Money News: World Markets Plummet; React to U.S. Ebola Death; Global Pandemic

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The four U.S. Markets, Dow Jones Industrial Average, NASDAQ, S&P 500 and Russell 2000, suffered a week-long meltdown, hitting a single day loss following the death of U.S. Ebola Case 1 announcements which caused investor panic and sent global markets spiraling out of control.

 

The DOW experienced the largest one day loss on Thursday falling 355 points following the Wednesday death of U.S. Ebola patient Thomas Eric Duncan.

The DOW opened the first full week of October at a solid 17,009.69 after a net gain of +208.69/+1.24%. Experiencing small gains on Monday, the markets never rallied, plummeting throughout the remainder of the week, closing down at 16,544.10 for a net loss of -115.15/-0.69%.

Skittish investors reacted to the news of U.S. Ebola death and a calm panic, replacing an expected mass hysteria which will be an undercurrent for some time, caused a freefall not seen on Wall Street since June 2013.

The few winners for the week include Coca-Cola Co (+0.60/+1.37%) trading with a closing price of $44.47 per share, Procter & Gamble (+1.03/+1.23%) closing up at $84.69 per share, Walt Disney Company  at $86.27 per share up (+0.56/+0.65%) and Wal-Mart Stores Inc  at $78.29 per share up (+0.43/+0.55%).

Active on the DOW include Intel Corp moved 80.92M shares in heavy trading for a net loss of -5.09% closing at $31.91 per share, Microsoft Corp in medium trading moved 51.98M shares closing down at $44.03 with a loss of +3.97%, Cisco Systems Inc also in medium trading moved 48.31M shares for a net loss of -3.51% closing at $23.34 per share, General Electric moved 47.84M shares in medium trading for a net loss of -2.06%.

The NASDAQ ran alongside the DOW and experienced triple digit losses which effectively suppressed the predictions by analysts of a record high of 5,000 in the next two months. NASDAQ closed up at 4276.24with a net loss of -102.10/-2.33%.

The S&P 500 also experienced smaller double digit losses closing slightly down at 1906.13, with a loss of -22.08/-1.15%.

Russell 2000 also closed down, experiencing smaller double digit losses, at 1,053.32 with a loss of -14.67/-1.37%.

World Markets

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, CAC 40 of France, Germany's DAX, the SENEX of India the Hang Seng Index and the Shanghai Composite, thankfully, closed the week ending the shocking deep losses.

Global markets fighting the Ebola ripple effect experienced a blood bath with Asia markets, barely recovering from a recent hemorrhage, spiraling out of control. Huge losses were suffered from Mexico's IPC with -646.44 point drop to Indian SENSEX falling -339.90 points.  

The exceptionally brutal week left a blood trail through every major financial market, as markets from Asia to London to the United States felt the shock of single day losses knocking the wind out of the consistent gains recently experienced across the ten major global markets.

Nikkei 225

The Japanese Nikkei 225, followed suit with the global markets suffering through another disastrous week, falling steadily throughout the week, with no bottom in sight the Nikkei 225 closed down enduring triple digit losses closing at 15,300.55 with a loss of (-178.38/-1.15%). 

Gainers for the week include Keisei Electric Railway (+36.00/+3.21%), Fast Retailing Co Ltd  (+635.00/+1.70%) and Sekisui House Ltd (+16.50/+1.32%) and Nippon Suisan Kaisha (+4.00/+1.28%),

Losers include Inpex Corp (-69.00/-4.89%), NGK Insulators Ltd (-105.00/-4.16%), Isuzu Motor Corp Ltd (-56.50/-4.02%), Unitika Ltd (-2.00/-3.92%).

Movers on the Nikkei include Unitika Ltd in strong trading moved 88.65M shares and closed down at (-3.92%) at ¥49.00 per share, Mitsubishi UFJ Financial in medium trading moved 62.87M shares to close down at ¥589.40 per share for a net loss of (+2.03%) and Kobe Steel in medium trading at 50.36M shares to close down at ¥162.00 per share for a net loss of (-2.41%).

FTSE 100

London Markets along with the rest of the ten most watched markets closed down suffering deep losses.

In moderate trading the FTSE 100, mirrored the U.S. DOW and experienced small gains on Monday which proved to be the calm before the storm as the bottom fell out and the FTSE plummeted closing down 6339.97 with a net loss of -91.88/-1.43%.

Big winners in the FTSE 100 include easyJet PLC (+7.00/+0.52%), AstraZeneca PLC (+90.00/+2.14%), Persimmon PLC (+15.00/+1.18%) and Aberdeen Asset Managers PLC (+2.70/+0.69%).

Losers include Hargreaves Lansdow (-38.50/-4.17%), Weir Group PLC (-94.00/-4.09%), TUI Travel PLC (-13.10/-3.67%) and Tullow Oil PLC (-45.00/-7.88%).

Active on the FTSE 100 includes Lloyds Banking Group moved 144.75M shares in a third straight week of heavy trading to close down at €74.68 a loss of -0.78%, Vodafone Group PLC moved 86.59M shares, in a third week of solid trading closing down at €193.90 with a loss -1.75% and Glencore PLC moved 62.68M shares closing at €312.25, for a net loss of -2.95%.

Hang Seng Index

The Hong Kong Markets, always a roller coaster, suffered the second largest loss in the ten most watch markets over this past week, with a weeklong freefall, the markets closed down at 23,088.54 with a net loss of -445.99/-1.90%.

Index Movers on the Hang Seng Index include China Merchants Hong Kong (Hong Kong) (+0.10/+0.42%), China Shenhua Energy (+0.05/+0.23%), China Mobile Ltd (+3.10/+3.45%), AIA Group Ltd (+1.05/+2.62%).

Active trading on the Heng Seng Hong Kong Index includes China Construction moved, in medium trading, 152.76M shares closing down at HK$5.49 with a net loss of +1.61% and Bank of China Ltd in heavy trading moved 215.46M shares closing at HDK$3.47with a gain of (-1.70%).

Losers for the week include Lenovo Group Ltd down (-0.60/-5.05%), CNOOC Ltd Hong Kong down (-0.54/-4.01%) and Kunlun Energy Co Ltd (-.40/-3.62%).

Source: Bing Finance

 

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