Green Economy Stocks Lead Market to New Highs; Precious Metals are at 2.5 Year Lows

Green Economy Stocks Lead Market to New Highs; Precious Metals are at 2.5 Year Lows Updated: 5/22/2013

Strong earnings reports from key companies in the Green Economy sparked a rally in the NASDAQ OMX Green Economy Index (QGREEN) this week, leading equities markets higher. Meanwhile, silver and gold remained under pressure with the PHLX Gold/Silver Sector Index (XAU), a measure of gold and silver mining stocks, dropping 3.8%.

”Precious metals have experienced volatile trading this week, dropping to its lowest level in two and a half years,” said Dave Gedeon, Managing Director, NASDAQ OMX Global Indexes. “Changing inflation expectations and sustained strength in the U.S. Dollar has curbed the demand for gold and silver as a long-term investment vehicle.” 

For a look at the top weekly index movers, top five equity indexes, top five commodity indexes and other notable index moves, click here.

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