Weekly Market Update - April 26, 2013
Domestic stock prices rallied. Equity markets rallied thisweek, gaining in four out of five trading sessions. Driving the move were strong first quarter earnings reports. According to Bloomberg, even though profits are down about 1% this quarter, 74% of the 270 S&P 500 companies that have so far reported have beaten estimates.
Global markets also posted strong gains on the week. European stocks booked their largest weekly rally in five months amid speculation that the European Central Bank would lower interest rates at its meeting next week. China’s markets fell to the lowest level in four months on concerns about slowing growth.
Treasury prices posted moderate gains this week. Yields on the benchmark 10‐year Treasury were slightly lower, primarily as a result of today’s first quarter GDP report, which showed growth was less than forecast.
Commodity indexes were mixed. The modest change in the broad indices masked strong moves in underlying components. Crude oil and gold surged, while grains fell.
| MARKET DASHBOARD | ||||
| Index |
Price |
Weekly Chg. |
% Chg. |
YTD % Chg. |
| S&P 500 |
1,582.24 |
28.22 |
1.8% |
11.0% |
| Dow Industrials |
14,712.55 |
178.82 |
1.2% |
12.4% |
| Nasdaq Composite |
3,279.26 |
74.19 |
2.3% |
8.6% |
| Russell 2000 |
935.25 |
24.92 |
2.7% |
10.4% |
| Euro Stoxx Index |
295.89 |
10.36 |
3.6% |
5.7% |
| Shanghai Composite |
2,177.91 |
-66.73 |
-3.0% |
-4.0% |
| 10-Year U.S. Treasury |
1.66 |
-3 bps |
NM |
-1 bps |
| DJ UBS Commodity Index |
131.92 |
0.40 |
0.3% |
-5.1% |
| Gold |
$1,459.33 |
$68.38 |
4.9% |
-12.1% |
| Crude Oil |
$92.78 |
$5.07 |
5.7% |
-0.2% |
| U.S. Dollar Index |
82.48 |
-0.16 |
-0.2% |
3.5% |
| VIX Index |
13.60 |
-0.99 |
-6.6% |
-22.4% |
| Source: Bloomberg | ||||
| As of April 26, 2013 | ||||