Money News: North American, European Markets Close Up; Shanghai, Mexico Down

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Category: Business/Financial News

Published on Sunday, 07 June 2015 19:40

Written by Janet Walker

The DOW Jones Industrial Average, with the market in the Bears grasp, took a hit for the third straight week, closing down and setting a global tone with the NASDAQ breaking away to close up.  

The DOW opened the trading week up with a soft rally early Monday followed by repeated rallies and declines as the DOW tried to catch the wave unfortunately, by Wednesday the DOW fell gradually throughout the remainder of the week to end the trading week down at 17,849.46 (-56.12/-0.31%). Opening at 17,905.38, the DOW held a day range of 17,822.90-to-17,940.78.

Gainers include JP Morgan Chase & Co (+1.08/+1.63%) with a closing price of $67.42 per share, Goldman Sach Group Inc (+1.44/+0.69%) with a closing price of $210.48 per share, Caterpillar Inc also closed up at $86.05 for a gain of (+0.57/+0.67%) and Visa Inc closing up at $68.38 per share for a gain of (+0.15/+022%)

Losers for the week include Verizon Communications Inc closing down at $47.25 per share for a loss of (-0.88/-1.82%), Wal-Mart Stores Inc closing down at $73.02 with a loss of (-1.13/-1.52%), Intel Corp (-0.49/-1.52%) with a closing price of $31.84, and Coco-Cola Co (-0.50/-1.23%) with a closing price of $40.10.

Active for the week included Apple Inc moved 30.78M shares in medium trading to close down at $128.66 per share for a loss of (-0.57%), Intel Corp in light trading moved 22.59M shares closing down at $31.84 per share with a loss of (-1.52%), Microsoft Corp in light trading moved 20.53M shares closing down at $46.16 per share with a loss of (-0.47%) and General Electric Corp in light trading moved 19.31M shares, closing up at $27.29 per share for a gain of (+0.04%),

The NASDAQ closed up at 5,068.46 for a gain of (+9.33/+0.18%).

The S&P 500 also closed up at 2,092.83 for a loss of (-3.01/-014%).

World Markets 20/80 split

The ten most watched world markets closed the trading week with a 20/80 split. The North American Markets including the DOW Jones Industrial, S&P500, NASDAQ, Canada's S&P TSX Composite, Central European Markets London's FTSE 100, CAC 40 of France and Germany's DAX and Asia’s Hong Kong Hang Seng and Japan's highly traded Nikkei 225 and SENEX of India all closed down.  Asian Markets split with the Shanghai Composite closing up as well as Mexico's IPC closing up. NASDAQ also closed up.

Nikkei 225

The Japanese Nikkei 225, began the trading week with a strong rally followed by a sharp slide, slight rally and then it dropped. The rally that followed salvaged the week as the Nekkei had a weak performance for the remainder of the week and continued with a slight dip on Friday closing the trading week down at 20,460.90 with double digit loss of (-27.29/-0.13%). 

Gainers for the week include Ana Holdings Inc (+11.50/+3.52%), Casio Computer Co Ltd (+68.00/+2.91%), Keisei Electric Railway Co Ltd (+38.00/+2.70%), East Japan Railway Co (+275.00/+2.49%).

Losers include Unitika Ltd (-2.00/-3.23%), Dentsu Ltd (-190.00/-2.98%), Sojitz Corp (-9.00/-2.88%) and Dai-ichi Life Insurance Co Inc (-66.00/-2.77%).

Active on the Nikkei include Mizuho Financial Group Inc, in 25 straight weeks of strong trading, moving an impressive 208.59M shares to close down at ¥264.40 for a loss of (-1.75%), Tokyo Electric Power Co Inc in strong trading, moved 194.23M shares to break even at ¥710.00 for a gain/loss of (0.00%), Mitsubishi UFJ Financial Group Inc, in strong trading moved 88.09M shares to close down at ¥907.10 for a loss of (-1.86%), and Sharp Corp, also in strong trading, moved 44.69M shares to close down ¥171.00 for a loss of (-0.58%).

FTSE 100

London Markets opened the trading week up with a slight rally on Monday followed immediately by a weeklong cycle of repeated declines and gradual rallies with deeper declines Thursday and Friday with slight rallies to close the trading week down at 6,804.60 with double digit losses of (-54.64/-0.80%).

Gainers in the FTSE 100 include Roya Bank of Scotland (The) PLC (+5.80/+1.65%), Anglo American PLC (+14.00/+1.39%), International Consolidated Airlines Group PLC (+5.00/+0.95%) and BP PLC (+3.80/+0.86%).

Losers include Marks & Spencer PLC (-16.50/-2.85%), Hikma Pharmaceuticals PLC (-55.00/-2.68%), Imperial Tobacco Group PLC (-83.00/-2.54%) and Morrison (WM) Supermarkets PLC (-4.50/2.52%).

Active on the FTSE 100 included Vodafone Group PLC,  in strong trading moved 129.62M shares to close down at €242.67 per share for a loss of (-2.19%), Lloyds Banking Group PLC moving 104.46M shares in strong trading, closed down at €87.07 for a loss of (-0.49%), Barclays PLC, in light trading moved 34.99M shares to close down at €265.70 per share for a loss of (-0.26%), and Glencore PLC in mild trading moved 34.71M shares to close down at €278.15 for a loss of -1.15%).

Hang Seng Index 

The Hang Sang Index began the trading week down with a small rally on Monday followed by a steady decline, followed by minimal gains, throughout the remainder of the week. Thursday strong rally was countered by an equally sharp decline to close the week down with triple digit losses.

The Hang Seng closed down at 27,260.16 with triple digit losses of (-291.73/-1.06%).

Gainers on the Hang Seng Index include Belle International Holdings Ltd (+0.30/+2.84), China Mengniu Dairy Co Ltd (Hong Kong) (+0.70/+1.65%), Cathay Pacific Airways Ltd (Hong Kong) (+0.28/+1.45%), Sands China Ltd (+040/+1.34%).

Active trading on the Heng Seng Hong Kong Index includes China Construction Bank Corp, in impressive trading moved 356.14M shares to close down at HDK$7.78 (-1.64%), Industrial and Commercial Bank of China, in strong trading, moved an impressive 240.26M shares to close down at HK$6.64 (-1.63%), Bank of China Ltd, also in strong trading, moved 235.68M shares to close down at HK$5.16 (-1.34%), and China Petroleum & Chemical Corp in medium trading moved HK$164.69M shares to close down HK$6.52 (-2.40%).

Losers for the week include Henderson Land Development Co Ltd (Hong Kong) (-1.70/-2.99), Bank of Communications Co Ltd (Hong Kong) (-0.20/-2.48%), China Petroleum & Chemical Corp Ltd (-0.16/-2.40%) and Want Want China Holdings Ltd (Hong Kong) (-0.20/-2.33%).

Source: Bing Finance