Choppy markets sell off on higher oil prices, data and renewed caution for the 5-day period ended August 27
|TOP INDEX MOVERS LAST 5 TRADING DAYS (+/-)|
|EQUITY INDEXES:||8/20/13 - 8/27/13|
|NASDAQ EM EUROPE INDEX (NQEMEU)||-3.6%|
|PHLX HOUSING SECTOR INDEX (HGX)||-2.5%|
|PHLX SEMICONDUCTOR INDEX (SOX)||-2.3%|
|NASDAQ EMERGING MARKETS INDEX (NQEM)||-2.0%|
|PHLX DEFENSE SECTOR INDEX (DFX)||-2.0%|
|COMMODITY INDEXES:||8/20/13 - 8/27/13|
|NASDAQ COMMODITY CORN INDEX ER (NQCICER)||+5.3%|
|NASDAQ COMMODITY AGRICULTURE INDEX ER (NQCIACER)||+4.7%|
|NASDAQ COMMODITY DIV AGRICULTURE INDEX ER (NQCIDAER)||+4.0%|
|NASDAQ COMMODITY CRUDE OIL INDEX ER (NQCICLER)||+3.7%|
|NASDAQ COMMODITY GOLD INDEX ER (NQCIGCER)||+3.5%|
- Gold and silver moved sharply higher for the five-day period, but mining companies suffered. The PHLX GOLD/SILVER SECTOR INDEX (XAU),which tracks companies involved in the gold or silver mining industry, fell 3.3%.
- The NASDAQ Composite Index fell 1% for the five-day period as other broad market indexes were weak. The focus on oil prices is hurting sentiment this week, but markets are only a few weeks removed from all-time highs.
- Housing Sector stocks continued to decline, as some investors are watching interest rates with a sense of caution. The PHLX HOUSING SECTOR INDEX (HGX) fell 2.5% for over the last five days and is now 2.4% lower year-to-date.
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