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%|
- 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%.
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