Japan Weaker, Asia & U.S. Volatile This Week Updated: 5/29/2013
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.
Click the picture to listen to NASDAQ OMX's Dave Gedeon discuss the NASDAQ Dividend and Income Index Family with Chuck Jaffe of MoneyLife
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