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

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 INDEX (NQEMEUR)  +2.85%
NASDAQ US BENCHMARK INDEX (NQUSB) +2.59%
NASDAQ ASPA INDEX (NQASPA) +2.46%
NASDAQ EMERGING MARKETS INDEX (NQEM) +2.29%
   
TOP 5 COMMODITY INDEXES: 10/9 – 10/15
NASDAQ COMMODITY GOLD INDEX ER (NQCIGCER) -3.92%
NASDAQ COMMODITY PRECIOUS METALS INDEX ER (NQCIPMER)  -3.70%
PHLX OIL SERVICE SECTOR INDEX (OSX) +2.55%
NASDAQ COMMODITY LEAN HOGS INDEX ER (NQCILHER) -2.10%
NASDAQ COMMODITY CRUDE OIL INDEX ER (NQCICLER) -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 government."

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 trading days.  
  • 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

CONTACT: MEDIA CONTACTS:
         Nick Lawler
         Intermarket Communications
         (212) 754-5613
         nlawler@intermarket.com
         
         Nora Sabry
         Intermarket Communications
         (212) 754-5468
         nsabry@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
SYM TRADE IT LAST %CHG

Markets

DOW 17,841.98 -86.22 -0.48%
S&P 500 2,080.15 -9.31 -0.45%
NASDAQ 4,919.6440 -19.6830 -0.40%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs