Money News: Global Markets Tumble; Sensex Survives

AddThis Social Bookmark Button

The Dow Jones Industrial, fighting the Bear market, managed to rally steadily throughout the week, with only minor setbacks the DOW wasn’t able to pull itself out of the firmly held grasp of the bear market and closed down.

Closed in observance of President Day’s Day, the DOW opened Tuesday up at 16,134.67 and rallied steadily throughout the day to close at 16,196.41.

The DOW opened up Wednesday on the bounce at 16,309.68 and rallied steadily throughout the day closing at 16,453.83.

Thursday the DOW opened up a single point on the bounce and continued to rally hitting he week high of 16,492.29 at mid-morning. A steady declined followed and the DOW closed down Thursday at 16,413.43 losing 79 points.

Stock opened sharply down on Friday at 16,306.12, a loss of 107 points, and the low for the week. A small rally followed pulling the DOW back to close the trading week at 16,391.99 up from the mornings lose and not enough to bring the DOW out of the Bear’s grasp.

The DOW closed the trading week down with small double digit losses at 16,391.99 (-21.44/-0.13%). The DOW held a day range of 16,278.00-to-16,410.96.

Gainers include MDC Partners Inc (+1.96/+10.98%) with a closing price of $19.81 per share, Prothena Corp PLC closing up at $34.72 per share for a gain of (+2.83/+8.87%), Radius Health Inc closing up at $27.oo price per share (+1.82/+7.23%) and Natus Medical Inc closing up at $35.42 per share for a gain of (+2.38/+7.20%).

Losers for the week include Icahn Enterprises LP closing down at $48.75 per share for a loss of (-6.10/-11.12%), SunPower Corp closing down at $21.14 with a loss of (-1.70/-7.44%), SolarCity Corp (-1.23/-6.13%) with a closing price of $18.82, and Seagate Technology PLC closing down at $31.34 for a loss (-1.77/-5.35%).

Active for the week included Groupon Inc in solid trading for the week moved 44.13M shares closing up at $4.09 per share for a gain of (+6.37%), Intel Corp, in strong trading moved 42.06M shares, to close down at $28.71 per share for a loss of (-2.41%), Sirius XM Holdings Inc in solid trading moved 38.53M shares closing up at $3.63 per share for a gain of (+1.26%), Apple Inc in medium trading moved 35.37M shares closing down at $96.04 per share with a loss of (-0.23%).

The NASDAQ closed up at 4,504.43 for a gain of (+16.89/+0.38%).

The S&P 500 also closed down at 1,917.78 for a loss of (-0.05/+/-0.00%).

World Markets

The ten most watched global markets ended the week split 10/90. All major New York Markets, the DOW Jones Industrial, S&P500 and the NASDAQ closed down.In the Americas, Mexico’s IPC and Canada's S&P TSX Composite both closed down.

The three top ten watched Central European Markets, London’s FTSE 100, Germany’s DAX and CAC 40 of France all closed down.

The highly traded Asian Markets felt the sting of the bear’s mauling. The Sensex of India the only Asian market to survive the bear’s mauling closed up. Hong Kong’s Hang Seng, the Shanghai Composite and the highly traded Japanese Nikkei 225 succumbed to the bear and closed down.

Nikkei 225

The Japanese Nikkei 225, the stock market index for the Tokyo Stock Exchange, operating on a five day trading week, struggled against the continued fluctuating market with the Nikkei succumbing to the Bear once again.

Stocks opened Monday down and began an immediate rally by afternoon the Nikkei experienced a solid gain and closed the day at 16,022.58.  Stocks opened Tuesday down at 15,860.28 and immediately rebounded to a high of 16,290.09 by early afternoon. Stocks on the Nikkei fell throughout the afternoon, in a decline/rally split pattern to close out the day at 16,054.43 losing 236 point by end of trading Tuesday.

The Nikkei opened Wednesday up at 16.127.03 on the bounce and continued a momentary rally to 16,192.29 before a sharp and decisive decline that continued throughout the day. By end of trading Wednesday the Nikkei had lost 340 points closing at 15,836.36.

Thursday the Nikkei opened at 16,284.01 up on the bounce, and remained steady throughout the day hitting the week high of 16,319.46 near close of trading Thursday.

Friday the Nikkei opened down at 15,994.43 and continued to fall throughout the day. A slight rally near the end of trading eased the week’s loss.

The Nikkei 225 closed the trading week down at 15, 967.17 with triple digit losses of (-229.63/-1.42%).

Gainers for the week include Tokyo Tatemono Co Ltd (+56.00/+4.53%), SKY Perfect JSAT Corp (+26.00/+3.98%), Tokyu Corp (+25.00/+2.76%), Odakyu Electric Railway Co Ltd (+32.00/+2.47%).

Losers for the week included Trend Micro Inc (-595.00/-14.23%), Inpex Corp (-90.00/-9.41%), Alps Electric Co Ltd (-110.00/-5.65%), DOWA Holdings Co Ltd (-28.00/-4.46%)

Active on the Nikkei 225 include Mizuho Financial Group Inc moving, in 59 straight weeks of strong trading, moved 178.83M share to close down at ¥167.00 for a loss of (-3.47%), Mitsubishi UFJ Financial Group Inc in soft trading, moved 79.17M shares to close down of ¥486.20 for a loss of (-3.34%), Toshiba Corp in medium trading moved 52.43M shares to close up at ¥176.00 for a gain (+2.03%), Sharp Corp, moving 42.75M shares to close up at ¥167.00 for a gain of (+0.60%).

FTSE 100

The London Markets, operating on a full week trading scheduled followed a near exact market movement as the DOW Jones Industrial.

Opening down on Monday at 5,796.21, the week low, the FTSE remained in a jagged rally/decline pattern gaining only 28 point throughout the day to close Monday up at 5,824.28.

The FTSE opened Tuesday on the bounce, at 5,871.43 and remained in the jagged, violent rally/decline pitch pattern throughout the day closing the day down 9 points, at 5,862.17.

Wednesday the FTSE opened up at 5,882.34 on the bounce and continued to rally steadily hitting the week high of 6,030.32 minutes before the end of the trading day.

Thursday the market opened down at 6,010.61 and returned to the jagged pitch, rally/decline pattern hitting a slide to close the day at 5.971.95.

The FTSE opened on the bounce Friday, up at 5,983.44. A minor rally followed with a steady decline closed the trading week down for the London Markets.

Glencore PLC in strong trading moved 144.68M shares to close up at €102.15 for a gain of (+2.48%), The London Markets closed down at 5,950.23 with triple digit losses of (-21.72/-0.36%).

Gainers in the FTSE 100 include Fresnillo PLC (+33.00/+3.59%), Coca-Cola HBC AG (+39.00/+2.84%), Randgold Resources (+155.00/+2.50), Centrica PLC (+4.10/+1.98%).

Losers include Worldpay Group PLC (-9.00/-2.96%), Rolls-Royce Holdings PLC (-19.00/-2.87%), Sports Direct International PLC (-9.90/-2.42%) and Royal Bank of Scotland Group (The) PLC (-5.90/-2.34%).

Active on the FTSE 100 included Lloyd Banking Group PLC moving 126.24M shares in strong trading, closed down at €61.80 for a loss of (-1.03%), Vodafone Group PLC, in strong trading, moved 59.96M shares to close down at €212.95 per share for a loss of (-1.21%), Glencore PLC in strong trading moved 57.52M shares to close up at €118.40 for a gain of (+0.42%), Barclays PLC, in medium trading moved 49.23M shares to close down at €161.70 per share for a loss of  (-0.03%).

Hang Seng Index 

The Hang Seng Index opened the trading week down at, 18,668.87, and experienced impressive rallies ad sharp declines throughout the week although it was not enough to propel the Hang Seng beyond the out of the bear’s grasp.

The Hang Seng opened Monday at 18,668.87 and maintained a solid steady rally to close the day at 18,918.14.  

A solid bounce on Tuesday opened the Hang Seng up 95 points at 19,013.74. The rally continued throughout the day and the Hang Seng closed the trading day out at 19,122.08.

Wednesday stocks opened up on the bounce at 19,198.18 a gain of 76 points and continued to rally peaking at 19,294.53 before the Hang Seng declined sharply ending the day at 18,924.57. a one day loss of 386 points.

The Hang Seng rallied on Thursday opening up on the bounce at the week high of 19,409.21 where it remained in steading trading throughout the day with only minor adjustments the Hang Seng closed at 19,363.08.

Friday the Hong Kong Markets opened slightly down at 19,238.43 and remained steady throughout the day to close the trading week at 19,285.50.

The Hang Seng closed up at 19,285.50 with triple digit loss of (-77.58/-0.40%).

Gainers on the Hang Seng Index include Wharf Holdings (+1.15/+2.99%), Tingyi (Cayman Islands) Holding Corp (+0.22/+2.69%), Swire Pacific Ltd (+1.70/+2.32%), Want Want China Holdings Ltd (+0.12/+2.23%)

Losers for the week include Sands China Ltd (-0.85/-3.08%), Galaxy Entertainment Group Ltd, (-0.75/-2.83%), Hengan International Group Co Ltd (-1.60/-2.44%), Kunlun Energy Co Ltd (-0.11/1.93%).

Active trading on the Hang Seng Hong Kong Index includes Bank of China Ltd, in strong trading moved 256.28M shares to close down at HK$2.94 (-1.01%), Industrial and Commercial Bank of China, in strong trading, moved 203.59M shares to close down at HK$3.92 (-1.01%),  China Construction Bank Corp, in strong trading, moved 150.74M shares to close down at HK$4.61 (-0.86%), PetroChina Co Ltd, in strong trading moved 94.38M shares to close down HK$5.09 (-0.39%).

Source: Bing Finance

Haute Tease

  • Beltway Insider: Obama Preps for State of the Union; US-Russia Talk on Olympic Security; WH Sexual Assault Task Force

    AddThis Social Bookmark Button

    President Barack Obama will address the nation, this week, after accepting an invitation from Republican House Leader John Boehner to address a joint session of Congress and the House of Representatives with his annual State of the Union speech.

     
  • Minneapolis Cop Who Shot Civilian Has Two Open Cases; Known For Violence

    AddThis Social Bookmark Button

    Outrage has hit the streets of Minneapolis as details emerge behind the unprovoked police involved shooting late Saturday night that left Justine Damond dead, her fiancé and son shattered, and a city on edge begging for answers.

     
  • Money News: Retirement Solutions for the Affluent

    AddThis Social Bookmark Button

    Having a comfortable nest egg is not a guarantee that retirement worries will vanish. According to a recent Gallup Poll, the majority of Americans, low income as well as the more affluent, report to be “very” to “moderately” concerned about their retirement savings.

     
  • Kim Wall Murder: Judge Upgrades Charges; Peter Madsen to Stand Trial for Murder

    AddThis Social Bookmark Button

    Peter Madsen, 46, the eccentric Danish charged with manslaughter in the murder of Swedish Journalist Kim Wall, has proffered a third explanation for her murder and failed to acknowledge his culpability in the postmortem dismemberment.

     
  • Rolls-Royce VISION NEXT 100 Makes North American Debut

    AddThis Social Bookmark Button

    The Rolls-Royce VISION NEXT 100, codenamed 103EX, today made its North American debut at the historic Barker Hangar in Santa Monica, California. 103EX is the marque's first ever pure 'Vision Vehicle' and defines the future of luxury mobility.

     
  • Charlie Hebdo Slaughter: The World Unites Against Extremism

    AddThis Social Bookmark Button

    The world stood in solidarity with the 12 journalists, from the satirical magazine Charlie Hebdo, executed yesterday as three Islamic terrorists charged the Paris headquarters known for its offensive and humorous caricatures of extremists’ leaders.

     
  • Beltway Insider: Obama Pushes Nuke Deal; China Visit; Wildfires; Williams, Jennings, Gifford

    AddThis Social Bookmark Button

    President Obama addressed media over the week on the intricacies of the Iranian Nuclear Deal as the full congressional vote is quickly approaching and Washington's movers and shakers have left the capital for the annual summer vacation.

     
  • Beltway Insider: Trump/Putin/G20, Dems Slugfest Debate, SCOTUS Hear DACA, James Field Sentenced

    AddThis Social Bookmark Button

    President Donald Trump and Russian President Vladimir Putin had a sit down this week during the recent G20 Summit in Osaka, Japan where the two leaders seemed friendly as they sat for reporters while each expressed a disdain for media.

     
  • Mary, Queen of Scots Review – Gripping Historical Drama Filled with Betrayal, Rebellions, Lust and Conspiracy

    AddThis Social Bookmark Button

    Mary, Queen of Scots, from Focus Features, presents the turbulent lives of Mary Stuart as she attempts to regain respect, authority while facing her rival Elizabeth I, both encounter betrayals, rebellions, and conspiracies endangering both thrones.

     
  • Victoria & Abdul Review – Dame Judi Dench and Company Present Perfection

    AddThis Social Bookmark Button

    Victoria & Abdul, from Focus Features and Working Title Films, presents a little known season in Queen Victoria’s reign when she challenged and angered those around her by learning, living and loving and refusing to go quietly into the night.

     
  • Tosaly’s Kamaria Heels - Hello Lover and Welcome Home

    AddThis Social Bookmark Button

    Now taking center stage as my favorite “it” footwear is Tosaly’s “Kamaria” heel. Conceived by the “well-heeled” luxury British designer, Toyin Salami, the Kamaria is a tried-and-true statement shoe handmade by master artisans using modern techniques.

     
  • The Guilty Review - Intense, An Edge of the Seat Psychological Thriller

    AddThis Social Bookmark Button

    The Guilty, from Magnolia Pictures and Nordisk Film, presents a highly suspenseful, psychological drama, focusing on one suspended on desk duty police officer answering the emergency calls and the one call that becomes the race against time.

     
  • Los Feliz Property of Drake Bell Hits The Market

    AddThis Social Bookmark Button

    The Los Feliz home of actor and singer Drake Bell, better known for his recent gigs in "Superhero Movie" and "The Ultimate Spider Man," who lost the property during bankruptcy proceedings, has hit the market at just over 1.5million.

     
  • Money News: US Markets Close Up; World Markets Steady; Asian Markets in a Tailspin

    AddThis Social Bookmark Button

    The four U.S. Markets, Dow Jones Industrial Average, NASDAQ, S&P 500 and Russell 2000, running on the Bureau of Economic Analysis' Gross Domestic Product announcement of a 4.6% growth spurred investor's confidence throughout the week and aided as the markets rallied and managed, across the board, to close slightly up.

     
  • Amari Havodda Maldives - The Perfect Island Retreat

    AddThis Social Bookmark Button

    Tucked away in the Gaafu Dhaalu Atoll, one of the most preserved atolls in the Maldivian archipelago, Amari Havodda Maldives is an ideal spot for a romantic getaway, family holiday, girls’ getaway or escape to a tropical paradise.