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NASDAQ Weekly Market Pulse

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Choppy markets sell off on higher oil prices, data and renewed caution for the 5-day period ended August 27

ADVISORY, Aug. 28, 2013 (GLOBE NEWSWIRE) -- U.S. and European stocks fell on growth concerns and Mideast tensions that drove oil prices higher. Agricultural products, oil, gold and silver all moved higher, although mining stocks suffered, despite a dollar that was little changed against most currencies. The NASDAQ EM Europe Index (NQEMEU) fell 3.6%, while the PHLX Housing Sector Index (HGX) and PHLX Semiconductor Index (SOX) declined 2.5% and 2.3%, respectively. The NASDAQ Commodity Corn INDEX ER (NQCICER) rose 5.3% and the NASDAQ Commodity Gold Index ER (NQCIGCER) was up 3.5% during this period.

"Caution seems to have entered the marketplace in recent days as tensions in Syria have resulted in oil prices moving higher," said David Krein, Managing Director, Nasdaq OMX Global Indexes. "And though recent economic data such as home prices and consumer confidence has not been bad, that has just given ammunition to tapering proponents."

TOP INDEX MOVERSLAST 5 TRADING DAYS (+/-)
EQUITY INDEXES: 8/20/13 -8/27/13
NASDAQ EM EUROPEINDEX (NQEMEU) -3.6%
PHLX HOUSING SECTORINDEX (HGX) -2.5%
PHLX SEMICONDUCTORINDEX (SOX) -2.3%
NASDAQ EMERGINGMARKETS INDEX (NQEM) -2.0%
PHLX DEFENSE SECTORINDEX (DFX) -2.0%
COMMODITY INDEXES: 8/20/13 -8/27/13
NASDAQ COMMODITYCORN INDEX ER(NQCICER) +5.3%
NASDAQ COMMODITYAGRICULTURE INDEX ER(NQCIACER) +4.7%
NASDAQ COMMODITY DIVAGRICULTURE INDEX ER (NQCIDAER) +4.0%
NASDAQ COMMODITYCRUDE OIL INDEX ER(NQCICLER) +3.7%
NASDAQ COMMODITYGOLD INDEX ER(NQCIGCER) +3.5%

Other Notable Index DEVELOPMENTS

  • Gold and silver moved sharply higher for the five-day period, but mining companies suffered. The PHLX GOLD/SILVER SECTOR INDEX (XAU),which tracks companies involved in the gold or silver mining industry, fell 3.3%.

     

  • The NASDAQ Composite Index fell 1% for the five-day period as other broad market indexes were weak. The focus on oil prices is hurting sentiment this week, but markets are only a few weeks removed from all-time highs.

     

  • Housing Sector stocks continued to decline, as some investors are watching interest rates with a sense of caution. The PHLX HOUSING SECTOR INDEX (HGX) fell 2.5% for over the last five days and is now 2.4% lower year-to-date.

*The Weekly Market Pulse first 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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