This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

NASDAQ Weekly Market Pulse

Internet Stocks Help Broad U.S. Stock Market Gains; Oil Service Sector and Small Cap Stocks Among Leaders

ADVISORY, July 10, 2013 (GLOBE NEWSWIRE) -- The recent sell-off in U.S. equities was reversed during the week-over-week period. Positive economic data has helped bring the U.S. stock market to within striking distance of all-time highs. The NASDAQ US 1500 INDEX rose 2.8%.

"The 'risk-on' trade seems to be back as investors have put worries about Fed 'tapering' aside. The U.S. looks particularly attractive compared to other markets lately as China's growth seems to be slowing," said Dave Gedeon, Managing Director, NASDAQ OMX Global Indexes. "Crude oil and energy stocks have been helped by U.S. economic data and the turmoil in Egypt."

LARGEST INDEX MOVERS
TOP 5 EQUITY INDEX MOVERS: 7/02 - 7/09
NASDAQ INTERNET INDEX (QNET) +3.1%
NASDAQ EMERGING MARKETS INDEX (NQEM) -3.0%
OMX STOCKHOLM BENCHMARK INDEX (OMXSBGI) +2.9%
NASDAQ US 1500 INDEX (NQUSS1500) +2.8%
NASDAQ CHINA INDEX (NQCN) -2.6%
   
TOP 5 COMMODITY INDEX MOVERS: 7/02 – 7/09
PHLX GOLD/SILVER SECTOR INDEX (XAU) -6.0%
PHLX OIL SERVICE SECTOR INDEX (OSX) +4.0%
NASDAQ CRUDE OIL INDEX ER (NQCICLER) +3.9%
NASDAQ ENERGY INDEX ER (NQCIENER) +3.4%
NASDAQ BRENT CRUDE INDEX ER (NQCICBER) +3.1%
   

INDEX MOVES THIS WEEK

  • The NASDAQ Internet Index (QNET ) rose 3.1% on the strong price performance of a number of U.S. large cap internet stocks.   Smaller cap stocks represented by the broad NASDAQ 1500 Index (NQUSS1500) also rose 2.8%.  
  • Gold and silver have continued to be weak due to a lack of inflation and continued concerns about Chinese growth. The PHLX Gold/Silver Sector Index (XAU) dropped 6% over the most recent, holiday-shortened 4 trading day period.  
  • Finally, as noted above, Chinese stocks were weak due to manufacturing and growth data, while crude oil has been rallying on lower inventories and geopolitical tensions. The NASDAQ China Index (NQCN) fell 2.6% while the PHLX Oil Service Sector Index (OSX) rose 4.0%

Note: The NASDAQ Weekly Market Pulse first appeared on www.nasdaq.com

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

company logo

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs