily
properties in dynamic U.S.
metropolitan areas.
N 20.00WFS, BMO Cptl Mkts,
KeyBanc
Off the Shelf
“Shelf registrations” allow a company to prepare a stock or bond for
sale, without selling the whole issue at once. Corporations sell as
conditions become favorable. Here are the shelf sales, or takedowns,
over the last week:
Takedown date/ Deal value
Issuer/Industry Registration date ($ mil.) Bookrunner(s)
InMed Pharmaceuticals Inc Nov. 12 $8.0 Roth Cptl Ptnrs,
Healthcare June 19, 320 Brookline Capital Markets
TherapeuticsMD Inc Nov. 10 $30.0 Cantor Fitzgerald & Co
Healthcare July 31, 318
Safehold Inc Nov. 10 $56.1 GS, BofA Securities, JPM, Barclays,
Real Estate/Property July 2, 318 Mizuho, Truist Financial Corp
American Airlines Group Inc Nov. 10 $500.5 BofA Securities
Transportation Feb. 19, 320
OrganiGram Holdings Inc Nov. 10 $53.1 Canaccord Genuity
Healthcare Nov. 6, 319
Pacific Biosciences of California IncNov. 11 $105.5 MS, Cowen & Company LLC,
Healthcare Nov. 10, 320 Cantor Fitzgerald & Co
Arbor Realty Trust Inc Nov. 10 $94.5 JPM, JMP Securities LLC,
Real Estate/Property Aug. 7, 320 Raymond James & Associates Inc
Aurora Cannabis Inc Nov. 11 $150.0 BMO Cptl Mkts,
Healthcare Oct. 27, 320 ATB Capital Markets Inc, CIBC
Five Prime Therapeutics Inc Nov. 12 $151.2 Cowen & Company LLC, SVB Leerink
Healthcare Nov. 6, 318
Taseko Mines Ltd Nov. 11 $23.0 Cantor Fitzgerald & Co, Velocity Trade Hldings
Mining May 1, 320 BMO Cptl Mkts, Natl Bank Finl
Public and Private Borrowing
Treasurys
Monday, November 16 Wednesday, November 18
Auction of 13 and 26 week bills; Auction of 20 year bond;
announced on November 12; settles on November 19announced on November 12; settles on November 30
Thursday, November 19
Auction of 4 week bill;
announced on November 17; settles on November 24
Auction of 8 week bill;
announced on November 17; settles on November 24
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 1,156.41 points, or 4.08%, on the week. A $1 change in the
price of any DJIA stock = 6.58-point change in the average. To date, a
$1,000 investment on Dec. 31 in each current DJIA stock component
would have returned $31,747, or a gain of 5.82%, on the $30,000
investment, including reinvested dividends.
The Week’s Action
Pct Stock pricePoint chg $1,000 Invested(year-end '19)
chg (%)change in average Company SymbolClose $1,000
18.93 18.30 120.40 American Express AXP$114.99 $940
18.62 29.37 193.24 Boeing BA 187.11 578
16.70 11.88 78.16 Chevron CVX 83.03 717
14.47 5.40 35.53 Walgreens WBA 42.71 748
10.80 11.12 73.16 JPMorgan Chase JPM 114.08 848
10.31 3.87 25.46 Cisco CSCO 41.40 892
9.37 17.27 113.63 Honeywell HON 201.54 1,165
8.85 17.82 117.25 Goldman Sachs GS 219.08 971
8.55 10.90 71.72 Walt Disney DIS 138.36 957
8.09 4.00 26.32 Coca-Cola KO 53.45 991
7.75 3.74 24.61 Dow DOW 51.97 999
6.46 10.42 68.56 Caterpillar CAT 171.71 1,197
6.05 12.01 79.02 Visa V 210.48 1,127
6.01 7.63 50.20 Travelers TRV 134.63 1,004
5.38 7.65 50.33 Johnson & Johnson JNJ 149.90 1,048
4.32 2.53 16.65 Verizon VZ 61.06 1,038
4.15 6.77 44.54 3M MMM169.79 990
3.27 4.77 31.38 Walmart WMT150.54 1,283
2.46 5.69 37.44 Amgen AMGN237.36 1,012
2.46 2.81 18.49 IBM IBM 116.85 917
2.36 8.21 54.02 UnitedHealth GroupUNH 355.67 1,225
0.91 0.73 4.80 Merck MRK 81.09 912
0.73 1.05 6.91 Procter & Gamble PG 144.28 1,184
0.48 0.57 3.75 Apple AAPL119.26 1,639
0.15 0.07 0.46 Intel INTC 45.46 778
–0.48 –0.62 –4.08 Nike NKE 128.28 1,276
–1.51 –3.28 –21.58 McDonald’s MCD 213.28 1,100
–2.49 –7.07 –46.52 Home Depot HD 277.17 1,293
–3.22 –7.21 –47.44 Microsoft MSFT216.51 1,384
–4.09 –10.64 –70.01 salesforce.com CRM 249.51 1,534
Based on Composite price. DJIA is calculated on primary-market price.
Source: Dow Jones Market Data; FactSet.
Track the Markets
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bond ETFs, currencies and
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