The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from GlobeNewswire (a Nasdaq OMX company)

NASDAQ Weekly Market Pulse

Wednesday, April 17, 2013

NASDAQ Weekly Market Pulse

09:59 EDT Wednesday, April 17, 2013

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%.

NASDAQ OMX Global Indexes Logo


"The release of Chinese GDP data hurt commodity stocks this week, including industrial and precious metals. Gold was also under pressure from a lack of inflation and concerns over central bank gold sales. Crude has also been for sale due to supply concerns,"  said Dave Gedeon, Managing Director, NASDAQ OMX Global Indexes.

TOP WEEKLY INDEX MOVERS (+/-)

   
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%

OTHER NOTABLE INDEX MOVES THIS WEEK

  • The Department of Energy is expected to report Crude Oil Inventories at 10:30 am on April 17th. 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
nlawler@intermarket.com
Chauntez Wilson
Intermarket Communications
(212) 754-5415
cwilson@intermarket.com
Wayne Lee
NASDAQ OMX
(301) 978-4875
Wayne.d.lee@nasdaqomx.com

company logo

Products
  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

GlobeLink.ca

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Customer Service
Globe Recognition
Mobile Apps
NEWS APP
INVESTING APP
Other Sections