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Semiconductor and Housing Stocks Lead Broad U.S. Stock Market Gains; Europe Trades Higher as Well

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 (+/-)
EQUITY INDEXES: 9/04 - 9/10
NASDAQ EM EUROPE
INDEX (NQEMEU)
+6.9%
PHLX SEMICONDUCTOR
INDEX (SOX)
+6.3%
NASDAQ EMERGING
MARKETS INDEX (NQEM)
+5.7%
PHLX HOUSING SECTOR
INDEX (HGX)
+5.3%
NASDAQ INTERNET
INDEX (QNET)
+4.8%
COMMODITY INDEXES: 9/04 - 9/10
PHLX GOLD/SILVER
SECTOR INDEX (XAU)
-5.9%
NASDAQ COMMODITY
SILVER INDEX ER
(NQCISIER)
-5.8%
PHLX OIL SERVICE
SECTOR INDEX (OSX)
+5.4%
NASDAQ COMMODITY
LEAN HOGS INDEX ER
(NQCILHER)
+3.5%
NASDAQ COMMODITY
GOLD INDEX ER
(NQCIGCER)
-3.4%

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%.
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.