ADVISORY, April 24, 2013 (GLOBE NEWSWIRE) -- Corporate earnings were in focus this past week, but global growth concerns also remained a topic. Some encouraging sell-side commentary on the US housing recovery by Barclays, upgrading the industry to positive helped homebuilders. The PHLX Housing Index(HGX) finished the period higher by 3.3%. The NASDAQ US 300 Index (NQUSL300) rose 4.8% for the week as large caps outperformed on earnings results.
"Energy and Materials stocks outperformed this week as a rebound in the commodity sell-off from last week and a perceived increase in risk appetite for US stocks propelled shares higher," said Dave Gedeon, Managing Director, NASDAQ OMX Global Indexes.
TOP WEEKLYINDEX MOVERS (+ / --)
TOP 5 EQUITY INDEXES:
4/16 – 4/23
NASDAQ US 300 INDEX (NQUSL300)
NASDAQ BIOTECH INDEX (NBI)
PHILA HOUSING INDEX (HGX)
NASDAQ EM EUROPE INDEX (NQEMEU)
NASDAQ OMX US WATER INDEX (GRNWATUSL)
TOP 5 COMMODITY INDEXES:
4/16 – 4/23
NASDAQ COMMODITY SILVER INDEX ER (NQCISIER)
NASDAQ COMMODITY INDUSTRIAL METALS INDEX ER (NQCIIMER)
NASDAQ COMMODITY CORN INDEX ER (NQCICER)
NASDAQ COMMODITY NATURAL GAS INDEX ER (NQCINGER)
PHLX GOLD/SILVER SECTOR INDX (XAU)
Other Notable Index Moves This Week
- US Equities might see green numbers over the next week, with Goldman Sachs upgrading equities to "overweight", while the firm remains "underweight" government bonds and cash over a three-month time horizon.
- As reported this morning, March US Durable Goods dropped 5.7%, their largest decline in seven months. The NASDAQ Developed Industrials Index (NQDM2000) might be in focus.
- The Markets will be looking for a positive GDP (survey: 1.3%) on Friday, giving the investment community more validation to the rising stock prices, and the improving wealth of Americans.
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