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Money News: DOW Remains Strong; European Markets Solid; Asian Markets Split

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The Dow Jones Industrial Average and S&P 500 rallied over the past week as investors, welcoming the news of the public decisive vote on Tuesday's election, returned to the business of investing and moved ahead with a consumer confidence. The NASDAQ closed slightly lower.

 

The DOW opened at 17,558.58 as the markets regained footing investors looked up and stayed up weathering the turbulence from the Democratic trouncing and a jobs report that didn't create the buoyancy investors hoped for this first week of November.  The rally, however, was enough to propel the DOW back into the mid 17,000's closing up at 17,573.93 a gain of (+19.46/+0.11%).

The winners for the week include Wal-Mart Stores Inc (+1.23/+0.96%) trading with a closing price of $78.77 per share, Chevron Corp (+0.27/+0.23%) closing up at $118.80 per share and E I du Pont de Nemours & Company at $70.41 per share up (+0.29/+0.41%).

Technology stocks were active on the DOW throughout the past week with Intel Corp in heavy trading moved 27.60M shares closing down at $33.58 with a loss of -0.71%, General Electric in medium trading moved 26.39M shares for a gain of +0.05% closing at $26.41 per share, Microsoft Corp moved 28.00M shares in medium trading for a loss of -0.04% closing at $48.68 per share, Cisco Systems Inc moved 34.01M shares in medium trading to close at $25.33 up +0.28%

The NASDAQ fell slightly and closed down at 4632.53 with a loss of (-5.94/-0.13%).

The S&P 500 experienced small gains closing slightly up at 2031.25 for a gain of (+18.75/+0.03%).

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 Hong Kong Hang Seng Index, Japan's Nekkei 225 and the Shanghai Composite closed up with a 70/30 majority split.

Nikkei 225

The Japanese Nikkei 225, after the last two weeks of double digit gains pushing the weak Japanese yen toward a solid road to recovery, continued it rallying with double digit loss closing at 16,778.03 with loss of (+102.35/-0.61%). 

Gainers for the week include Sumco Corp (+84.00/+5.47%), Inpex Corp   (+58.00/+4.31%), Mitsubishi Corp (+42.50/+1.90%) and Sumitomo Realty & Development Co Ltd (+24.50/+1.64%),

Losers include Fast Retailing Co Ltd (-845.00/-2.00%), Nippon Telegraph & Telephone Corp (-349.00/-5.12%), Olympus Corp (-135.00/-3.17%) and Secom Co Ltd (-116.00/-1.71%).

Movers on the Nikkei include Mizuho Financial Group moved 23.91M shares in light trading and closed down at ¥202.10 for a loss of(+0.44%), Unitika Ltd in strong trading moved 57.58M shares and broke even closing at ¥49.00 per share and Nippon Steel & Sumitomo Metal Corp in light trading at 8.30M shares to close up at ¥299.50 per share for a net gain of (+5.10%).

FTSE 100

London Markets, in moderate trading, mirrored the U.S. DOW and managed to gain slightly also closing up at 6567.24 with a gain of (+16.09/+0.25%).

Big winners in the FTSE 100 include Intertek Group PLC (+70.00/+2.61%), Royal Bank of Scotland Rio Tinto PLC(+71.50/+2.41%), Royal Dutch Shell (+55.00/+2.42%) and BPH Billiton PLC  (+48.00/+2.95%).

Losers include Whitebread PLC (-45.00/-1.03%), Reckitt Benckiser Group PLC (-70.00/-1.34%), Carnival PLC (33.00/-1.30%) and easyJet PLC (-18.00/-1.16%).

Active on the FTSE 100 includes Lloyds Banking Group move 129.03M shares continuing its run with a sixth straight week of solid trading although closing slightly down at €76.27 for a loss of +0.37%, Vodafone Group PLC moved 87.34M shares, also riding a sixth week of solid trading closed slightly down at €206.95 with a loss of +0.24% and Barclays PLC moved 29.44M shares closing at €234.15 for a loss of +0.94%.

Hang Seng Index

The Hang Sang Index, always a roller coaster, mirrored the Shanghai Composite as the three major Asian markets performed solidly and closed down at 23,960.26 also with triple digit gains of (+410.02/+1.74%).

Gainers on the Hang Seng Index include Tencent Holdings Ltd (Hong Kong) (+2.60/+2.11%), Swire Pacific Ltd (Hong Kong) (+2.30/+2.26%), Sun Hung Kai Properties Ltd (+1.90/+1.67%), Sands China Ltd (+2.00/+4.52%).

Active trading on the Heng Seng Hong Kong Index includes Bank of China Ltd moving, in heavy trading, 73.99M shares closing up HK$3.73 and China Construction Bank Corp in heavy trading moved 33.64M shares closing up at HDK$5.74 with a gain of (+1.59%).

Losers for the week include Ping An Insurance Group Co of China Ltd down (-1.50/-2.44%), China Resources Land  Ltd (-1.16/-6.44%) and China Resources Enterprise Ltd (-0.54/-3.02%).

Source: Bloomberg Finance

 

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