Money News: World Markets Close Up; DOW Down

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The DOW Jones Industrial struggled against a sluggish economy, rising gasoline prices, an adjusted US GDP Growth rate, as nine of the most watched global markets closed up, the sluggish DOW closed down amidst political uncertainty and global instability.

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 E.I. du Pont de Nemours & Co (+1.09/+1.80%) with a closing price of $61.51 per share, Goldman Sachs Group Inc closing up at $150.25 per share for a gain of (+2.00/+1.35%), Boeing Co closing up at $118.16 price per share (+1.34/+1.15%) and JPMorgan Chase & Co closing up at $57.54 per share for a gain of (+0.53/+0.93%).

Losers for the week include Coca-Cola Co closing down at $43.14 per share for a loss of (-1.02/-2.31%), Wal-Mart Stores Inc closing down at $66.51 with a loss of (-1.53/-2.25%), International business Machines Corp (-2.47/-1.84%) with a closing price of $132.03, and Microsoft Corp closing down at $51.30 for a loss (-0.80/-1.54%).

Active for the week included Pfizer Inc in solid trading for the week moved 42.93M shares closing up at $30.23 per share for a loss of (+30.23%), Microsoft Corp, in strong trading moved 35.98M shares, to close down at $51.30 per share for a loss of (-1.54%), General Electric Co in solid trading moved 29.34M shares closing up at $29.40 per share for a gain of (+0.58%), Apple Inc in medium trading moved 28.99M shares closing down at $96.91 per share with a gain of (+0.16%).

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 90/10. All major New York Markets, the DOW Jones Industrial and the S&P500 closed down. The NASDAQ closed up.In the Americas, Mexico’s IPC and Canada's S&P TSX Composite both closed up.

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

The highly traded Asian Markets finally escaped the bear’s grasped. The Sensex of India closed up. Hong Kong’s Hang Seng, the Shanghai Composite and the highly traded Japanese Nikkei 225 also closed up.

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 strong fluctuating market with the Nikkei finally escaping the bear’s grasp to close the trading week up.

Stocks opened Monday down, 15,908.05 and began an immediate rally by afternoon the Nikkei had experienced solid gain and closed the day at 16,111.05.  Stocks opened Tuesday up on the bounce at 16,304.63 and immediately went into a tailspin, declining for the remainder of the day closing Tuesday at 16,052.05.

Wednesday opened down at 15,779.64 and while the sluggish Nikkei managed to close up at 15,915.79; it was a hard won victory.

Stocks on the Nikkei opened Thursday up at 16,035.03 on the bounce and continued to rally with minor setbacks and momentary declines the Nikkei managed to close up at 16,140.34.

Friday the Nikkei opened up on the bounce at 16,382.07, a gain of 242 points. A small decline/rally and the Nikkei managed to close the week up at 16,188.41.

The Nikkei 225 closed the trading week up at 16,188.41 with double digit gains of (+48.07/+0.30%).

Gainers for the week include Nisshin Steel Co Ltd (+47.00/+3.79%), Alps Electric Co Ltd (+56.00/+3.10%).

Losers for the week included DeNA Co Ltd (-116.00/-6.51%), Sumco Corp (-27.00/-3.68%).

Active on the Nikkei 225 include Mizuho Financial Group Inc moving, in 60 straight weeks of strong trading, moved 194.04M share to close down at ¥168.10 for a loss of (-1.47%), Sharp Corp, moving 103.95M shares to close even at ¥132.00 for a gain/loss of (+/-0.00%).

Mitsubishi UFJ Financial Group Inc in soft trading, moved 83.56M shares to close even at ¥488.70 for a gain/loss of (+/-0.00%), NEC Corp in medium trading moved 50.71M shares to close even at ¥288.00 for a gain/loss (+/-0.00%),

FTSE 100

The London Markets, followed closely the global pattern with deep setbacks mid-week followed by strong rallies to finish.

Opening down on Monday at 6,015.05, the FTSE moved quickly up with minor rolling declines to close up at 6,037.73. Tuesday the FTSE opened down at 5,991.50 and remained in the rolling rally/decline patter with a major tumble closing the day.

Stocks opened Wednesday down at 5,941.09 as the decline continued throughout the trading day hitting the week low of 5,859.75 by close of trading Wednesday.

Thursday the market opened up nearly 100 points at 5,961.26 and continued to rally throughout the day and managed to close up, after a mid-afternoon decline almost wiped out the gains of the day, at 6,012.81.

The FTSE opened on the bounce Friday, up at 6,076.28. The FTSE rallied strongly throughout the day hitting the week high 6,113.23.

A FTSE closed the trading up at 6,096.01 with double digit gains of (+83.20/+1.38%).

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 6,096.01 with double digit gains of (+83.20/+1.38%).

Gainers in the FTSE 100 include Glencore PLC (+9.45/+7.95%), Standard Chartered PLC (+31.30/+7.85%), Burberry Group PLC (+89.00/+7.54), London Stock Exchange Group PLC (+183.00/+6.95%).

Losers include Royal Bank of Scotland Group (The) PLC (-17.40/-7.13%), International Consolidated Airlines Group PLC (-17.50/-3.13%), Coca-Cola HBC AG (-42.00/-2.98%) and Severn Trent PLC (-28.00/-1.30%).

Active on the FTSE 100 included Lloyd Banking Group PLC moving 174.27M shares in strong trading, closed up at €72.13 for a gain of (+2.11%), Glencore PLC, in strong trading, moved 84.22M shares to close down at €128.25 per share for a gain of (+7.95%), Barclays PLC in strong trading moved 55.46M shares to close up at €169.10 for a gain of (+2.58%), Royal Bank of Scotland Group (The) PLC, in medium trading moved 50.18M shares to close down at €226.60 per share for a loss of  (-7.13%).

Hang Seng Index 

The Hang Seng Index opened the trading week down at 19,374.24, and experienced impressive rallies and sharp declines throughout the week.

The Hang Seng opened Monday at 18,374.24, trading on the Hang Seng was characterized by strong rallies and sharp declines to close the day up 90 points at 19,464.09.  

Opening up 42 points on the bounce, the Hang Seng declined throughout the day closing down at 19,414.78.  

The loss continued as Wednesday opened down 163 points and continued to fall throughout the day. A small rally stopped the hemorrhage and the Hang Seng closed at 19,192.45. Opening down Thursday, The Hang Seng fell 142.00 before 9:30am.

Trying to shake off the decline, a small rally brought before noon brought the sluggish Hang Seng up to 19,114.29 before tumbling out of control for the remainder of the day closing down at 18,888.75.

The Hang Seng skyrocketed Friday on the bounce opening at 19,223.52 a gain if 335 points. Friday’s opening boost fueled a strong rally and the Hang Seng continued to climb throughout the day with a strong afternoon jump the Hong Kong markets closed the trading week up at 19,365.53.

The Hang Seng closed up at 19,364.15 with triple digit gain of (+475.40/+2.52%).

Gainers on the Hang Seng Index include Tingyi (Cayman Islands) Holding Corp (+0.53/+7.49%), Kunlun Energy Co Ltd (+0.31/+5.82%), China Petroleum & Chemical Corp (+0.24/+5.73%), Cathay Pacific Airways Ltd (+0.62/+5.08%)

Losers for the week include China Resources Beer (Holdings) Co Ltd, (-0.32/-2.51%), Hengan International Group Co Ltd (-0.05/-0.08%).

Active trading on the Hang Seng Hong Kong Index includes Industrial and Commercial Bank of China, in strong trading, moved 373.64M shares to close dup at HK$3.87 (+0.78%),  Bank of China Ltd, in strong trading moved 225.24M shares to close up at HK$2.94 (+1.73%), China Construction Bank Corp, in strong trading, moved 204.38M shares to close up at HK$4.58 (+1.10%), PetroChina Co Ltd, in strong trading moved 112.01M shares to close up HK$5.17 (+4.66%).

Source: Bing Finance

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