Stocks
In a Robust Market, Tech Stands Out
(MONEY Magazine) – All benchmarks rose in September, with the Dow chasing (but not quite reaching) a record high. Tech-heavy Nasdaq was up 4%, bolstered by an 8.3% gain at widely held Cisco Systems; shares of the network equipment maker rose on forecasts of greater demand for high-bandwidth services. The S&P's consumer discretionary sector, which includes major retailers and hotels, rose for the first time since April; low interest rates are expected to fuel consumer spending. S&P 500 SECTOR AVERAGES TOP-PERFORMING STOCKS BENCHMARKS S&P 500 RATIOS P/E 17.9 DIVIDED YIELD 1.85% HIGHEST-YIELDING DOW STOCKS MOST WIDELY HELD STOCKS NOTES AND SOURCES: Unless otherwise noted, data as of Sept. 28 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. N.A.: Not applicable or not available. [1] Annualized. [2] Price change only. |
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