Broad Equity Markets are flat this week leading into quarter-end

Broad Equity Markets are flat this week leading into quarter-end Updated: 3/26/2014

The ups and downs of the global equity markets during the first quarter of 2013 have been for naught, as they are currently flat. Technology M&A activity is worth noting, as Facebook’s purchase of Oculus follows their WhatsApp deal from last month. In addition, Apple is in talks with Comcast on a set-top box streaming service.

“Global equity markets are up 67 basis points this week with year-to-date returns slightly positive at 0.11%. This year-to-date figure comes despite some early volatility this year which resulted in returns down more than 5% through the first week of February,” said David Krein, Head of Research, NASDAQ OMX Global Indexes.

INDEX MOVES THIS WEEK

  • NASDAQ BIOTECHNOLOGY INDEX (NBI) was down 2.95% since Friday’s close. Year-to-date performance for the index is up 5.3% after the recent downward trend.
  • PHLX GOLD/SILVER SECTOR (XAU) was down 5.91% as of noon on Wednesday, from the most recent Friday close. The price of gold is currently $1,307 per ounce, down around $30 this week.
  • NASDAQ International BuyBack Achievers Index (DRBXUS) was up 1.7% this week with overall year-to-date returns being down 0.50%.

INDEX TO WATCH

 

  • The price of silver has bounced around quite a bit in the last year, starting at just under $29 per ounce, to $19 at the end of January, bouncing back up to $22, then ultimately dropping to under $20 today. Track the space by monitoring the NASDAQ Commodity Silver Index ER (NQCISIER) and the covered call Credit Suisse NASDAQ Silver FLOWS 106 Index Ttl Rt (QSLVOTR).

 

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