Housing Sector Down This Week Following a Sharp Rise in Mortgage Interest Rates
|TOP WEEKLY INDEX MOVERS ( + / - )|
|TOP 5 EQUITY INDEXES:||5/29/13 - 6/4/13|
|PHLX HOUSING SECTOR INDEX (HGX)||-4.8%|
|NASDAQ BIOTECHNOLOGY INDEX (NBI)||-3.8%|
|NASDAQ EM EUROPE INDEX (NQEMEUR)||-3.1%|
|NASDAQ ASPA INDEX (NQASPA)||-2.3%|
|NASDAQ CHINA INDEX (NQCN)||-1.8%|
|TOP 5 COMMODITY INDEXES :||5/29/13 - 6/4/13|
|NASDAQ COMMODITY NATURAL GAS INDEX ER (NQCINGER)||-4.5%|
|PHLX GOLD/SILVER SECTOR INDEX (XAU)||4.0%|
|NASDAQ COMMODITY INDUSTRIAL METALS INDEX ER (NQCIIMER)||2.3%|
|PHLX OIL SERVICE SECTOR INDEX (OSX)||-2.6%|
|NASDAQ COMMODITY LEAN HOGS INDEX ER (NQCILHER)||-1.9%|
- Social unrest was the main driver in the NASDAQ EM Europe Index, falling by 3.1%. A disappointing April Unemployment Rate (12.2%) gave European investors a grim look at the month-over-month employment figure.
- Better than expected earnings and optimistic sell-side commentary gave the PHLX Semiconductor Index (SOX) a boost (0.3%), outperforming the broader markets.
- The NASDAQ Biotechnology Index (NBI) fell by 3.8%, which was susceptible to a month-end imbalance after year-to-date outperformance.
- The PHLX Gold/Silver Sector Index (XAU) led the commodity indexes, up 4.0% this week as precious metals began to recover after weeks of underperformance.
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