Stocks
Rate Hike Fears Weigh Down Small Stocks

(MONEY Magazine) – Concern about rising interest rates continued to push all stock benchmarks down for the second straight month. The Russell 2000 index of small-company stocks was hit the hardest, and the 5.1% drop is no surprise: Small companies rely on low rates and easy credit to fuel growth. The S&P's telecom sector was up 3.4%, thanks in part to an 8% spike in carrier AT&T's stock. The widely held and high-yielding company recently announced plans to acquire BellSouth.

S&P 500 SECTOR AVERAGES

TOP-PERFORMING STOCKS

BENCHMARKS

S&P 500 RATIOS

P/E Current 17.2 One year range DIVIDED Current 1.95 One year range

HIGHEST-YIELDING DOW STOCKS

MOST WIDELY HELD STOCKS

NOTES AND SOURCES: Unless otherwise noted, data as of June 22 from Lipper, New York; 877-955-4773. Index levels from Bloomberg. Bond index data from Lehman Brothers. Stock data from Thomson/Baseline. Monthly S&P 500 ratios from Standard & Poor's. Ratios are based on previous four quarters of earnings. Top-Performing Stocks limited to companies with market capitalization of at least $500 million. Most Widely Held Stocks ranked by largest accounts at Merrill Lynch. [1] Annualized. [2] Price change only.

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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.