Email Contact Phone Company Visit Website

Location Office

Kungsgatan 36
Stockholm
SE

NASDAQ OMX New York Head Office

One Liberty Plaza
New York
NY
US

NASDAQ OMX Stockholm Office

Tullvaktsvägen 15
Stockholm
SE

NASDAQ OMX Rockville Office

805 King Farm Boulevard 1st and 2nd floor
Rockville
MD
US

NASDAQ OMX London Office

Woolgate Exchange, 25 Basinghall Street, City of London
London
GB

NASDAQ OMX New York Office

Marketsite 4 Times Square
New York
NY
US

NASDAQ OMX Hong Kong Office

Room 1207-8, 12/F Man Yee Building 68 Des Voeux Road Central Hong Kong
Hong Kong
HK

NASDAQ OMX Singapore Office

20 Collyer Quay, #17-01
Singapore
SG

NASDAQ OMX Chicago Office

One North Wacker Drive Suite 3600
Chicago
IL
US

NASDAQ OMX Belgium Office

Avenue de Cortenbergh 116
Brussels
BE

NASDAQ OMX Dubai Office

Dubai World Trade Centre Sheikh Zayed Road
Dubai
AE

NASDAQ OMX Tokyo Office

1F, Kojimachi Square Building Nibancho, 3 Chiyoda-ku, Tokyo
Tokyo
JP

NASDAQ OMX Boston Office

100 Franklin St
Boston
MA
US

Location Office

Level 17-19, 110 Bishopsgate
London
GB

Telephone

212 231 5018

Contact

Todd A Swearingen
[email protected]
Back to all NASDAQ OMX announcements

NASDAQ Weekly Market Pulse - With Focus On Interest Rates, Equity Markets See Dramatic Pull-Back, Led by Homebuilders

The sell-off during the latter part of last week was driven by perceived hawkish Fed commentary and global deleveraging, as rate-sensitive corners of the market were down significantly. The NASDAQ Composite Index (IXIC) dropped 3.9%.

"The scrutiny of Fed communications around QE3 and China's cash crunch have brought volatility back into the market," said Dave Gedeon, Managing Director, NASDAQ OMX Global Indexes. "All asset classes were hit particularly hard in the past week due to fear that the Fed's actions will ultimately bring rates up and cause equities to fall. In addition, if China continues on a negative news trend, commodities will continue to be at risk."

LARGEST INDEX DECLINERS

TOP 5 EQUITY INDEX
DECLINERS:

6/18 - 6/25

PHLX HOUSING
SECTOR INDEX (HGX)

-8.98%

NASDAQ EM EUROPE
INDEX (NQEMEUR)

-8.37%

NASDAQ CHINA INDEX
(NQCN)

-8.16%

NASDAQ EMERGING
MARKETS INDEX (NQEM)

-6.97%

NASDAQ OMX GLOBAL
WATER INDEX
(GWATERL)

-6.80%

TOP 5 COMMODITY INDEX
DECLINERS:

6/18 - 6/25

PHLX GOLD/SILVER
SECTOR INDEX (XAU)

-13.06%

NASDAQ COMMODITY
PRECIOUS METALS INDEX
ER (NQCIPMER)

-7.23%

NASDAQ COMMODITY
GOLD INDEX ER
(NQCIGCER)

-6.72%

NASDAQ COMMODITY
NATURAL GAS INDEX ER
(NQCINGER)

-6.54%

NASDAQ COMMODITY
BRENT CRUDE INDEX ER
(NQCICBER)

-4.58%

  • The NASDAQ EM Europe Index (NQEMEU) (-8.37%) and NASDAQ China Index (NQCN) (-8.16%) were the biggest decliners overseas with interbank funding dominating the headlines. In addition, China reported softening manufacturing figures, which helped drive global concerns.

  • Gold and silver have fallen to 33-month lows on the uncertainty surrounding the timing of QE tapering and more concerns in China. The PHLX Gold/Silver Sector Index (XAU) has dropped 13.06% over the past five trading days.

  • Finally, homebuilders and housing stocks suffered steep losses on heightened worries about the impact of higher mortgage rates. The PHLX Housing Sector Index (HGX) fell 8.98% through yesterday's close.