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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 WEEKLYINDEX MOVERS (+ / -- )
TOP 5 EQUITY INDEXES:
4/16 – 4/23
NASDAQ US 300 INDEX (NQUSL300)
NASDAQ BIOTECH INDEX (NBI)
PHILA HOUSING INDEX (HGX)
NASDAQ EM EUROPE INDEX (NQEMEU)
NASDAQ OMX US WATER INDEX (GRNWATUSL)
TOP 5 COMMODITY INDEXES:
4/16 – 4/23
NASDAQ COMMODITY SILVER INDEX ER (NQCISIER)
NASDAQ COMMODITY INDUSTRIAL METALS INDEX ER (NQCIIMER)
NASDAQ COMMODITY CORN INDEX ER (NQCICER)
NASDAQ COMMODITY NATURAL GAS INDEX ER (NQCINGER)
PHLX GOLD/SILVER SECTOR INDX (XAU)
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.
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