Stock Market Barometers
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Fundamental and technical indicators of the market’s health
Key indexes vs. their 200-day moving averages:
For the record:
12:00 a.m. Sept. 2, 1998 Market Savvy For the Record
Los Angeles Times Wednesday September 2, 1998 Home Edition Business Part D Page 4 Financial Desk 3 inches; 91 words Type of Material: Correction
Barometers--The S&P; 500 and Russell 2,000 graphs in the Stock Market Barometers chart were incorrect in Tuesday’s editions. The graphs appear again today, updated with Tuesday’s data.
Key indexes vs. their 200-day moving averages:
A stock index’s 200-day moving average indicates the basic trend, up or down. It is generally bullish if the index stays above the average.
S&P; 500 (blue-chip stocks): Tuesday: 994.24
200-day moving average: 1,060.30
*
Russell 2,000 index (small stocks): Tuesday: 348.10
200-day moving average: 445.69
Source: A.G. Edwards & Sons. More information can be found at https://www.agedwards.com on the World Wide Web.
A stock index’s 200-day moving average indicates the basic trend, up or down. It is generally bullish if the index stays above the average.
S&P; 500 (blue-chip stocks), Monday: 957.28
200-day moving average, Monday: 1,059.91
*
Russell 2,000 Index (smaller stocks), Monday: 337.95
200-day moving average: 446.06
Data are for Monday
Price-to-earnings ratio of Standard & Poor’s 500: 21.09*
Based on operating earnings per share, 12 months ended March 31;
average since 1923: 13.5
*
Dividend yield of the Standard & Poor’s 500: 1.68%
Average dividend yield of blue-chip stocks; avg. since 1923: 4.5%
* Now calculated based on operating earnings, which exclude one-time charges--so P/E is lower than if actual earnings were used.
Source: A.G. Edwards & Sons. More information can be found at
https://www.agedwards.com on the World Wide Web.
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