ADVISORY, Dec. 11, 2013 (GLOBE NEWSWIRE) -- Last week's report on November's U.S. Non-farm Payrolls beat expectations, giving U.S. stocks a short-term boost during the first week of December; however, stocks have given back most of their gains this week. The November unemployment rate dropped to its lowest level since 2008 at 7.0%. The ongoing debate about Fed tapering expectations continues to dominate conversations, but does not appear to be driving stocks in any particular direction.
"Investors are no longer wondering if the Fed will taper, it's now a matter of when," said David Gedeon, Managing Director of NASDAQ OMX Global Information Services. "The recent upbeat jobs report might give Fed officials more confidence that the markets are ready for tapering to begin."
TOP INDEX MOVERSLAST 5 TRADING DAYS ( + / - )
12/4/13 - 12/10/13
NASDAQ EM EUROPE INDEX (NQEMEUR)
NASDAQ INTERNET INDEX (QNET)
NASDAQ-100 TECHNOLOGY SECTOR INDEX (NDXT)
PHLX HOUSING SECTOR INDEX (HGX)
NASDAQ CHINA INDEX (NQCN)
12/4/13 - 12/10/13
NASDAQ COMMODITY NATURAL GAS INDEX ER (NQCINGER)
PHLX GOLD/SILVER SECTOR INDEX (XAU)
NASDAQ COMMODITY PRECIOUS METALS ER INDEX (NQCIPMER)
NASDAQ COMMODITY INDUSTRIAL METALS ER INDEX (NQCIIMER)
NASDAQ COMMODITY BRENT CRUDE INDEX ER (NQCICBER)
INDEX MOVES THIS WEEK
- NASDAQ EM Europe Index (NQEMEUR) was up 2.58% in the past five days on better data coming out of the U.S. market.
- The Nasdaq Commodity Natural Gas Index (NQCINGER) climbed 6.51% to its highest level in the past six months, fueled by higher-than-normal demand for heating in homes.
- Silver and gold prices spiked higher on Tuesday helped by a pullback in the dollar and more speculation surrounding Fed stimulus policy. The PHLX Gold/Silver Sector Index (XAU) advanced 6.08% over the previous five trading days.
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