NASDAQ Weekly Market Pulse
Risk on! Investors pile back into stocks as debt ceiling deadline approaches,
while precious metals suffer a pull-back.
ADVISORY, Oct. 16, 2013 (GLOBE NEWSWIRE) -- The prospect of a potential deal
to bring an end of the fiscal drama in Washington gave investors a level of
certainty. The corporate calendar has taken a backburner to political
concerns, but the early earnings reports showed more softness in mortgage
banking. A rally this past Thursday helped US stocks post one of the best one
day performances year-to-date.
TOP INDEX MOVERS
LAST 5 TRADING DAYS ( + / - )
TOP 5 EQUITY INDEXES: 10/9 – 10/15
NASDAQ-100 INDEX (NDX) +2.88%
NASDAQ EM EUROPE +2.85%
BENCHMARK INDEX +2.59%
NASDAQ ASPA INDEX +2.46%
NASDAQ EMERGING +2.29%
MARKETS INDEX (NQEM)
TOP 5 COMMODITY 10/9
INDEXES: – 10/15
GOLD INDEX ER -3.92%
PRECIOUS METALS INDEX -3.70%
PHLX OIL SERVICE +2.55%
SECTOR INDEX (OSX)
LEAN HOGS INDEX ER -2.10%
CRUDE OIL INDEX ER -1.84%
"Riskier assets appear to be more attractive with a deal on the immediate
horizon," said David Gedeon, Managing Director, NASDAQ OMX Global Indexes, "We
have seen sizable swings over the past few days, and into these possible final
hours, but it seems we'll be able to meet our debt obligations and reopen the
INDEX MOVES THIS WEEK
*The potential deal in DC forced traders to reduce their positions and
curbed any opportunity to use Gold as a flight to safety. The NASDAQ
Commodity Gold Index ER (NQCIGCER) dropped by 3.9% in the past five
*The NASDAQ-100 Index (NDX) has surged (+2.9%), ahead of the expected deal
in Washington, climbing to a 13 year high.
*Optimistic news out of Brazil appeared to fuel emerging markets. The
NASDAQ Emerging Markets Index (NQEM) advanced by 2.3%.
*The Weekly Market Pulse was first published on www.nasdaq.com
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