Gold Rallies on Yellen's Testimony; Equity Markets Bounce Back Updated: 2/12/2014
- NASDAQ BIOTECHNOLOGY INDEX (NBI) has rebounded this week on strong earnings, returning 3.94% since Friday’s close. Year-to-date performance for the index is up 13%.
- NASDAQ OMX GLOBAL GOLD & PRECIOUS METALS INDEX (QGLD) was up 5.91% as of noon on Wednesday from the most recent Friday close. The price of gold is currently $1,293.00 per ounce, up around $30 from the end of last week and over $90 year-to-date.
- NASDAQ 100 INDEX (NDX) is up 2% since Friday. Look for earnings over the next two days on 9 of the 100 securities in the index today including Cisco, Mondelez, Kraft and Whole Foods, among others.
- The European Central Bank is toying with the notion of dropping rates into negative territory. Look for activity in the region by tracking the NASDAQ EUROPE INDEX (NQEU) and the NASDAQ EUROZONE INDEX (NQEURO), which are up 15% and 21%, respectively, year-over-year.