Yesterday’s earnings announcement from Alcoa is the first US-listed company to report second quarter earnings and the majority of US-listed companies will do the same over the next month and a half. Major US and global equity indexes were down this week. FOMC minutes are expected to be released today at 2pm EST.
“Over the next four weeks, many of the biggest names in technology from the NASDAQ-100 are expected to announce earnings, kicking-off with Google, Yahoo, eBay and Intel next week,” said David Krein, Head of Research, NASDAQ OMX Global Indexes.
INDEX MOVES THIS WEEK
- NASDAQ BIOTECHNOLOGY INDEX (NBI) is down 4.29% since Friday’s close. Year-to-date performance for the index is up 12% after being up above 20% at the end of February.
- NASDAQ OMX GLOBAL GOLD & PRECIOUS METALS (QGLD) was up 1.53% as of noon on Wednesday. The price of gold is currently $1,323 per ounce, up $3 this week.
- NASDAQ INTERNET (QNET) was down 3.85% as of noon on Wednesday. Some of the largest holdings of the index include Amazon, Google, Facebook and Priceline.
INDEX TO WATCH
- Over the next four weeks, 84 securities in the NASDAQ-100 are expected to announce the most recently quarterly earnings. Eight of the 84 will announce during the week of July 14. The index is down 1.03% this week and up 8.2% year-to-date.