Weekly Market Update - June 14, 2013

Domestic stock prices continued to consolidate this week. Despite a 1.5% rise in the S&P 500 on the Thursday – the index’s second-largest advance of the year – stock prices ended the week mixed. Future Fed policies are at the top of investors’ minds. The Fed holds its two-day policy meeting next week, and investors are anticipating any information that may indicate a scaling back of the bond-purchase program. Global markets were mostly lower on the week. World equity markets also gave up ground this week, as anticipation of future central bank policies seems to be driving market activity. European stocks declined for a fourth straight week due to fears that the Fed and other central banks may scale back on monetary stimulus.

Treasury prices advance for the week. The yield on the benchmark 10-year U.S. Treasury declined this week, as investors believed that the possibility of an early scaling back of the Fed‘s bond-buying program may have been overdone.

Commodity indices were mixed on the week. Crude oil rose to a nine-month high due to Middle East tensions, gold rose modestly, and grains were sharply lower on slowing demand and increasing supply.

MARKET DASHBOARD
Index	Price	Weekly Chg.	% Chg.	YTD % Chg.
S&P 500	1,627.60	-7.02	-0.43%	14.7%
Dow Industrials	15,070.18	-72.04	-0.47%	15.8%
Nasdaq Composite	3,423.56	-23.85	-0.69%	14.1%
Russell 2000	981.38	2.07	-0.55%	15.6%
Euro Stoxx Index	291.13	-3.83	-1.30%	4.3%
Shanghai Composite	2,162.04	-110.38	-4.86%	-4.7%
10-Year U.S. Treasury	2.13	-3 bps	NM	4 bps
DJ UBS Commodity Index	130.37	-0.83	-0.63%	-6.2%
Gold	$1,390.09	$5.43	0.39%	-17.1%
Crude Oil	$97.85	$1.93	2.01%	4.5%
U.S. Dollar Index	80.63	-0.75	-0.91%	1.4%
VIX Index	17.02	1.27	8.39%	-8.9%
Source: Bloomberg
As of June 14, 2013