Money News: Global Markets Tumble; Sensex Closes Up

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The Dow Jones Industrial, along with the majority of the ten most watched global markets, couldn’t escape the bear’s grasp closing down this Thanksgiving week, while the NASDAQ and the S&P500 were managed to close up escaping the mauling.

The DOW opened Monday at 17,806.04. Trading remained steady throughout the first two days reaching the week high, 17,852.81 on Monday, before plummeting to the week low, 17,697.18,  at Wednesday’s opening.

By Wednesday afternoon the DOW managed to rally close to the week’s opening and closed Thanksgiving Eve up at 17, 812.19. The DOW continued Thursday continued with a brief rally/decline throughout Wednesday.

Closed on Thursday. The DOW opened Friday slightly lower at 17,769.66 and managed a slight rally closing the week down.

The DOW closed the trading week down with double digit loss at 17,798.49 (-14.90/-0.08%). Opening at 17,798.49. The DOW held a day range of 17,779.32-to-17,830.36.

Gainers include Goldman Sachs Group Inc (+1.32/+0.70%) with a closing price of $190.47 per share, Verizon Communications Inc closing up at $45.23 per share for a gain of (+0.31/+0.69%), JP Morgan Chase & Co (+0.31/+0.46%) with a closing price of $67.17 per share, and Microsoft Corp closing up at $53.93 per share for a gain of (+0.24/+0.45%).

Losers for the week include Walt Disney Co closing down at $115.13 per share for a loss of (-3.54/-2.98%), Wal-Mart Store Inc closing down at $59.89 with a loss of (-0.35/-0.58%), Chevron Corp (-0.50/-0.55%) with a closing price of $90.37 and Coca-Cola Co (-0.21/-0.48%) with a closing price of $45.39.

Active for the week included General Electric Co in lite trading moved 33.14M shares closing even at $30.36 per share with a gain/loss of (0.00%), Pfizer Inc, in soft trading moved 16.12M shares, to close down at $32.79 per share with a loss of (-0.24%), Walt Disney Co in soft trading moved 14.91M shares, closing up at $115.13 per share for a loss of (-2.98%), Apple Inc in soft trading moved 13.02M shares closing down at $117.81 per share with a loss of (-0.19%).

The NASDAQ closed up at 5,127.52 for a gain of (+1.24/+0.06%).

The S&P 500 also closed up at 2,090.11 for a gain of (+11.38/+0.22%).

World Markets

The ten most watched world markets, across the board, closed the trading week down. The DOW Jones Industrial and the NASDAQ closed up while the S&P500 closed down.

The Bear Market swept across nine of the ten most watched global markets. The Americas Markets split with Mexico’s IPC and Canada's S&P TSX Composite closing down.

The three top ten watched Central European Markets also closed down.

The highly traded Asian Markets were mauled with only the Sensex of India closing up.

Nikkei 225

The Japanese Nikkei 225 opened the trading week up (19,994.05) and operating on a four day Trading week, had strong gains followed by sharp declines, with pitching and jagged market swings, a steep Th Friday drop, followed by a small rally, the Nikkei ended the trading week down.  

The Nikkei had strong rallies and sharp, steep declines. Tuesday the market climbed to 19,935.15 by 2:30pm and closed the day strong.

Stocks on the Nikkei opened sharply down with a 101 point drop at Wednesday’s opening bell and continued to drop falling another 40 points to 19,797.14 by 12:30pm. A small rally brought the Nikkei closing Wednesday at 19,847.58.

Stocks opened on Thursday with a nearly 140 point rally setting the pace for strong trading throughout Thursday and into Friday when the Nikkei hit the week high of 19,983.52.

Friday mid-morning the stocks on the Nikkei fell sharply, plummeting and with only a minor rally closed the week down.

The Nikkei closed the trading week down at 19, 883.94 with double digit loss of (-60.47/-0.30%). 

Gainers for the week include Kawasaki Kisen Kaisha Ltd (+7.00/+2.79%), SKY Perfect JSAT Corp (+16.00/+2.58%), Mitsui Mining and Smelting Co Ltd (+6.00/+2.49%), Sumitomo Metal Mining Co Ltd (+32.00/+2.31%).

Losers include Nisshinbo Holdings Inc (-95.00/-6.09%), Sharp Corp (-7.00/-5.00%), Sumitomo Osaka Cement Co Ltd (-22.00/-4.44%) and Nissan Chemical Industries Ltd (-107.00/-3.51%).

Active on the Nikkei include Mizuho Financial Group Inc, in 49 straight weeks of strong trading, moving 103.23M shares to close down at ¥251.20 for a loss of (-1.30%), Unitika Ltd in medium trading, moved 74.28M shares to for a gain of ¥58.00 for a gain of (+1.75%), Mitsubishi UFJ Financial Group Inc in medium trading moved 42.57M shares to close up at ¥802.50 for a loss of (-0.96%), Toshiba Corp in light trading moved 38.89M to close up at ¥291.90 for a gain of (+2.21%).

FTSE 100

London Markets, trading a full week, began the week down, opening Monday at 6,287.75 and immediately began the week short burst and sharp decline followed by a rally that controlled the remainder of the trading week with a small Friday decline the FTSE closed the trading week down with minor double digit losses.

Stocks on the FTSE opened down on Tuesday nearly 50 points lower than Monday’s opening and continued with minor gains and declines closing Tuesday slightly up at 6,277.23. The FTSE received a boost at the opening bell on Wednesday when stocks opened up 28 points and continued to rally. By 1:00pm the market had risen 60 points.

Thursday, a normal trading day in the UK, stocks continued to rally at 6,361.43 and the tone was set for the remainder of the day. The FTSE closed Thursday at 6,390.93.

Taking a hit at Friday’s opening stocks fell, opening slightly lower at 6,357.97 able to rally somewhat the FTSE managed to close the week out with only minor declines.  

The London Markets closed down at 6,375.15 with double digit loss of (-17.98/-0.28%).

Gainers in the FTSE 100 include Inmarsat PLC (+23.00/+2.11%), Severn Trent PLC (42.00/+1.91%), Admiral Group PLC (+24.00/+1.50%), Dixons Carphone PLC (+6.92/+1.46%).

Losers include Anglo American PLC (-35.20/-8.08%), Glencore PLC (-4.57/-4.77%), Fresnillo PLC (-35.50/-4.74%), and Randgold Resources Ltd (-180.00/-4.31%).

Active on the FTSE 100 included Glencore PLC moving 75.51M shares in strong trading, closed down at €91.31 for a loss of (-4.77%), Lloyd Banking Group PLC, in strong trading, moved 47.81M shares to close down at €73.42 per share for a gain of (+0.40%), Vodafone Group PLC in medium trading moved 15.79M shares to close up at €225.45 for a gain of (+0.20%), BP PLC, in light trading moved 12.65M shares to close down at €386.00 per share for a loss of (-0.92%).

Hang Seng Index 

The Hang Seng Index opened the trading week at the week high (22,760.05) and managed for three days, of the full trading week, to sustain a slight rally until Thursday when the Hang Seng plummeted spiraling out of control and closing the week out with heavy losses.

Stocks opened higher on the Thursday, with the Hang Seng experiencing a solid 250 point bounce. The gains experienced by the Hang Seng were short lived and an uncontrollable slide plunged the Hang Seng into a freefall where it closed the week out

The Hang Seng ended the trading week down with major triple digit losses.

The Hang Seng closed down at 22,068.32 with a loss of (-420.62/-1.87%).

Gainers on the Hang Seng Index include Henderson Land Development Co Ltd (+1.50/+3.13%), Kunlun Energy Co Ltd (+0.19/+2.97%), Sun Hung Kai Properties Ltd (+2.80/+2.89%), China Resources Land Ltd (+0.60/+2.80%).

Losers for the week include China Shenhua Energy Co Ltd (-0.58/-4.56%), Kunlun Energy Co Ltd (-0.30/-4.32%), China Petroleum & Chemical Corp (-0.21/-4.23%), Cathay Pacific Airways Ltd (-0.60/-4.22%).

Active trading on the Hang Seng Hong Kong Index includes Bank of China Ltd, in heavy trading moved 384.24M shares to close down at HK$3.46 (-1.14%), China Construction Bank Corp, in heavy trading, moved 271.68M shares to close down at HK$5.37 (-1.29%), Industrial and Commercial Bank of China, in heavy trading, moved 271.19M shares to close down at HK$4.70 (-1.67%), China Petroleum & Chemical Corp, in medium trading moved 152.27M shares to close down HK$4.76 (-4.23%).

Source: Bing Finance

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