The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from GlobeNewswire (a Nasdaq OMX company)

NASDAQ Weekly Market Pulse

Wednesday, May 15, 2013

NASDAQ Weekly Market Pulse

13:15 EDT Wednesday, May 15, 2013

ADVISORY, May 15, 2013 (GLOBE NEWSWIRE) -- U.S. stocks have continued to move higher, with all-time closing highs in the Dow Jones Industrial Average and S&P 500 indices yesterday. Biotechnology stocks have been particularly strong, as have homebuilders and healthcare stocks. The NASDAQ BIOTECHNOLOGY INDEX (NBI) was up 6.6% over the past 5 days and is up over 35% year-to-date.

"Biotech stocks have been helped by signs of a more accommodating US approvals process and several companies reporting positive news. The tailwinds from the recent market rally are helping the sector as investors look to allocate funds to non-defensive sectors," said Dave Gedeon, Managing Director, NASDAQ OMX Global Indexes. "The housing sector stocks were strong again this week, with a gain of almost 3% after a 4.4% rise last week."

TOP WEEKLY INDEX MOVERS (+ / -)
TOP 5 EQUITY INDEXES: 5/14/13
NASDAQ 
BIOTECHNOLOGY INDEX
(NBI)
+6.6%
NASDAQ INTERNET
INDEX (QNET)
+3.6%
PHLX HOUSING SECTOR
INDEX (HGX)
+2.9%
PHLX UTILITY SECTOR
INDEX (UTY)
-2.4%
PHLX SEMICONDUCTOR
INDEX (SOX)
+2.1%
 
TOP 5 COMMODITY
INDEXES:
5/14/13
NASDAQ COMMODITY
CORN INDEX ER
(NQCICER)
+2.4%
NASDAQ COMMODITY
NATURAL GAS INDEX ER
(NQCINGER)
+2.4%
NASDAQ COMMODITY
SILVER INDEX ER
(NQCISIER)
-1.8%
NASDAQ COMMODITY
GOLD INDEX ER
(NQCIGCER)
-1.7%
NASDAQ COMMODITY
AGRICULTURAL INDEX ER
(NQCIACER)
+1.5%

OTHER NOTABLE INDEX MOVES

  • Consumer Price Index (CPI) data will be released for April on Thursday. Inflation has been tame and has allowed for the Fed easing that has helped the market. Producer Price Index (PPI) data showed the largest drop in wholesale prices in three years so investors will be following the CPI release with interest.  Watch the NASDAQ COMMODITY GOLD INDEX ER (NQCIGER) if there is an upside surprise.
     
  • Initial Jobless Claims and Continuing Claims data will also be released Thursday for a confirmation of the optimism generated by the Payrolls data. Consumer spending has been surprisingly strong with Consumer Discretionary stocks outperforming the market with a 20.8% return year-to-date. The NASDAQ US 300 Index (NQUSL300) might move if the unemployment rate continues to tick lower.
     
  • The University of Michigan Confidence Sentiment Index will be out on Friday with an expected reading of 78. A rally in The NASDAQ US Benchmark Index (NQUSB) would be an indicator of a broad market move and the NASDAQ US 1500 Index (NQUSS1500) will track the smaller stocks that might benefit from a positive reading.
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
  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail App

    The New Globe and Mail App for iPhone®, iPad® and Apple Watch download

  • 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
Secure Service
Customer Service
Advertising Privacy
Globe Recognition
Mobile Apps
NEWS APP
Other Sections