Money News: U.S. Markets Fall; World Markets Rebound; Asian Markets Up

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The DOW Jones Industrial Average sustained heavy losses this week after a lackluster State of the Union address failed to boast investor confidence even as eight of the ten most watched markets in the world closed up.

The DOW fell sharply suffering triple digits losses and was unable to rally closing down at 17,672.60 (-141.38/-0.79%). Opening at 17,812.00, the DOW held a daily range of 17,667.53-to-17,812.50.

 Gainers for the week include General Electric (+0.19/+0.78%) with a closing price of $24.48 per share, International Business Machines Corp (+0.44/+0.28%) with a closing price of $155.90 per share, Nike Inc (+0.27/+0.28%) with a closing price of $96.14, Visa Inc (+0.68/+0.26%) with a closing price of $258.38.

Losers for the week Exxon Mobil Corporation closing down at $90.88 per share down (-2.01/-2.16%), Chevron Corp closing down at $106.0 with a loss of (-2.17/-1.99%), E I du Pont de Nemours & Company also closed down at $73.79 for a loss of (-1.32/-1.76%) and the Procter & Gamble Co closing down at $90.09 per share for a loss of (-1.53/-1.567%)

Active for the week included General Electric Co moved 54.43M shares in light trading to close up at $24.48 per share with a gain of (+0.78%) and Pfizer Inc in light trading moved 20.69M shares, closing down at $32.45 per share with a loss of (-1.08%).

The NASDAQ stayed steady closing up at 4,757.88 with a gain of (+7.48/+0.16%).

The S&P 500 also closed down at 2,051.82 for a loss of (-11.33/-0.55%).

World Markets

The ten most watched world markets including the S&P500, NASDAQ and Canada’s S&P TSX Composite, the most watched European Markets, CAC 40 of France, London’s FTSE 100, Germany’s DAX, and the SENEX of India, Asian’s Shanghai Composite,  Japans Nikkei 225, Hong Kong Hang Seng all closed up. The Dow Jones Industrial Average of the U.S. and Mexico’s IPC closing down.

Nikkei 225

The Japanese Nikkei 225 closed the trading week up with strong triple digit gains, at 17,511.75 for a gain of (+182.73/+1.05%). 

Gainers for the week include Tokio Marine Holdings Inc  (+195.00/+5.12%), Sompo Japan Nipponkoa Holdings Inc (+145.50/+5.07%), YASKAWA Electric Corp   (+75.00/+5.05%), Dai-ichi Life insurance Co Ltd (+79.00/+4.97%).

Losers include Yamato Holdings Co Ltd (-96.50/-3.86%), Nippon Suisan Kaisha (-14.00/-3.62%), Shionogi & Co Ltd  (-125.00/-3.59%) and NH Foods Ltd (-88.00/-2.99%).

Movers on the Nikkei include Mizuho Financial Group Inc, in a sixth straight week of strong trading, moved 83.84M shares and closed slightly up at ¥197.40 for a gain of (+0.71%), Kobe Steel in strong trading moved 48.20M shares to close up at ¥209.00 (+4.50%) and Unitika Ltd in medium trading moved 42.73M shares to close down at ¥55.00 for a loss of (-1.79%).

FTSE 100

London Markets also rebounded nicely with double digit gain to closing gain at 6832.83 with a gain of (+36.20/+0.53%).

Gainers in the FTSE 100 include Associated British Foods PLC (+81.00/+2.71%), CRH PLC (+41.00/+2.50%), Reckitt Benckiser Group PLC (+132.00/+2.41%), Unilever PLC (+61.00/+2.19%).

Losers include Glencore PLC (-15.58/-5.98%), Antofagasta PLC (-35.50/-4.94%), Tullow Oil PLC (-18.60/-4.79%) and Anglo American PLC (-45.050/-3.97%).

Active on the FTSE 100 included Lloyds Banking Group moving 105.297M shares in heavy trading recovered to close down at €7525 for a loss of (-0.53%), Tesco PLC, in medium trading moved 42.08M shares to close down at €234.20 per share for a loss of (-0.70%), Vodafone Group PLC, also rebounding, in medium trading moved 69.55M shares to close up at €239.65 per share for gain of (+0.40%).

Hang Seng Index

The Hang Sang Index surged with triple digits gains as investor confidence returned, and the Asian Markets maintained solid gains throughout the week.

The Hang Seng closed up at 24,850.45 with strong triple digit gains of (+327.82/+1.34%).

Gainers on the Hang Seng Index include China Resources Enterprise Ltd (Hong Kong) (+1.02/+6.01%), Cathay Pacific Airways Ltd (Hong Kong) (+0.94/+5.45%), Sino Land Co Ltd  (Hong Kong) (+0.40/+3.22%), Hutchison Whampoa Ltd (+3.00/+3.05%).

Active trading on the Heng Seng Hong Kong Index includes Bank of China Ltd moving, in intense trading for the sixth consecutive week, 340.76M shares regained its footing and closed up HK$4.51 (+1.12%), China Construction Bank Corp in intense trading moved 260.23M shares to close slightly up at HDK$6.48 (-0.93%),  and Industrial and Commercial Bank of China Corp also in intense trading moved 247.85M shares closing up at HDK$5.83 with a gain of (1.39%), and China Petroleum & Chemical Corp in moderate trading moved 103.98M shares to close down at HK$6.30 for a loss of (+1.12%).

Losers for the week include Want Want China Holdings Ltd (Hong Kong) (-0.31/-3.30) China Unicom Ltd (Hong Kong) (-0.08/-0.66%), CITIC Ltd (-0.08/-0.59%), AIA Group Ltd (-0.15/-0.33%).

Source: Bing Finance

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