Money News: Dow Closes Down, World Markets Split

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The DOW Jones Industrial Average, avoiding the predicted Bear market for months took a hit over the past week and closed the trading week down with mild double digit losses setting a world tone despite split showings across the ten most watched market in the world.

The DOW opened the trading week down with sharp declines Monday followed by incremental rallies with strong gains Thursday followed by a gradual declines throughout Friday to end the trading week down at 18,232.02 (-53.72/-0.29%). Opening at 18,286.87, the DOW held a day range of 18,217.14-to-18,286.87.

Gainers include Goldman Sachs Group Inc (+2.78/+1.36%) with a closing price of $207.79 per share, Apple Inc (+1.15/+0.88%) with a closing price of $132.55 per share, American Express Co also closed up at $81.25 for a gain of (+0.47/+0.58%) and Visa Inc closing up at $69.64 per share for a gain of (+0.27/+0.39%)

Losers for the week include Boeing Co closing down at $144.83 per share for a loss of (-2.54/-1.72%), Merck & Co Inc closing down at $59.38 with a loss of (-0.75/-1.25%), Microsoft Corp (-0.52/-1.10%) with a closing price of $46.91, and Johnson & Johnson (-1.09/-1.06%) with a closing price of $101.35.

Active for the week included Apple Inc moved 39.09M shares in medium trading to close up at $132.55 per share for a gain of (+0.88%), General Electric Co in light trading moved 17.43M shares closing down at $17.43 per share with a loss of (-0.22%), Microsoft Corp in light trading moved 17.43M shares closing down at $46.91 per share with a loss of (-1.10%) and Cisco Systems Inc in light trading moved 12.97M shares, closing down at $29.26 per share for a loss of (-0.61%),

The NASDAQ closed down at 5,089.36 for a loss of (-1.43/-0.03%).

The S&P 500 also closed up at 2,126.06 for a loss of (-4.76/-0.22%).

World Markets 60/40 split

The ten most watched world markets closed the trading week with a 50/50 split. The North American Markets including the DOW Jones Industrial, S&P500, NASDAQ, Canada's S&P TSX Composite, Mexico's IPC, and Germany's all closed down. Central European Markets London's FTSE 100 and CAC 40 of France and the Asian Markets Japan's highly traded Nikkei 225, the Hong Kong Hang Seng, the Shanghai Composite and SENEX of India all closed up.

Nikkei 225

The Japanese Nikkei 225, began the trading week down beginning a slow rally at the opening bell Monday throughout Monday with a sharp gain on Wednesday where it continued to slowly rally with a slight dip on Friday closing the trading week up at 20,264.41 with double digit gains of (+61.54/+0.30%). 

Gainers for the week include NH Foods Ltd (+99.00/+3.81%), Tokai Carbon Group Ltd (+13.00/+3.75%), Sumco Corp (+59.00/+3.43%), Meidensha Corp (+15.00/+3.34%).

Losers include MS&AD Insurance Group Holdings Inc (-113.50/-2.93%), Pioneer Corp (-6.00/-2.62%), Ajinomoto Co., Ltd (-57.00/-2.21%) and Canon Inc (-94.00/-5.32%).

Active on the Nikkei include Mizuho Financial Group Inc, in 23 straight weeks of strong trading, moving 164.31M shares to close down at ¥247.90 for a loss of (-0.36%), Mitsubishi UFJ Financial Group Inc, in strong trading moved 96.88M shares to close down at ¥899.80 for a loss of (-0.77), Tokyo Electric Power Co Inc in strong trading, moved 79.16M shares to closed down at ¥582.00 for a loss of (+0.68%) and Toshiba Corp, also in medium trading, moved 43.83M shares to close up ¥411.30 for a gain of (+0.44%).

FTSE 100

London Markets opened the trading week up immediately falling followed by a sharp bounce which continued throughout the trading week, with gradual gains and mild declines to finish up at 7,031.72 with small double digit gains of (+18.25/+0.26%).

Gainers in the FTSE 100 include Vodafone Group PLC (+11.60/+4.78%), Dixons Carphone PLC (+7.80/+1.69%), Travis Perkins PLC (+34.00/+1.56%) and Randgold Resources (+65.00/+1.38%).

Losers include International Consolidated Airlines Group PLC (-11.00/-1.99%), TUI AG (-21.00/-1.74%), BT Group PLC (-6.90/-1.50%) and Antofagasta PLC (-10.00/-1.27%).

Active on the FTSE 100 included Vodafone Group PLC,  in strong trading moved 121.50M shares to close up at €254.10 per share for gain of (+4.78%), Lloyds Banking Group PLC moving 51.69M shares in medium trading, closed up at €88.11 for a gain of (+0.31%), HSBC Holdings PLC, in light trading moved 24.86M shares to close up at €622.40 per share for a gain of (+1.29%), and Barclays PLC in mild trading moved 22.63M shares to close down at €270.40 for a loss of (-0.24%).

Hang Seng Index 

The Hang Sang Index began the trading week up with a mediocre showing at Monday's opening bell followed by a steady declines and strong rallies throughout the remainder week until spiking Friday with the high for the week closing up with strong triple digit gains.

The Hang Seng closed up at 27,992.83 with triple digit gains of (+469.11/+1.70%).

Gainers on the Hang Seng Index include Belle International Holdings Ltd (+1.13/+11.40), BOC Hong Kong Holdings Ltd (Hong Kong) (+2.45/+7.99%), Tingyi (Cayman Islands) Holding Corp (Hong Kong) (+0.80/+5.01%), Ping An Insurance (Group) Co of China Ltd Holdings (+5.20/+4.60%).

Active trading on the Heng Seng Hong Kong Index includes China Construction Bank Corp, in strong trading moved 310.98M shares to close up at HDK$7.70 (+1.58%), Bank of China Ltd, also in strong trading, moved 246.09M shares to close up at HK$5.28 (+2.33%), Industrial and Commercial Bank of China, in strong trading, moved 196.96M shares to close up at HK$6.79 (+1.34%), and Belle International Holdings Ltd in medium trading moved 94.48M shares to close up $HK11.04 (+11.04%).

Losers for the week include Lenovo China Ltd (Hong Kong) (-0.62/-4.59), MTR Corp Ltd (Hong Kong) (-0.90/-2.32%), Li & Fung Ltd (-0.15/-2.00%).

Source: Bing Finance


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