Markets Slip After Initial Post-Fed Meeting Rally Following the FOMC's Decision to Leave the Asset Purchasing Program at $85 Billion ADVISORY, Sept. 25, 2013 (GLOBE NEWSWIRE) -- The decision from the Federal Reserve was unexpected and investors initially reacted optimistically, pushing the NASDAQ Internet Index up 2.51% and the PHLX Utility Sector Index up 2.07%.
|TOP INDEX MOVERS|
|LAST 5 TRADING DAYS (+/-)|
|TOP 5 EQUITY INDEXES:||9/19/13 - 9/25/13|
|NASDAQ INTERNET INDEX (QNET)||+2.51%|
|NASDAQ OMX US WATER INDEX (GRNWATUSL)||+2.17%|
|PHLX UTILITY SECTOR INDEX(UTY)||+2.07%|
|NASDAQ EM EUROPE INDEX (NQEMEU)||+1.67%|
|PHLX DEFENSE SECTOR INDEX (DFX)||-1.46%|
|TOP 5 COMMODITY INDEXES:||9/19/13 - 9/25/13|
|NASDAQ COMMODITY NATURAL GAS INDEX ER (NQCINGER)||-5.33%|
|NASDAQ COMMODITY CRUDE OIL INDEX ER (NQCICLER)||-3.29%|
|PHLX GOLD/SILVER SECTOR INDEX (XAU)||-2.89%|
|NASDAQ COMMODITY LIVE STOCK INDEX ER (NQCILSER)||+1.74%|
|PHLX OIL SERVICE SECTOR INDEX (OSX)||-1.34%|
- Positive guidance and better-than-expected iPhones sales on Monday helped Apple (~5%). Also, iPhone suppliers saw additional upside. The NASDAQ-100 Index rose 0.85% over the past five days.
- Air-conditioning and a moderate weather forecast in the US drove Natural Gas prices lower on Monday and Tuesday. The NASDAQ Commodity Natural Gas Index ER dropped 5.33%.
- Crude oil has dropped to the lowest levels since July with tension in the Middle East easing and gasoline demand on the decline. NASDAQ Commodity Crude Oil Index ER fell more than 3%.
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