Money News: US Markets Close Up; World Markets Steady; Asian Markets in a Tailspin

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The four U.S. Markets, Dow Jones Industrial Average, NASDAQ, S&P 500 and Russell 2000, running on the Bureau of Economic Analysis' Gross Domestic Product announcement of a 4.6% growth spurred investor's confidence throughout the week and aided as the markets rallied and managed, across the board, to close slightly up.


The DOW opened the week just below the 17,000 record at 16, 948.62 and fell slightly on Monday, beginning what appeared to be the weekly trend. Recovering, however, the DOW charged throughout the week, with steady gains, ending the week closing up at 17,113.15 for a net gain of +167.35/+0.99%.

Big winners for the week include Nike Inc (+9.75/+12.23%) trading with a closing price of $89.50 per share, Cisco Systems Inc (+0466/+1.87%) closing up at $25.00 per share, American Express Co  at $88.37 per share up (+1.61/+1.86%) and Exxon Mobile Corporation at $95.43 per share up (+1.18/+1.25%).

Losers include Merck & Co Inc (-0.25/-0.42%), Pfizer Inc (-0.26/-0.87%) and 3M Co (-0.06/-0.04%).

Active on the DOW include Microsoft Corp in light trading moved 27.08M shares closing up at $46.41 with a gain of +0.80%, General Electric Co in light trading moved 28.93m shares for a net gain of +0.31%, Intel Corp moved 25.88M shares in light trading for a net gain of +0.35%.

The NASDAQ continued its upward movement with analysts predicting a record high of 5,000 in the next two months. NASDAQ closed up at 4512.19 with a net gain of +45.45/+1.02%.

The S&P 500, ran alongside the NASDAQ, and Russell 2000, closing slightly down at 1982.85, with a gain of +16.86/+0.86%.

Russell 2000 also had a strong week closing, and like the NASDAQ only slightly lower at 1,119.33 with a gain of +9.09/+0.82%.

World Markets

Unable to maintain the momentum of the previous week, the ten most watched world markets 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 seventy/thirty split.  

Nikkei 225

The Japanese Nikkei 225, stumbled throughout the week, falling dramatically, until mercifully the markets closed stopping the freefall as once again the Asian markets began to spin out of control. The Nikkei 225 closed down at 16, 229.86 with a loss of (-144.28/-0.88%). 

Big winners for the week include Fanuc Corp (+805.00/+4.13%), Trend Micro Inc (+90.00/+2.54%) and Unitika Ltd (+1.00/+2.00%) and Sumco Corp (+23.00/+1.81%),

Losers include Nisshin Seifun Group (-141.00/-11.56%), Daiichi Sankyo Co Ltd (-76.50/-4.17%), Ricoh Ltd (-41.50/-3.39%), Sumitomo Corp (-43.50/-3.06%).

Movers on the Nikkei include Unitika Ltd in strong trading moved 63.07M shares and gained slightly over the week closing up (+2.00%) at ¥51.00 per share, Mitsubishi UFJ Financial in light trading at 44.62M shares to close up at ¥625.20 per share for a net loss of (-2.28%) and ANA HOLDINGS INC in light trading at 33.12M shares to close up at ¥253.20 per share for a net loss of (-2.01%).

FTSE 100

London Markets surprised all this week remaining steady in the wake of the Scottish referendum. Investors appeared calm without backlash seemingly going unnoticed by investors throughout the United Kingdom.

In moderate trading the FTSE 100 gained slightly throughout the week and closed up 6649.39 with a net gain of +9.68/+0.15%.

Big winners in the FTSE 100 include easyJet PLC (+43.00/+3.19%), St. James's Place PLC (+20.00/+2.78%), British Land Co PLC (+14.50/+2.10%) and Fresnillo PLC (+13.50/+1.80%).

Losers include Sainsbury (-7.90/-3.06%), Sports Direct International (-17.00/-2.67%), Imperial Tobacco Growers (-48.00/-1.78%) and Morrison (Wm) Suppliers (-3.10/-1.78%).

Active on the FTSE 100 includes Lloyds Banking Group moved 112.52M shares in a third straight week of heavy trading to close up at €76.66 a gain of +0.60%, Vodafone Group PLC moved 39.75M shares, in a third week of solid trading closing up at €204.95 with a gain +0.10% and BP PLC moved 39.20M shares closing at €451.70, for a net loss of -0.02%.

Hang Seng Index

The Hong Kong Markets, always a roller coaster, slumped this week after riding high last week. The Hang Seng  lost ground throughout the week and closed down at 23,678.41 with a net of loss of -89.7244/-0.38%

Index Movers on the Hang Seng Index include Sands China Ltd (Hong Kong) (+1.15/+2.78%), Galaxy Entertainment (+1.65/+3.056%),  MTR Corp Ltd (+0.45/+1.43%), CLP Holdings Ltd (+0.70/+1.11%).

Active trading on the Heng Seng Hong Kong Index includes China Petroleum & Chemical Group in medium trading 119.83M shares closed down at HK$5.63 with a net loss of -0.18% and Bank of China Ltd in heavy trading moved 236.82M shares closing at HDK$3.58 with a loss of -0.28%.

Losers for the week include China Mengniu Dairy down (-0.60/-1.77%), Belle International Hong Kong down (-0.29/-3.20%) and Want Want China H Co Ltd (-0.20/-1.96%).

Source: Bing Finance

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