Weekly Market Update - July 19, 2013

Domestic stock prices advanced to record highs again this week. Equity markets inched ahead, but claimed new record territory in the process. Earnings season is beginning to drive equity prices (Google and Microsoft disappointed, but GE reported better-than-expected results), and yesterday’s positive jobless claims data has supported the advance. Global markets also climbed higher on the week. World equity markets crept higher this week on economic data and central bank action. European stocks rose for the fourth straight week, supported by Chinese economic data and indications the Fed’s monetary stimulus will not dry up immediately. Emerging markets stocks also gained ground.

Treasury prices rose for the week. The yield on the benchmark 10-year U.S. Treasury dropped materially again this week. Combined with last week’s gains, it was the biggest two-week rise in Treasury prices in almost a year.

Commodity indices advanced on the week. Crude oil and precious metals rose, but grains were mixed.

MARKET DASHBOARD
Index	Price	Weekly Chg.	% Chg.	YTD % Chg.
S&P 500	1,692.09	11.88	0.71%	18.6%
Dow Industrials	15,543.74	79.44	0.51%	18.6%
Nasdaq Composite	3,587.62	-12.47	-0.35%	18.8%
Russell 2000	1,050.48	13.96	1.35%	23.7%
Euro Stoxx Index	299.85	3.65	1.23%	7.2%
Shanghai Composite	1,992.65	-46.84	-2.30%	-12.2%
10-Year U.S. Treasury	2.49	-11 bps	NM	7 bps
DJ UBS Commodity Index	129.66	1.21	0.94%	-6.8%
Gold	$1,294.89	$9.69	0.75%	-22.7%
Crude Oil	$108.35	$2.40	2.27%	15.6%
U.S. Dollar Index	82.58	-0.40	-0.49%	3.5%
VIX Index	12.58	-1.21	-8.74%	-29.9%
Source: Bloomberg As of July 19, 2013