Money News: US Markets Tease Investors; World Markets Split; S&P500 Nears New Record

AddThis Social Bookmark Button

The four U.S. Markets, Dow Jones Industrial Average, NASDAQ, S&P 500 and Russell 2000, fluctuated throughout the week, teasing with break even and possible gains scenarios and finally left investors slightly disappointed as all four markets closed the week just lower, at less than a 1% loss.


The DOW opened the week barely above the new 17,000 record at 17, 044.05 and fell slightly on Monday. Unable to recover the DOW continued to drop throughout the week and finally closed down, at 16,987.51 for a net loss of -61.49/-0.36%.

Although the DOW remained in a freefall throughout the week it was not a bloodbath or enough to cause serious concern over the market gains, economy or economic stability,

Big winners for the week include Goldman Sachs Group (+2.17/+1.20%) trading with a closing price of $183.17 per share, JPMorgan Chase & Company (+0.27/+0.45%) closing up at $60.03 per share, McDonald's Corp at $93.34 per share up (+0.38/+0.41%) and Johnson & Johnson Co at $104.58 per share up (+0.03/+0.03%).

Losers include Verizon Communications (-0.61/-1.24%), Exxon Mobile Corporation (-1.25/-1.29%), Cola-Cola Co (-0.49/-1.17%), and Intel Corp (-0.40/-1.13%).

Active on the DOW include Microsoft Corp in light trading moved 38.25M shares closing down at $46.70 with a loss of -0.65%, General Electric Co traded 24.64M shares in light trading for a net loss of -0.58%, Intel Corp moved 26.73M shares in light trading for a net loss of -1.13%, and Cisco Systems Inc, also in light trading moved 33.20M shares for a loss -0.08% to $25.16 per share.

Although NASDAQ closed down, the tumble was simply a misstep as the NASDAQ continued its upward movement with analysts predicting a record high of 5,000 in the next two months. NASDAQ closed down 4567.60 down (-24.21/-0.53%).

The S&P 500, ran alongside the NASDAQ, and Russell 2000, gaining all the previous losses, and even as it was the only U.S., market to close up it barely broke even closing slightly up at 1991.80, with a gain of +0.05/+0.00%.

Russell 2000 also had a strong week closing, and like the NASDAQ only closed slightly lower at 1,160.61 with a loss of -11.73/-1.00%.

World Markets

Unable to maintain the momentum of the previous week, the ten most watched world markets including Canada's S&P TSX Composite, the Dow Jones Industrial Average of the U.S., Mexico's IPC, London's FTSE 100, Germany's DAX, CAC 40 of France, the SENEX of India, the Hang Seng Index and the Shanghai Composite closed the week with a sixty/forty split.  

Nikkei 225

The Japanese Nikkei 225, slowly recovering from the Asian market bloodbath and uncontrollable spin over the past month, finally shook off the restraints and closed at 15, 948.29 with a gain of (+39.09/+0.25%). 

Big winners for the week include Sumco Corp (+54.00/+5.34%), Astellas Pharma Inc. (+49.50/+3.20%) and Shinsei Bank, Ltd. (+7.00/+2.99%) and Dainippon Screen M (+15.00/+2.65%),

Losers include Mitsumi Electric Co (-22.00/-2.51%), Fujitsu, Ltd (-14.40/-2.07%), Alps Electric Co ltd (-33.00/-1.94%), NTN (-9.00/-1.88%).

Movers on the Nikkei include Unitika Ltd in strong trading moved 65.96M shares and gained slightly over the week closing up (+2.13%) at ¥48.00 per share, Mitsubishi UFJ Financial also in strong trading at 70.78M shares to close up at ¥621.90 per share for a net gain of (+0.53%) and Oki Electric Industry Sum in medium trading at 35.92M shares to close up at ¥258.00 per share for a net gain of (+1.57%).

FTSE 100

London Markets, continued to slowly build even as the Scottish referendum looms attesting to the strength as the market sustains the concern over the outcome, began the week at 6799.62 in moderate trading the FTSE 100 gained slightly throughout the week and closed up 6806.96 with a net gain of +7.34/+0.11%.

Big winners in the FTSE 100 include Barratt Development (+10.00/+2.64%), Pearson PLC (+24.00/+2.08%), G4S PLC (+4.90/+1.92%) and Barclays PLC (+4.50/+2.00%).

Losers include Associated British (-56.00/-2.09%), Whitbread PLC (-81.00/-1.87%), Coco-Cola HBC AG (-53.00/-3.61%) and Old Mutual PLC (-2.40/-1.22%).

Active on the FTSE 100 includes Lloyds Banking Group moved 90.16M shares in a second week of heavy trading heavy trading to close up at €74.58 a gain of +0.67%, Vodafone Group PLC moved 39.83M shares, in a second week of solid trading closing up at €203.65 with a gain +0.10% and Barclays PLC moved 50.09M shares, in a second week of strong trading, selling up at €230.00, for a net gain of +2.00%.

Hang Seng Index

The Hong Kong Markets unable to rallied throughout the week hoping for a second break even week closed the week plummeting. The Hang Seng steadily dropped throughout the week and closed down at 25,595.32 with a net of loss of -67.32/-0.27%

Index movers on the Hang Seng Index include Lenovo Group Ltd (Hong Kong) (+0.36/+3.07%),  China Resources Power Holdings Co Ltd (+0.70/+2.97%),  China Unicom Ltd (+0.22/+1.61%), China Petroleum &Chemical Corp (+0.08/+1.02%).

Active trading on the Heng Seng Hong Kong Index includes China Construction Bank in heavy trading 119.81M shares closed down at HK$5.78 with a net loss of -0.17% and Bank of China Ltd in heavy trading moved 202.94M shares closing at HDK$3.64 with a loss of -0.27%.

Losers for the week include Belle International Holdings Inc Properties down (-0.26/-2.69%), CITIC Pacific Ltd down (-0.60/-4.06%) and PetroChina Co Ltd (-0.14/-1.31%).


Source: Bing Finance


Haute Tease

  • James "Whitey" Bulger Killed in Prison Fight

    AddThis Social Bookmark Button

    James "Whitey" Bulger, 89, convicted Mob boss who spent 15 years living quietly in Santa Monica, California while hiding from federal authorities, was killed the day after he arrived at West Virginia's Hazelton Maximum Security prison.

  • 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.

  • Beltway Insider: Obama on ISIS; Iran Deal; Greece; Vietnam; Cyber Security; The Stones Exhibition

    AddThis Social Bookmark Button

    President Obama, German Chancellor Angela Merkel and President François Hollande of France have remained committed to offering sound suggestions to assist Greece reached a conclusion that allows the beleaguered nation to remain in the Eurozone and manage its debt.

  • Beltway Insider: Obama Stumps for Hillary; Election 2016; Bridgegate; Brexit; SC Serial Killer; Chicago Cubs

    AddThis Social Bookmark Button

    President Obama has indicted he is monitoring closely the efforts by the Army Corp of Engineers who agreed to issue a pause on the Dakota Access Pipeline construction until further consultation with the local tribes could be completed.

  • The Children Act - Well Done, Provocative, Challenging

    AddThis Social Bookmark Button

    The Children Act, from A24, presents the story of life within a power couple’s marriage, of an overloaded and dedicated High Court Children's Judge her equally high achieving husband, the demands of profession, of martial expectations, of life.

  • Fine Art Photographs of FREDDIE MERCURY & QUEEN An Exhibition and Sale

    AddThis Social Bookmark Button

    Morrison Hotel Gallery presents KILLER QUEEN, a special exhibition and sale featuring legendary rock band Queen just in time for the release of the highly-anticipated Bohemian Rhapsody biopic that documents how the champions of rock and roll rose to earth-shattering stardom.

  • From CANNES: Marin Karmitz Honored by the 71st Festival de Cannes

    AddThis Social Bookmark Button

    On the occasion of the Dinner for Professionals of the world film industry organized by the Festival de Cannes on Friday, May 11th, a tribute will be paid to Marin Karmitz for all his work in favor of auteur cinema.

  • Dr. Christopher Calapai Explains "Superfoods" - Ultra-Violet to Ultra Healthy

    AddThis Social Bookmark Button

    Pantone recently announced Ultra-Violent, as the 2018 Color of the Year. Serving as the hue of some of our favorite superfoods, Dr. Christopher Calapai, D.O., has compiled a list of the impressive benefits these cosmic colored foods have to offer.

  • Beltway Insider: US-Russia Broker Syrian Deal;Obama Addresses Nation; NYT Prints Putin Op-Ed; Nation Remembers 9/11

    AddThis Social Bookmark Button

    The United States and Russia have brokered a deal, in principal, with the government of Basher al-Assad forcing the authoritarian leader to relinquish control of Syria’s chemical weapons arsenal or face swift, severe, and effective retaliation.

  • What Men Want Review - An Over the Top, Laugh Out Loud Funny, Testosterone Trip

    AddThis Social Bookmark Button

    What Men Want, from Paramount Players and BET Films, presents an hilarious, fun filled trip as super sports agent, Ali Davis becomes enabled, after a bachelorette party gone bad, with the power to hear the thoughts of men.

  • Badrutt Palace Hotel, St. Mortiz, Sleeps Until December; Restructures Top Management

    AddThis Social Bookmark Button

    The Board of Directors at Badrutt's Palace Hotel AG streamlines the organization of the traditional house and restructures the top management level. The board appointed Richard Leuenberger as the new Managing Director and transferred the operational responsibility to him.

  • Murderer of James Foley Believed to Be Identified

    AddThis Social Bookmark Button

    British and American Intelligence officials are close to announcing the identity of the ISIS/ISIL terrorist responsible for the murder of American freelance journalist James Foley, beheaded by Iraqi Terrorists in retaliation to President Obama's assistance to the region.

  • Dr. Manish Shah Offers Tips On Summer Skincare Products – The Best and The Worst

    AddThis Social Bookmark Button

    You're all set for a fun day in the sun with your wide-brimmed hat to shield you from the UV rays, and you have given your waterproof SPF 30 or higher plenty of time to absorb into your skin.

  • At Stanford Graduation - Plane, Bike Billboards on Campus Declare “Protect Survivors. Not Rapists. #PerskyMustGo”

    AddThis Social Bookmark Button

    On Sunday, June 12th, as Stanford University students attend graduation and commencement ceremonies, UltraViolet, a national women's advocacy organization, has commissioned three bicycle billboards to accompany student protesters as they march in solidarity with the survivor and against Judge Persky's decision.  

  • Kayaker Body Found Identified as Missing Fiance

    AddThis Social Bookmark Button

    Murdered kayaker Vincent Viafore, reported missing by Angelika Graswald, his fiancee, has been found in the murky waters of the Hudson River where he was last seen in early April as the two enjoyed a recreational boating trip.