NASDAQ Weekly Market Pulse

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ADVISORY, Nov. 7, 2013 (GLOBE NEWSWIRE) -- U.S. equities edged higher during the 5th week of earnings season with the Dow Jones Industrial Average reaching a new all-time high yesterday. The rally was tempered by an ECB rate cut and a Q3 U.S. GDP report showing weak consumer and business spending.

TOP INDEX MOVERS
LAST 5 TRADING DAYS (+/-)
EQUITY INDEXES: 10/30 - 11/06
NASDAQ EM EUROPE
INDEX (NQEMEU)
-2.9%
PHLX HOUSING SECTOR
INDEX (HGX)
-2.7%
NASDAQ EMERGING
MARKETS INDEX (NQEM)
-2.4%
NASDAQ BIOTECHNOLOGY INDEX
(NBI)
-2.4%
PHLX DEFENSE SECTOR
INDEX (DFX)
+1.7%
COMMODITY INDEXES: 10/30 - 11/06
NASDAQ COMMODITY
SILVER INDEX ER
(NQCISIER)
-5.3%
PHLX GOLD & SILVER
INDEX (XAU)
-5.2%
NASDAQ COMMODITY
BRENT CRUDE INDEX ER
(NQCICBER)
-4.1%
NASDAQ COMMODITY
NATURAL GAS INDEX ER
(NQCINGER)
-3.6%
NASDAQ COMMODITY
INDUSTRIAL METALS ER
(NQCIIMER)
-3.2%

"Earnings and revenue 'beats' have been outperforming last quarter's and are in-line with the prior four quarters," said Dave Gedeon, Managing Director, NASDAQ OMX Global Indexes. "We are seeing some sector rotation as we head into year-end, but earnings have not been the primary driver as global monetary policy remains the focus."

INDEX MOVES THIS WEEK

  • The PHLX Housing Index (HGX) reversed a 5.6% gain last week with a 2.7% loss over the last five days as multiples for homebuilder earnings have contracted. The Index fell below its 50-day moving average on October 31st and has weakened since.
  • The NASDAQ Biotechnology Index (NBI) fell 2.4% as it appears investors are taking profits. The Index has had a strong year, up 51% to-date, but investors appear to be de-risking with less than two months to go in the year.
  • The NASDAQ EM Europe Index (NQEMEU) fell 2.9% over the past five days as European stocks were weakened by manufacturing data and other metrics that indicated a lack of growth.
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

Source:The NASDAQ OMX Group, Inc.