Money News: Wall Street, World Markets Fight Back; Survive Mauling with Minimal Losses

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The DOW Jones Industrial Average, on a roller coaster ride that saw rapid and steep declines, nauseating losses, frightening sell offs, violent pitching, and stunning rallies, survived to roar back in the face of major global economic devaluations.

The Monday mauling on Wall Street caught the world by surprise as the DOW opened the trading week up and ten minutes into the day saw a slippery slope that wouldn't end. Fortunately, the trading day ended and with it the slide that cost major stakeholders more than 1B in losses.

The DOW pitched violently on Tuesday dropping as low as 15,666. 44 at the closing bell. Wednesday, the market stopped quaking and immediately a rally began and continued throughout the remainder of the week.

The DOW ended the trading week down at 16,643.01 (-11.76/-0.07%). Opening at 16,649.42 the DOW held a day range of 16,535.18-to-16,669.97.

Gainers include ARIAD Pharmaceuticals Inc (+2.91/+41.69%) with a closing price of $9.89 per share, Linn Energy LLC (+0.40/+13.79%) with a closing price of $3.30 per share, Exterran Partners LP, also closed up at $20.96 for a gain of (+2.10/+11.13%) and Carrizo Oil & Gas Inc closing up at $35.38 per share for a gain of (+2.87/+8.83%)

Losers for the week include Aduro Biotech Inc closing down at $20.61 per share for a loss of (-1.20/-5.50%), Siliconware Precision Industries Co Ltd closing down at $5.99 with a loss of (-0.32/-5.07%), Autodesk Inc (-2.48/-4.96%) with a closing price of $47.52 and NantKwest Inc (-0.95/-4.87%) with a closing price of $18.56.

Active for the week included Activision Blizzard Inc, in heavy trading moved 133.08M shares, to close up at $29.22 per share with a gain of (+4.62%), Apple Inc in medium trading moved 53.16M shares closing up at $113.26 per share with a gain of (+0.37%), Intel Corp in medium trading moved 43.45M shares closing up at $28.42 per share with a gain of (+2.53%), ARIAD Pharmaceuticals Inc in steady trading moved 38.73M shares, closing up at $9.89 per share for a gain of (+41.69%).

The NASDAQ closed down at 4,828.32 for a loss of (+15.62/+0.32%).

The S&P 500 also closed down at 1,988.87 for a loss of (+1.21/+0.06%).

World Markets

The ten most watched world markets closed the trading week with an even 50/50 split. The DOW Jones Industrial and Mexico's IPC closed down with NASDAQ, S&P500 and Canada's S&P TSX Composite closing up.

Central Europe's London's FTSE 100 and the CAC 40 of France closed up with Germany's DAX closing down. 

Asian Markets split the week also SENEX of India and Hong Kong Hang Seng closing down and Japan's highly traded Nikkei 225 and the Shanghai Composite closing up.

Nikkei 225

The Japanese Nikkei 225 began the trading week at nearly the week high, and began a week of rallies and declines and well as reactionary pitching from the mauling experienced on Wall Street.

By mid-day Tuesday, after a roller coaster gain and drop, the Nikkei began a slow steady rally took over and continued throughout the remainder of the week and through the closing bell Friday.  

The Nikkei 225 rallied well and closed the week up with triple digit gains gaining almost the exact same percentage of its value it lost the previous week.  

The Nikkei closed the trading week up at 19,136.32 with triple digit gains of (+561.88/+3.03%). 

Gainers for the week include Furukawa Co Ltd (+28.00/+10.73%), Sumitomo Metal Mining Co Ltd (+131.50/+9.27%), Sharp Corp (+14.00/+8.33%), Mitsui Chemicals Inc (+32.00/+8.25%).

Losers include Ana Holdings Inc (-5.10/-6.92), NTT DoCoMo Inc (-23.00/-0.91%), Sumitomo Osaka Cement Co Ltd (-1.00/-0.21%) and Keisei Electric Railway Co Ltd (-1.00/-0.08%).

Active on the Nikkei include Mizuho Financial Group Inc, in 36 straight weeks of strong trading, moving 239.57M shares to close up at ¥252.10 for a gain of (+4.13%), Mitsubishi UFJ Financial Group Inc in medium trading, moved 72.82M shares to close up at ¥821.70 for a gain of (+4.42%), Sharp Corp in strong trading moved 65.70M to close up at ¥182.00 for a gain (+8.33%), Kobo Steel Ltd, in mild trading moved 64.03M shares to close up at ¥170.00 for a gain of (+7.59%).

FTSE 100

London Markets began the week down, and proceeded to fall even further hitting the week low by the closing bell Monday. Tuesday saw a rally with few dips and declines and proceeded to rally throughout the remainder of the trading week.

The London Markets closed up at 6,247.94 with double digits gains of (+55.91/+0.90%).

Gainers in the FTSE 100 include Inmarsat PLC (+40.32/+4.31%), BG Group PLC (+30.10/+3.13%), Royal Dutch Shell PLC (+40.99/+2.47%) and Royal Dutch Shell PLC (+38.43/+2.32%).

Losers include TUI AG (-29.00/-2.44%), International Consolidated Airlines Group (-9.00/-1.65%), EasyJet PLC (-28.00/-1.64%), and 3i Ord (-7.30/-1.47%).

Active on the FTSE 100 included Glencore PLC, in mild trading, moved 80.19M shares to close up at €147.60 per share for a gain of (+1.55%), Lloyds Banking Group PLC moving 74.32M shares in strong trading, closed down at €77.17 for a loss of (-0.66%), BP PLC, in light trading moved 32.36M shares to close up at €358.80 per share for a gain of (+2.16%), Barclays PLC in light trading moved 24.26M shares to close down at €260.50 for a loss of (-0.80%).

Hang Seng Index 

The Hang Seng Index began the trading week down experienced a sharp rlly mid-day Monday and immediately declines. The remainder of the week followed the global trend of violent pitching, quaking, rally, decline and the Hang Seng was no different hitting the week high at opening bell Friday followed by a decline throughout the remainder of the day and the Hang Seng ended the trading week down with triple digit losses.

The Hang Seng closed down at 21,612.39 with triple digit losses of (-226.15/-1.04%).

Gainers on the Hang Seng Index include Lenovo Group Ltd (+0.44/+6.97%), Kunlun Energy Co Ltd (+0.27/+5.15), China Shenhua Energy Co Ltd (+0.50/+3.79%), China Petroleum & Chemical Corp (Hong Kong) Ltd (+0.19/+3.77%).

Losers for the week include Bank of Communications Co Ltd (-0.21/-3.55%), Industrial and Commercial Bank of China Ltd (-0.13/-2.76%), Bank of China Ltd (Hong Kong) (-0.09/-2.45%), China Construction Bank Corp (-0.12/-2.15%).

Active trading on the Hang Seng Hong Kong Index includes Industrial and Commercial Bank of China Ltd, in strong trading, moved 495.28M shares to close down at HK$4.58 (-2.76%), Bank of China Ltd, in heavy trading, moved 434.70M shares to close down at HK$3.59 (-2.45%), China Construction Bank Corp, in heavy trading moved 322.74M shares to close down at HK$5.46 (-2.15%), Lenovo Group Ltd in strong trading moved 167.33M shares to close up HK$6.75 (+6.75%).

Source: Bing Finance


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