2R SUNDAY, JANUARY 10, 2016 Business D3 Money&Markets Financial Markets For an explanation of footnotes: markets.ap.org/footnotes.htm. Weekly closes StocksRecap Northwest Stocks Wk Vol. Close Stock (000s) 1 Microsoft 52.33 230,275 13.33 131,403 2 MicronT 3 Starbucks s 56.63 52,315 58.87 49,039 4 NikeB s 1.90 36,715 5 HeclaM 607.05 31,878 6 Amazon 7 T-MobileUS 39.88 28,939 129.99 25,881 8 Boeing 9 Nordstrm 46.24 25,549 27.90 20,977 10 Weyerhsr 5.45 17,088 11 Lattice 152.11 13,607 12 Costco -26.45 -47.17 -21.06 MON TUES WED THUR FRI Close Weekly % Chg 1.97 19.36 .19 16.62 30.28 2.55 5.42 23.54 .40 1.13 12.73 8.47 +40.7 +15.8 +15.2 +9.9 +7.9 +4.5 +4.4 +4.0 +3.1 +2.8 +2.5 +2.0 Close 11.50 14.92 24.56 1.76 86.29 20.76 11.97 9.23 36.39 37.36 2.31 5.45 -26.9 -25.7 -24.7 -20.7 -19.1 -18.7 -18.6 -17.5 -17.2 -16.8 -16.6 -15.8 5,400 TUES WED THUR Dow30Stocks FRI Dow Jones industrials Close: 16,346.45 1-week change: -1078.58 (-6.2%) 5,000 19,000 4,800 1,900 S&P 500 J A Close: 1,922.03 1-week change: -121.91 (-6.0%) S O N D 9.72 MON TUES J A Close: 4,643.63 1-week change: -363.78 (-7.3%) S O N D 30 industrial 20 transp. 15 utilities 52wk High 18351.36 9214.77 657.17 52wk Low NYSE US 100 Energy Financial Healthcare Nasdaq Industrials Financial Nasd Global Set Nasd Global Mkt Other indexes Wilshire 5000 Russell 1000 Russell 2000 Russell 3000 1867.01 1307.30 622.72 1,922.03 1,308.48 623.42 52wk High 52wk Low 15,000 Close 52wk High 52wk Low Close 4273.96 6051.85 2441.71 2120.73 3541.13 5222.36 2003.58 1516.57 3,823.73 5,269.17 2,177.86 1,517.49 52wk High 52wk Low Close 22537.15 1191.59 1296.00 1275.89 12390.75 7122.74 28588.52 46078.07 20946.93 2173.41 3539.95 9973.12 15524.75 Low Wk Chg Wk % Chg Mo QtrYTD % Chg High 1,918.46 -121.91 1,307.30 -90.10 622.72 -48.32 High Close 9,849.34 5,912.44 20,453.71 40,265.37 17,697.96 1,917.62 2,751.23 7,893.97 12,445.45 High -5.96% t t -6.44% t t -7.19% t t -5.96 -6.44 -7.19 -460.21 -743.07 -462.74 -605.66 -5.58% -7.95% -7.34% -4.89% t t t t t t t t -5.58 -7.95 -7.34 -4.89 Low Wk Chg Wk % Chg Mo Qtr YTD % Chg 4,015.05 5,516.77 2,309.64 1,676.28 3,819.00 5,265.38 2,175.11 1,516.57 High -277.46 -6.77% -313.38 -5.61% -169.20 -7.21% -185.10 -10.87% t t t t t t t t -6.77 -5.61 -7.21 -10.87 Low Wk Chg Wk % Chg Mo Qtr YTD % Chg High 10,485.91 6,242.32 21,794.84 42,963.90 18,951.12 1,930.53 2,835.97 8,114.26 13,009.95 -6.19 -7.49 +.17 Low Wk Chg Wk % Chg Mo Qtr YTD % Chg 19619.26 19,867.10 21,167.86 19,834.34 -1300.76 1042.14 1,063.55 1,128.30 1,061.74 -68.33 1045.10 1,046.20 1,134.07 1,045.10 -89.68 1113.13 1,131.58 1,202.28 1,129.72 -74.52 9325.05 5768.22 20323.97 39262.13 16592.57 1829.81 2729.91 7410.34 12431.89 -6.19% t t -7.49% t t +.17% s t Low Wk Chg Wk % Chg Mo Qtr YTD % Chg 2,038.20 1,392.87 663.02 7364.19 7,785.86 8,172.06 7,768.73 8570.72 8,600.74 9,373.39 8,570.72 5836.46 5,842.94 6,216.95 5,836.46 11525.29 11,779.52 12,320.52 11,754.62 Foreign markets 52wk High 52wk Low Frankfurt London Hong Kong Mexico Tokyo Seoul Singapore Taipei Toronto Close 2134.72 1551.28 742.23 8730.17 13186.92 6900.42 13697.12 High 15370.33 16,346.45 17,405.48 16,314.57 -1078.58 6934.69 6,946.36 7,491.41 6,934.69 -562.35 539.96 578.82 582.72 569.12 +1.00 Standard & Poor’s 52wk High 52wk Low 500 Stocks 400 Mid-cap 600 Small-cap Close WED THUR FRI 16,000 J A S O Major indexes Dow Jones -252.15 -392.41 -167.65 17,000 Nasdaq composite 4,400 4,200 -276.09 18,000 4,600 1,800 1,700 MON -55.66 -146.34 -45.80 5,200 2,000 Worst performers Weekly % Chg -104.32 -11.66 2,100 Best performers Stock 1 Omeros 2 ImmuneDs 3 GreenbCos 4 Oncothyr 5 LithiaMot 6 BoiseCasc 7 NanoString 8 NwstPipe 9 JunoThera 10 SeattGen 11 RadiSys 12 Lattice 4.05 2,200 Most active Stock 1 eMagin 2 Nautilus 3 TimberlnR 4 Zumiez 5 FLIR Sys 6 VBI Vacc 7 ElectSci 8 SoundFin 9 MinesMgt 10 Intellichk 11 TmbrlndBc 12 Rightside -31.28 -6.14% -6.04% -7.90% -6.18% t t t t t t t t -6.14 -6.04 -7.90 -6.18 Low Wk Chg Wk % Chg Mo Qtr YTD % Chg 9,810.47 -893.67 5,887.97 -329.88 20,323.97 -1460.69 40,154.94 -2712.13 17,509.64 -1335.75 1,904.33 -43.69 2,729.91 -131.50 7,852.06 -444.09 12,431.89 -564.50 -8.32% -5.28% -6.67% -6.31% -7.02% -2.23% -4.56% -5.33% -4.34% t t t t t t t t t t t t t t t t t t -8.32 -5.28 -6.67 -6.31 -7.02 -2.23 -4.56 -5.33 -4.34 Company Ticker 1. Nike Inc B NKE 2. McDonalds Corp MCD 3. Gen Electric GE 4. Home Depot HD 5. Microsoft Corp MSFT 6. Unitedhealth Group UNH 7. Visa Inc V 8. Disney DIS 9. Boeing Co BA 10. JPMorgan Chase & Co JPM 11. Travelers Cos TRV 12. Verizon Comm VZ 13. Pfizer Inc PFE 14. CocaCola Co KO 15. Johnson & Johnson JNJ 16. Cisco Syst CSCO Close N D % Chg 1 Wk 1 Mo $ Chg 1 Wk 58.87 -3.63 -5.8 -6.8 115.48 -2.66 -2.3 -0.5 28.45 -2.70 -8.7 -6.0 123.90 -8.35 -6.3 -5.0 52.33 -3.15 -5.7 -3.2 110.16 -7.48 -6.4 -5.0 72.88 -4.67 -6.0 -4.2 99.25 -5.83 -5.5 -8.1 129.99 -14.60 -10.1 -10.1 58.92 -6.67 -10.2 -8.0 105.99 -6.87 -6.1 -3.4 44.83 -0.80 -1.8 0.0 31.00 -1.28 -4.0 -3.3 41.51 -1.45 -3.4 -1.8 98.16 -4.56 -4.4 -3.5 24.78 -2.17 -8.0 -5.3 J 1 Yr ((*#@ 9976532 27.4 ((*#@ 997632 26.7 ((*#@ 99642 24.1 ((*#@ 9921 22.4 ((*#@ 97632 15.6 ((*#@ 972 14.0 ((*#@ 9654321 13.9 ((*#@ 874 8.7 ((*#@ 765432 5.5 ((*#@ 765 4.9 ((*#@ 752 3.6 ((*#@ 7 2.8 ((*#@ 65 2.1 ((*#2 -0.1 ((^%$#741 -3.2 ((^$#@75321 -3.8 Dow Jones industrial average 16346.45 -1078.58 -6.2 -5.3 ((*#@ 86521 -7.8 17. DuPont 18. Apple Inc 19. Intel Corp 20. 3M Company 21. Goldman Sachs Grp 22. IBM 23. Procter & Gamble 24. Merck & Co 25. Exxon Mobil Corp 26. Utd Technologies 27. Chevron Corp 28. Caterpillar Inc 29. WalMart Strs 30. Amer Express DD 61.17 -5.43 -8.2 -13.2 (*&$#@8654 -8.0 AAPL 96.96 -8.30 -7.9 -14.3 (*&8731 -8.6 INTC 31.51 -2.94 -8.5 -8.1 (*^%$!8743 -8.9 MMM 140.49 -10.15 -6.7 -9.3 (*^%@87521 -9.2 GS 163.94 -16.29 -9.0 -7.1 (*%876532 -10.7 IBM 131.63 -5.99 -4.4 -2.2 (*#@!87654321 -11.1 PG 75.97 -3.44 -4.3 -2.3 (*932 -11.4 MRK 51.08 -1.74 -3.3 -2.1 (&^@963 -12.7 XOM 74.69 -3.26 -4.2 0.5 (&%$#@!9632 -12.8 UTX 90.40 -5.67 -5.9 -3.1 (%!97653 -16.2 CVX 82.13 -7.83 -8.7 -5.0 *&$#@!9865321 -19.1 CAT 63.29 -4.67 -6.9 -3.3 &^@99621 -23.8 WMT 63.54 2.24 3.7 7.0 &%#!99651 -24.4 AXP 63.63 -5.63 -8.1 -7.6 99832 -28.1 Industry focus Oil sector, mining hit hard by defaults ro, former head of discount carrier AirTran, as its new CEO. MA R K E T P U L S E Companies in the S&P 500 index paid out 10 percent more in total dividends in 2015 than they had the previous year. Dividend payments have grown by double digits for five years in a row, according to S&P Dow Jones Indices, and they have set records for four straight years. After break­ ing all those records, howev­ er, individual companies are raising their dividends at a somewhat slower pace: The average dividend increase last year was about 13 per­ cent, down from 17.5 per­ cent in 2014. Standard & Poor’s says 112 corporations went into default last year — the most since 2009 but still less than half the total in that year. The oil and gas sector made up more than a quarter of the total and the mining sector was the next­hardest hit. That’s not a surprise since energy and metals prices plunged in 2015. Most of the companies that defaulted were based in the U.S., but defaults in emerg­ ing markets also rose to their highest levels in six years. Most read in Business Top stories on seattletimes.com JOHN LOCHER / AP The 2016 Consumer Electronics Show ran from Tuesday through Saturday in Las Vegas. TOP 10 STORIES READ ONLINE LAST WEEK: 1.  King County home prices hit new highs, inventory at new lows 2.  CES 2016: Updates from Day 1 of the 2016 Consumer Electronics Show 3.  Keep watch in 2016 on these Seattle startup stars 4.  Record deliveries keep Boeing ahead of Airbus 5.  Windows updates come as a surprise Q&A with Patrick Marshall 6.  CES 2016: Updates from Day 2 of the Consumer Electronics Show 7.  CES 2016: Updates from Day 3 of the Consumer Electronics Show 8.  The marriages of power couples reinforce income inequality 9.  Some Microsoft contract workers to be out of a job Friday 10. Starbucks brings its barista coffee guide to the Web TO READ THESE and other stories go to seattletimes.com/ business technology Spirit’s CEO switch Ben Baldanza stepped down after nine years as chief executive officer of Spirit Airlines. Baldanza helped make the company profitable by turning Spirit into an “ultra­low­cost carri­ er” that offered inexpensive tickets but levied fees on everything from snacks to seat assignments to using the overhead bin. It gar­ nered attention with some­ times racy ads. In the last year, passenger revenue slumped and the stock fell by half. The com­ pany named Robert Forna­ Average dividend rate changes in S&P 500 companies Excluding issues which have at least doubled 26.5 Dividends growing 20.2 20.4 17.9% 17.5 Industry 1 Wk 1 Mo 1. Utilities 2. Telecommunications 3. Consumer Goods 4. Health Care 5. Consumer Services DJ Total Market index 6. Financials 7. Industrials 8. Oil & Gas 9. Technology 10. Basic Material -0.4 -2.9 -4.9 -5.8 -5.2 -6.1 -7.0 -6.7 -7.0 -7.2 -8.1 4.3 0.5 -3.0 -3.0 -4.2 -4.7 -5.2 -5.7 -6.4 -7.1 -8.5 13.1 Aerospace & Defense Heico Corp Heico Inc A AAR Corp HEI HEI/A AIR Support Services Progressive Waste Heartland Paymt Sys Higher One Hldgs BIN HPY ONE General Industrials ’10 ’11 ’12 ’13 ’14 ’15 Source: S&P Dow Jones Indices The Associated Press Insider trading UFP Technologies Otter Tail Corp NACCO Inds UFPT OTTR NC Industrial Engineering Milacron Holdings Eastern Co Hurco Mfg 1 Yr (((&%@!985 -8.7 ((((^%$!8642 -3.7 ((((*%752 -1.8 ((((^%$!8642 -3.7 ((((*&^@! 641 0.9 (((*^$#@!9653 -6.7 (((*%$97421 -7.2 (((&%$#98321 -8.5 999987621 -27.2 ((((%#874321 -4.5 (^%$9998642 -20.4 Record deposits at Vanguard as investors shift to indexing Morningstar data show. On the bond side, funds that track indexes won $93.8 billion, compared with outflows of $25.7 billion for active funds. The shift has produced losers as well as winners. Franklin Resources said in October that clients pulled a net $28.6 billion during the prior quarter, the worst such outflow ever for the firm. The San Mateo, Calif.­ based company suffered as the slump in emerging markets and energy dragged down the perfor­ mance of some of its biggest mutual funds. Pacific Investment Man­ agement, best known for its bond funds, also saw re­ demptions after star man­ ager Bill Gross left the firm in September 2014. Assets at Pimco, based in Newport Beach, Calif., fell to $1.47 trillion as of Sept. 30 from $1.97 trillion in June 2014. -6.2 -5.1 +6.2 -2.8 +2.8 +15.6 +11.1 +11.0 -7.3 -5.5 -1.4 -1.5 +0.3 +4.4 +2.9 +2.4 -2.5 (^5432 -2.5 +8.3 ($@!652 -4.2 +9.2 (^%$#@ 7654 +10.0 +5.9 *&^@75421 -7.6 -6.7 (%$#61 -2.8 -8.9 &^%$#@!865432 -15.9 +38.4 (^%$#@ 99982 +74.9 +44.8 &^%$!873 -16.4 -2.8 (^%$#@ 6 2.7 -7.3 (^%$#@ 643 +3.7 -4.6 *^%#@!832 -11.2 -16.0 ^95431 -23.8 -13.6 ^#@!9532 -23.2 -6.4 +11.3 +7.4 +7.2 -21.6 (^%$#@ 0.0 +13.9 (^%$#@ 7 +5.4 -4.8 &$@876521 -20.3 -17.1 965432 -26.5 Industrial Transportation -6.8 -6.7 Hoegh LNG Ptrs LP Willis Lease Finance Air Transport Svcs -8.0 -3.9 -5.8 +33.4 +9.7 +4.6 HMLP WLFC ATSG Radcom Ltd Nam Tai Property Allied Motion Tech Source: Thomson Financial -4.1 +13.2 +11.6 +7.9 -7.2 Electronic/Elec. Equipment Range of Company Ticker Insider Title $ Value Shares share values Trade dates Cascade Microtech CSCD John Delafield Jr.. DO $56,750 3,500 $16.00­16.25 Dec. 31­Jan. 4 CTI BioPharma CTIC James Bianco CEO 138,631 110,000  1.26­1.29 Dec. 28­30 Digimarc DMRC Bruce Davis CEO 174,000 5,000  34.80 Jan. 4 Lattice Semiconductor LSCC Balaji Krishnamurthy D 70,000 10,000  7.00 Dec. 29 Nike NKE Tim Cook D 1,024,566 16,000  64.04 Dec. 29 Nike NKE Jeanne Jackson O 1,589,408 25,000  63.58 Dec. 28 Plum Creek Timber PCL Thomas Lindquist P 852,338 17,500  48.71 Dec. 29 Plum Creek Timber PCL Larry Neilson O 2,839,976 58,000  48.97 Dec. 29 Radiant Logistics RLGT Robert Hines Jr. GC 30,681 9,000  3.41 Dec. 31 CEO: Chief Executive Officer. D: Director. DO: Director and Beneficial Owner. GC: General Counsel. O: Officer. P: President. -4.9 +0.7 -2.4 -10.6 MCRN +14.9 EML -3.0 HURC +2.9 SALES year. “It is amazing how in­ Vanguard Group, the grained this trend has be­ biggest U.S. mutual­fund come,” said Lawrence Glaz­ provider, attracted a record er, managing partner at $236 billion in net deposits Mayflower Advisors in in 2015 as investors flocked Boston, where he helps to passively managed prod­ oversee $2 billion. “People ucts. think indexing solves their The flood of money into problems, even though the firm’s U.S. mutual funds there is no evidence it and exchange­traded funds does.” (ETFs) broke the previous Vanguard was founded record of $214.5 billion set in 1975 by John Bogle on in 2014, spokesman John the theory that investors Woerth wrote in a recent would be better off in low­ email. Vanguard, based in cost index funds. The firm Valley Forge, Pa., manages has steadily taken market $3.4 trillion. share from rivals since the The firm is benefiting 2008 financial crisis, col­ from a growing preference lecting about $1 trillion in for vehicles that track in­ deposits in that time peri­ dexes as investors lose faith od, according to Chicago­ in the ability of active man­ based Morningstar. agers to beat the market. In the first 11 months of On Monday, BlackRock, the 2015, passively managed world’s largest money man­ stock mutual funds and ager, said its ETFs, which ETFs gathered about $257 mainly track indexes, billion, compared with pulled in a record $130 redemptions of $108 billion billion in investor cash last for actively run funds, -1.2 0.7 -4.1 -0.9 -4.6 -5.3 -5.0 -7.1 -18.7 -4.5 -9.6 Industrials sectors (best performers) Recent transactions by top insiders at Northwest companies based on reports filed with regulators. By CHARLES STEIN Bloomberg News % Chg 1 Qtr RDCM NTP AMOT Construction & Materials -8.1 -7.0 -7.8 -4.8 -19.2 +8.9 +6.2 +5.6 -7.7 -7.6 +8.8 *&%$@7621 -8.3 +18.4 *&^$@753 -7.0 +0.8 (^%$#@ 943 +22.4 -5.8 *^%8431 -11.8 +29.1 (^%$#@ 87431 +17.1 -12.5 (^%$#@ 96542 +26.2 +1.0 (^%$#@ 5432 +2.5 -7.1 (^$@521 -1.6 Integrated Electricl IESC +0.7 +33.5 +48.7 (^%$#@ 99741 +48.8 Quanex Bldg Pdts NX -6.1 +9.5 -3.4 (^%$#@ 76543 +10.4 Hill International HIL -12.1 +4.6 -9.1 *^%#842 -11.5 Excludes stocks with market values less than $100 million. Bar chart for stocks with annual returns of more than 100 percent not shown to scale. Top weekly exchange-traded funds Fund Ticker Close $ Chg 1 Wk Direxion BiotechBear ProShs Ultra VIX ST CS VS 2x Vix ShTm CS VelSh 3xInvCrude PwSh Crude Oil Long ProShsUlt ShtNasdBio Direx China Bear 3x Direx SOX Bear 3X Direxion NatGas Bear C-Trk CitiVolIdx Direx Russia Bear3x Direx Homebld Bear ProSh UltSh Semi Direxion EmMktBear3x Direx S&P O&G Bear ProShs UltPro ShtR2K Direxion SCapBear 3x ProShs UltSht Mexico ProShs UltProShtFin ProSh Ult Shrt Biotc CS VS Vix ShtTerm ProShs Vix ST Fut PwSh Crude DblSht ProSh UltSh China 50 ProShs UltSht Crude Barc iPath Vix ST ProShs UltPro ShtQQQ Direxion EngyBear 3x Direxion FinBear 3x Direxion DvMktBear3x Pro UltPro ShtMid400 Direxion MCapBear3x Direxion TechBear 3x AccuSh Spot Vix Up Direx Hlthcre Bear Pro UltPro ShtDow30 ProShs UltSh Pac xJp CS VS 2x Vix MidTm Direx S&P500Bear 3x ProShs UltSht S&P500 ProShs UltSh Homebld CS VelSh 3xLongNatGs Direxion Cyber Sec ProSh UltSht Emkts ProSh UltSht BasMat Dir Dly Gold Bull3x ProSh UltSht R2K ProShs UltSht Brazil ProShs UltSh O&G Exp ProSh UltSht SmCap LABD UVXY TVIX DWTI OLO ZBIO YANG SOXS GASX CVOL RUSS CLAW SSG EDZ DRIP SRTY TZA SMK FINZ BIS VIIX VIXY DTO FXP SCO VXX SQQQ ERY FAZ DPK SMDD MIDZ TECS VXUP SICK SDOW JPX TVIZ SPXS SPXU HDZ UGAZ HAKD EEV SMN NUGT TWM BZQ SOP SDD 47.11 42.82 9.40 276.89 6.41 28.22 135.01 53.56 70.40 0.56 48.42 55.42 50.59 60.02 106.30 37.04 56.73 33.77 23.46 35.73 33.56 16.49 195.48 51.84 165.04 24.83 23.02 36.12 50.60 37.62 41.65 54.79 37.61 19.15 45.18 21.32 29.28 15.97 20.17 37.77 22.29 2.90 49.12 28.18 40.45 28.51 46.00 94.53 40.66 42.99 16.02 14.46 3.14 77.10 1.78 7.71 35.90 13.39 16.86 0.13 10.90 12.31 11.09 13.04 22.73 7.72 11.73 6.87 4.68 7.02 6.44 3.16 37.36 9.90 31.40 4.73 4.37 6.81 9.42 6.71 7.37 9.70 6.51 3.30 7.70 3.59 4.90 2.65 3.25 6.06 3.54 0.46 7.81 4.33 6.13 4.23 6.71 13.40 5.70 5.82 1 Wk 51.5 51.0 50.2 38.6 38.5 37.6 36.2 33.3 31.5 31.1 29.1 28.6 28.1 27.8 27.2 26.3 26.1 25.5 24.9 24.5 23.7 23.7 23.6 23.6 23.5 23.5 23.4 23.2 22.9 21.7 21.5 21.5 20.9 20.8 20.5 20.2 20.1 19.9 19.2 19.1 18.9 18.9 18.9 18.1 17.8 17.4 17.1 16.5 16.3 15.7 % Return 1 Mo 19.1 7.5 7.7 33.5 37.0 14.7 18.2 30.0 7.2 2.8 19.5 19.0 21.2 13.5 30.4 21.2 21.0 11.5 15.3 10.1 6.6 6.5 22.5 12.3 23.0 6.5 17.6 17.4 13.8 14.0 17.7 17.7 17.8 -19.4 7.7 15.9 5.5 -0.4 12.4 12.6 15.5 65.7 14.2 9.1 17.3 0.2 14.1 31.7 19.2 13.0 1 Yr ... -71.5 -71.5 73.2 -36.9 ... 19.6 -13.2 ... -55.6 -57.2 ... -4.4 50.4 ... 6.2 4.8 26.6 -6.5 -20.8 -28.3 -28.3 98.2 23.2 74.7 -28.2 -28.5 43.9 -9.6 -7.0 3.6 2.5 -23.5 ... ... -3.2 17.1 -33.2 -9.3 -7.7 ... -86.2 ... 36.5 26.4 -78.6 7.3 119.3 ... -1.3