Markets Are Flat Ahead of the ADP Employment Report

Markets Are Flat Ahead of the ADP Employment Report Updated: 9/3/2014

ADP employment report, which covers private employment in the US, is expected to be distributed tomorrow. The NASDAQ US Benchmark, a barometer for large, mid and small cap stocks in the US, is flat this week. The S&P 500, NASDAQ Composite and Dow all have similarly registered no gains this week.

“On the heels of the ceasefire agreement being outlined by Russia and Ukraine, the European and Emerging Markets have responded today with gains of 80 and 160 basis points, respectively,” said David Krein, Head of Research, NASDAQ OMX Global Indexes.

INDEX MOVES THIS WEEK

  • NASDAQ BIOTECHNOLOGY INDEX (NBI) is down 0.56% since Friday’s close. Year-to-date performance for the index is up 22% after being above 20% at the end of February, and down 5% by mid-April. Gilead is up 0.98%, this week.
  • NASDAQ OMX Clean Edge Smart Grid Infrastructure (QGRD) was up 1.12% as of noon Wednesday. Some of the index’s largest holdings include Quanta Services, ITC Holdings and Red Electrica.
  • PHLX Gold/Silver Sector (XAU) was down 3.49% as of noon Wednesday. The price of gold is currently $1,267 per ounce, down $19 from last week.

INDEX TO WATCH

  • The NASDAQ Emerging Markets Index is a float adjusted market capitalization-weighted index which includes securities, in countries designated as Emerging Markets. The index currently includes 2,376 securities and some of the larger holdings include Samsung, China Mobile, and Petrobras. The index is up 1.5% this week and 11.2% year-to-date.

 

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