NASDAQ Weekly Market Pulse

ADVISORY, Nov. 7, 2013 (GLOBE NEWSWIRE) -- U.S. equities edged higher during the 5th week of earnings season with the Dow Jones Industrial Average reaching a new all-time high yesterday. The rally was tempered by an ECB rate cut and a Q3 U.S. GDP report showing weak consumer and business spending.
TOP INDEX MOVERS LAST 5 TRADING DAYS (+/-)
EQUITY INDEXES: 10/30 - 11/06
NASDAQ EM EUROPE INDEX (NQEMEU) -2.9%
PHLX HOUSING SECTOR INDEX (HGX) -2.7%
NASDAQ EMERGING MARKETS INDEX (NQEM) -2.4%
NASDAQ BIOTECHNOLOGY INDEX (NBI) -2.4%
PHLX DEFENSE SECTOR INDEX (DFX) +1.7%
   
COMMODITY INDEXES: 10/30 - 11/06
NASDAQ COMMODITY SILVER INDEX ER (NQCISIER) -5.3%
PHLX GOLD & SILVER INDEX (XAU) -5.2%
NASDAQ COMMODITY BRENT CRUDE INDEX ER (NQCICBER) -4.1%
NASDAQ COMMODITY NATURAL GAS INDEX ER (NQCINGER) -3.6%
NASDAQ COMMODITY INDUSTRIAL METALS ER (NQCIIMER) -3.2%

"Earnings and revenue 'beats' have been outperforming last quarter's and are in-line with the prior four quarters," said Dave Gedeon, Managing Director, NASDAQ OMX Global Indexes.  "We are seeing some sector rotation as we head into year-end, but earnings have not been the primary driver as global monetary policy remains the focus."

INDEX MOVES THIS WEEK
  • The PHLX Housing Index (HGX) reversed a 5.6% gain last week with a 2.7% loss over the last five days as multiples for homebuilder earnings have contracted. The Index fell below its 50-day moving average on October 31st and has weakened since.
  • The NASDAQ Biotechnology Index (NBI) fell 2.4% as it appears investors are taking profits. The Index has had a strong year, up 51% to-date, but investors appear to be de-risking with less than two months to go in the year.
  • The NASDAQ EM Europe Index (NQEMEU) fell 2.9% over the past five days as European stocks were weakened by manufacturing data and other metrics that indicated a lack of growth.
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

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