ADVISORY, July 10, 2013 (GLOBE NEWSWIRE) -- The recent sell-off in U.S. equities was reversed during the week-over-week period. Positive economic data has helped bring the U.S. stock market to within striking distance of all-time highs. The NASDAQ US 1500 INDEX rose 2.8%.
"The 'risk-on' trade seems to be back as investors have put worries about Fed 'tapering' aside. The U.S. looks particularly attractive compared to other markets lately as China's growth seems to be slowing," said Dave Gedeon, Managing Director, NASDAQ OMX Global Indexes. "Crude oil and energy stocks have been helped by U.S. economic data and the turmoil in Egypt."
|LARGEST INDEX MOVERS|
|TOP 5 EQUITY INDEXMOVERS:||7/02 - 7/09|
|NASDAQ INTERNETINDEX (QNET)||+3.1%|
|NASDAQ EMERGINGMARKETS INDEX (NQEM)||-3.0%|
|OMX STOCKHOLMBENCHMARK INDEX(OMXSBGI)||+2.9%|
|NASDAQ US 1500 INDEX(NQUSS1500)||+2.8%|
|NASDAQ CHINA INDEX(NQCN)||-2.6%|
|TOP 5 COMMODITY INDEXMOVERS:||7/02 – 7/09|
|PHLX GOLD/SILVERSECTOR INDEX (XAU)||-6.0%|
|PHLX OIL SERVICESECTOR INDEX (OSX)||+4.0%|
|NASDAQ CRUDE OILINDEX ER (NQCICLER)||+3.9%|
|NASDAQ ENERGY INDEXER (NQCIENER)||+3.4%|
|NASDAQ BRENT CRUDEINDEX ER (NQCICBER)||+3.1%|
INDEX MOVES THIS WEEK
- The NASDAQ Internet Index (QNET) rose 3.1% on the strong price performance of a number of U.S. large cap internet stocks. Smaller cap stocks represented by the broad NASDAQ 1500 Index(NQUSS1500) also rose 2.8%.
- Gold and silver have continued to be weak due to a lack of inflation and continued concerns about Chinese growth. The PHLX Gold/Silver Sector Index (XAU) dropped 6% over the most recent, holiday-shortened 4 trading day period.
- Finally, as noted above, Chinese stocks were weak due to manufacturing and growth data, while crude oil has been rallying on lower inventories and geopolitical tensions. The NASDAQ China Index (NQCN) fell 2.6% while the PHLXOil Service Sector Index (OSX) rose 4.0%
Note: The NASDAQ Weekly Market Pulse first appeared on www.nasdaq.com
CONTACT: MEDIA CONTACTS: Nick Lawler Intermarket Communications (212) 754-5613 email@example.com Chauntez Wilson Intermarket Communications (212) 754-5415 firstname.lastname@example.org Wayne Lee NASDAQ OMX (301) 978-4875 Wayne.email@example.com
In This StoryNDAQ
Nasdaq Press Center
Read the latest press releases, request a press kit, and get in touch with our press team.