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

AddThis Social Bookmark Button

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

 

Haute Tease

  • Audience Awards Launches Film Festival with Focus On Innovation And Diversity

    AddThis Social Bookmark Button

    The Audience Awards Film Festival, a four-day festival, will showcase 110 award-winning short films by world-class filmmakers, highlight the next generation of storytellers and celebrate some of the most respected, diverse industry veterans of our time.  

  • Haute Hideaways: The Best Ski Resorts in America and Canada

    AddThis Social Bookmark Button

    There are resorts all across North America, and each one of them has its own character — not to mention acreage, snowfall, elevation and amenities — so your choices are far from limited. To help you plan future ski excursions, WanderBat compiled this list of the best ski resorts from coast to coast (including a few in Canada).  

  • HL London: The New Southern Electrikk, Featured on Five Continents, Drops New Sounds February

    AddThis Social Bookmark Button

    Sometimes a record explodes after just one press release, and that seems to be the case with The New Southern Electrikk and their new single 'Brown Eyes'.  The track will be released along with B-side 'Theme to The New Southern Electrikk' an instrumental, as strong as the A release, that motivates with a classic beat and nice acoustics.

     
  • LIONSGATE Announces Multi-Year Transactional and Subscription VOD Licensing Deal With Jiaflix In China

    AddThis Social Bookmark Button

    Beijing, China, and Santa Monica, CA, November 6, 2013 – Reflecting the growing demand for Hollywood content in the Chinese marketplace, Lionsgate (NYSE: LGF), a leading global entertainment company, and Jiaflix Enterprises today announced a multiyear licensing agreement for classic Lionsgate and Summit films and selected new releases to be available for transactional and subscription video on demand (TVOD and SVOD) on M1905.com, China’s official streaming Website.

     
  • CLARK GREGG, KIMBERLY PEIRCE, JASON SCHWARTZMAN AND QUVENZHANÉ WALLIS TO PRESENT 2013 STUDENT ACADEMY AWARDS®

    AddThis Social Bookmark Button

    BEVERLY HILLS, CA – Actors Clark Gregg, Jason Schwartzman and Quvenzhané Wallis and director Kimberly Peirce have been tapped to present at the Academy of Motion Picture Arts and Sciences’ 40th Student Academy Awards on Saturday, June 8, at 7:30 p.m. at the Academy’s Samuel Goldwyn Theater. 

     
  • LA Scene: Rubies + Diamonds Hosts a Grand Reopening

    AddThis Social Bookmark Button

    Rubies + Diamonds, the upscale Coffee and Tea House located in the trendy Columbia Square complex, on Sunset Boulevard, recently hosted a grand reopening introducing a new line of teas, a chic interior design, and a simplified exotic menu.

     
  • Marguerite Review - An Enchanting Off Key Comedy

    AddThis Social Bookmark Button

    Marguerite, from Cohen Media Group and Fidelite Films, brings to the screen Paris in the 1920’s, the combination of French aristocracy and bourgeoisie, the artist and the lover, desire for self-determination and the courage to live.