ADVISORY, Sept. 11, 2013 (GLOBE NEWSWIRE) -- "After a selloff that began in mid-August, the market seems to have found its footing in September," said Dave Gedeon, Managing Director, NASDAQ OMX Global Indexes. "The lack of a U.S. strike on Syria, some comfort with Fed tapering and recent Chinese export data have all contributed to recent market strength. In addition, crude oil continues to rise on supply data and the situation in the Middle East."
TOP INDEX MOVERS
LAST 5 TRADING DAYS (+/-)
9/04 - 9/10
NASDAQ EM EUROPEINDEX (NQEMEU)
PHLX SEMICONDUCTORINDEX (SOX)
NASDAQ EMERGINGMARKETS INDEX (NQEM)
PHLX HOUSING SECTORINDEX (HGX)
NASDAQ INTERNETINDEX (QNET)
9/04 - 9/10
PHLX GOLD/SILVERSECTOR INDEX (XAU)
NASDAQ COMMODITYSILVER INDEX ER(NQCISIER)
PHLX OIL SERVICESECTOR INDEX (OSX)
NASDAQ COMMODITYLEAN HOGS INDEX ER(NQCILHER)
NASDAQ COMMODITYGOLD INDEX ER(NQCIGCER)
OTHER NOTABLE INDEX DEVELOPMENTS
- The PHLX Semiconductor Index (SOX) rose 6.3% on the strong price performance of a number of U.S. stocks. Cyclical stocks led the week-over-week rally.
- Gold and silver weakened as the safe haven trade faded a bit on the delay of action in Syria. The PHLX Gold/Silver Sector Index (XAU), which tracks companies involved in the gold or silver mining industry, dropped 5.9% over the most recent 5-day period.
- Finally, cyclical pockets of the U.S. economy have led the recent rally. After being under pressure since the end of July, the PHLX Housing Sector Index (HGX) rose 5.3%.
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