MEDIA ADVISORY, April 17, 2013 (GLOBE NEWSWIRE) -- Precious Metals and Gold stocks fell sharply this week as concerns over Chinese growth ignited a market sell-off and continued a trend in lower gold and commodity prices. The Philadelphia Gold and Silver Index fell 19.4% for the week ended April 16, 2013. The weakness in commodities also led to a market-wide stock sell-off in the U.S. Monday, before a partial rebound Tuesday. The NASDAQ Composite Index (COMP) fell by 2.4% Monday but ended the week up 0.8%.
|TOP 5 EQUITY INDEXES:||4/16/13|
|NASDAQ BIOTECHNOLOGY INDEX (NBI)||+4.4%|
|PHLX OIL SERVICE SECTOR INDEX (OSX)||-2.7%|
|PHLX HOUSING INDEX (HGX)||-2.5%|
|NASDAQ EM EUROPE INDEX (NQEMEU)||-2.5%|
|NASDAQ INTERNET INDEX (QNET)||+2.0%|
|TOP 5 COMMODITY INDEXES:||4/16/13|
|PHLX GOLD/SILVER INDX (XAU)||-19.4%|
|NASDAQ COMMODITY SILVER INDEX ER (NQCISIER)||-15.3%|
|NASDAQ COMMODITY PRECIOUS METALS INDEX ER (NQCIPMER)||-14.3%|
|NASDAQ COMMODITY GOLD INDEX ER (NQCIGCER)||-12.6%|
|NASDAQ COMMODITY CRUDE OIL INDEX ER (NQCICLER)||-5.8%|
- The Department of Energy is expected to report Crude Oil Inventories at 10:30 am on April 17 th. The NASDAQ Commodity Crude Oil Index (NQCICLER) fell 5.8% last week and traders will be looking at supply levels.
- The NASDAQ NATURAL GAS INDEX (NQCINGER) was up 3.2% last week and has been rallying in recent months as supplies tightened during colder than normal weather.
- Looking forward to tomorrow, Initial Jobless Claims and the Conference Board's index of Leading Indicators will be released. A disappointment with either of these releases would draw attention to defensive stocks. The Philadelphia Utility Index (UTY) rose 1.2% last week.
CONTACT: MEDIA CONTACTS: Nick Lawler Intermarket Communications (212) 754-5613 firstname.lastname@example.org Chauntez Wilson Intermarket Communications (212) 754-5415 email@example.com Wayne Lee NASDAQ OMX (301) 978-4875 Wayne.firstname.lastname@example.org