Rates Help Shift Stock Winners.

Examines the impact of rising bond yields on the stock portfolios of investors. Financial performance of the Dow Jones Industrial Average since June 2003 when the bond yields began to rise after a 45-year low; Reaction of investors to the interest-rate rise, indicating a shift to companies that benefit from a growing economy; View that there is great uncertainty about the economic recovery; Spending habits of corporations and consumers; Impact of recent economic activity on the house building industry; Performance of industrial-equipment makers, such as Caterpillar Inc. and Deere & Co.