Money News: Global Markets Struggle; Top Eight Close Down; Nikkei, Mexico Up

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The DOW Jones Industrial Average,in response to the poor showing from January’s Bureau of Labor Statistic’s  jobs report, as well as eight of the top ten world markets, unable to rally, sustained heavy losses as investor confidence globally continued to fall.

The DOW was unable to rally and fell sharply suffering double digits losses closed down at 17,824.29 (-60.59/-0.34%). Opening at 17,881.54, the DOW held a daily range of 17,764.40-to-17,951.09.

Gainers for the week include Ubiquiti Networks Inc (+3.36/+14.33%) with a closing price of $29.99 per share, Portola Pharmaceuticals Inc (+3.33/+12.11%) with a closing price of $30.83 per share, ON Semiconductor Corp (+1.12/+10.91%) with a closing price of $11.39, SPS Commerce Inc (+5.67/+9.00%) with a closing price of $68.66.

Losers for the week include GoPro Inc closing down at $47.12 per share down (-7.25/-13.33%), Sierra Wireless Inc closing down at $32.88 with a loss of (-4.51/-12.06%), NIC Inc also closed down at $15.73 for a loss of (-2.07/-11.63%) and Netgear Inc closing down at $30.67 per share for a loss of (-4.02/-11.59%)

Active for the week included Frontier Communications Corp moved 71.37M shares in heavy trading to close down at $7.93 per share with a gain (+2.99%), Sirius XM Holdings Inc in strong trading moved 61.82M shares closing up at $3.72 per share with a gain of (+0.81%) and Apple Inc in medium trading moved 43.71M shares, closing down at $118.93 per share with a loss of (-0.84%).

The NASDAQ closed down at 4,744.40 with a loss of (-7.05/-0.34%).

The S&P 500 also closed down at 2,055.47 for a loss of (-26.26/-1.30%).

World Markets

The ten most watched world markets including the S&P500, NASDAQ and Canada’s S&P TSX Composite and 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, Hong Kong Hang Seng all closed down. Mexico’s IPC and Japan’s Nikkei 225 closed up

Nikkei 225

The Japanese Nikkei 225, holding firm in the midst of Asian Market collapse, closed the trading week up with strong triple digit gains, at 17,648.50 for a gain of (+143.88/+0.82%). 

Gainers for the week include Nisshin Steel Co. Ltd (+238.00/+19.72%), Nitto Boseki Co Ltd (+47.00/+11.11%), Nissan Chemical Industries Ltd  (+105.00/+5.01%), Sojitz Corp (+8.00/+5.00%).

Losers include Taiyo Yuden Co Ltd (-176.00/-11.96%), Suzuki Motor Corp (-217.00/-5.94%), Nikon Corp (-88.00/-5.67%) and Nippon Suisan Kaisha Ltd (-15.00/-4.14%).

Active on the Nikkei include Mizuho Financial Group Inc, in a eighth straight week of strong trading, moved 113.7M shares and closed up at ¥197.90 for a gain of (+1.28%), Mitsubishi UFJ Financial Group Inc in medium trading moved 53.56M shares to close up at ¥672.00 (+2.30%) and Hitachi Ltd in medium trading moved 45.49M shares to close up at ¥786.30 for a gain of (+0.68%).

FTSE 100

London Markets fell slightly with double digit losses to close down at 6853.44 with a loss of (-12.49/-0.18%).

Gainers in the FTSE 100 include Barclays PLC (+6.60/+2.65%), Aberdeen Asset Management PLC (+11.00/+2.55%), Ashtead Group PLC (+21.74/+2.03%), Schroders PLC (+49.00/+1.68%).

Losers include Randgold Resources Ltd (-245.00/-4.41%), Fresnillo PLC (-38.50/-4.29%), BG Group PLC (-24.40/-2.56%) and Anglo American PLC (-28.50/-2.43%).

Active on the FTSE 100 included Lloyds Banking Group PLC moving 75.33M shares in strong trading recovered to close up at €75.84 for a gain of (+0.41%), Vodafone Group PLC, in medium trading moved 43.01M shares to close down at €231.35 per share for a gain of (+0.19%), Barclays, in medium trading moved 39.35M shares to close up at €255.40 per share for gain of (+2.65%).

Hang Seng Index

The Hang Sang Index remained consistent this week as it sustained double digits losses as investor confidence evaporated for the second straight week, and the Asian Markets split losses with only the Nikkei closing up.  

The Hang Seng closed down at 24,679.39 with double digit losses of (-86.10/-0.35%).

Gainers on the Hang Seng Index include Galaxy Entertainment Group Ltd (Hong Kong) (+2.70/+6.72%), Sands China Ltd (Hong Kong) (+1.40/+3.76%), Cheung Kong Holdings Ltd  (Hong Kong) (+3.60/+2.46%), Tingyi (Cayman Islands) Holdings Corp (+0.40/+2.10%).

Active trading on the Heng Seng Hong Kong Index includes Bank of China Ltd moving, in intense trading for the eighth consecutive week, 218.06M shares lost its footing and closed down HK$4.34 (-1.36%), Industrial and Commercial Bank of China Corp also in intense trading moved 204.36M shares closing down at HDK$5.57 down (-1.76%), China Construction Bank Corp in strong trading moved 135.73M shares to close down at HDK$6.32 (-1.10%),  and China Petroleum & Chemical Corp in moderate trading moved 90.89M shares to close down at HK$6.12 for a loss of (-1.13%).

Losers for the week include China Overseas Land & Investment Ltd (Hong Kong) (-0.75/-3.16) China Shenhua Energy Co Ltd (Hong Kong) (-0.50/-2.39%), Power Assets Holdings Ltd (-1.75/-2.17%), China Mobile Ltd (-2.00/-1.85%).

Source: Bing Finance

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