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NASDAQ Weekly Market Pulse

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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 WEEKLY INDEX MOVERS (+ / --)
TOP 5 EQUITY INDEXES: 4/16 – 4/23
NASDAQ US 300 INDEX (NQUSL300) +4.8%
NASDAQ BIOTECH INDEX (NBI) +4.1%
PHILA HOUSING INDEX (HGX) +3.3%
NASDAQ EM EUROPE INDEX (NQEMEU) -2.3%
NASDAQ OMX US WATER INDEX (GRNWATUSL) -1.5%
TOP 5 COMMODITY INDEXES: 4/16 – 4/23
NASDAQ COMMODITY SILVER INDEX ER (NQCISIER) -3.4%
NASDAQ COMMODITY INDUSTRIAL METALS INDEX ER (NQCIIMER) -3.3%
NASDAQ COMMODITY CORN INDEX ER (NQCICER) -2.7%
NASDAQ COMMODITY NATURAL GAS INDEX ER (NQCINGER) +2.2%
PHLX GOLD/SILVER SECTOR INDX (XAU) -2.1%

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.
CONTACT: MEDIA CONTACTS: Nick Lawler Intermarket Communications (212) 754-5613 nlawler@intermarket.com Chauntez Wilson Intermarket Communications (212) 754-5415 cwilson@intermarket.com Wayne Lee NASDAQ OMX (301) 978-4875 Wayne.d.lee@nasdaqomx.com

Source:The NASDAQ OMX Group, Inc.