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NASDAQ Weekly Market Pulse

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Housing Sector underperforms as market moves modestly lower

ADVISORY, Aug. 14, 2013 (GLOBE NEWSWIRE) -- Gold and metals stocks rose sharply over the past five trading days as the PHLX GOLD/SILVER SECTOR INDEX (XAU), which tracks companies involved in the gold or silver mining industry, rose 12.9%. Overall, U.S. stocks moved modestly lower as investors digested second quarter earnings and begin to look ahead to the September U.S. Federal Reserve meeting. U.S. housing sector stocks notably underperformed, moving into negative territory year-to-date. The PHLX HOUSING SECTOR INDEX (HGX) fell 3.4% during this time period.

"U.S. stocks have been lagging as investors scrutinize macroeconomic growth data and corporate earnings while speculating on the timing of Fed stimulus curtailment," said Dave Gedeon, Managing Director, NASDAQ OMX Global Indexes. "In addition, European stocks have been stronger as their data improves."

TOP INDEX MOVERS

LAST 5 TRADING DAYS (+/-)

TOP 5 EQUITY INDEXES: 8/7/13 -8/13/13
NASDAQ CHINA INDEX(NQCN) +4.0%
PHLX HOUSING SECTORINDEX (HGX) -3.4%
NASDAQ EM EUROPEINDEX (NQEMEU) +2.8%
NASDAQ EMERGINGMARKETS INDEX (NQEM) +1.9%
NASDAQBIOTECHNOLOGYINDEX (NBI) -1.3%

TOP 5 COMMODITY INDEXES: 8/7/138/1313
PHLX GOLD & SILVERINDEX (XAU) +12.9%
NASDAQ COMMODITYSILVER INDEX ER(NQCISIER) +9.3%
NASDAQ COMMODITYPRECIOUS METALS INDEXER (NQCIPMER) +4.9%
NASDAQ COMMODITYINDUSTRIAL METALSINDEX ER (NQCIIMER) +4.4%
NASDAQ COMMODITYAGRICULTURE INDEX ER(NQCIACER) +3.2%

OTHER NOTABLE INDEX DEVELOPMENTS THIS WEEK

  • Gold moved sharply higher for the five day period after a two week period of weakness. The PHLX GOLD/SILVER SECTOR INDEX (XAU) rose 12.9%.

     

  • Chinese and European stocks outperformed as concerns in those corners of the market faded and the dollar moved off of its one month lows. Over the five day period ending August 13th, the NASDAQ CHINA INDEX (NQCN) and the NASDAQ EM EUROPE INDEX (NQEMEU) rose 4% and 2.8%, respectively.

     

  • Housing Sector stocks fell for the five week period as some companies reported orders below estimates and the affordability index ticked lower. The PHLX HOUSING SECTOR INDEX (HGX) fell 3.4% for the period and is now 0.8% lower year-to-date.

*The Weekly Market Pulse was first published on www.nasdaq.com

CONTACT: MEDIA CONTACTS: Nick Lawler Intermarket Communications (212) 754-5613 nlawler@intermarket.com Nora Sabry Intermarket Communications (212) 754-5468 nsabry@intermarket.com Wayne Lee NASDAQ OMX (301) 978-4875 Wayne.d.lee@nasdaqomx.com

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