Money News: DOW Steady in Abbreviated Trading Week, European Asian Markets Split

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The US Markets continued to show strong signs of steady growth even with an abbreviated trading week, consumer confidence and investor confidence remained strong as retailers introduced the 2014 traditional shopping season with consumer friendly incentives.

 

Black Friday the annual introduction to the traditional holiday season began a day early in some cases with major retailers including Macy's Herald Square in New York City, opening Thanksgiving Day and remaining open round the clock for the weekend through Cyber Monday.  

Anything to keep shoppers in the stores from astronomical savings, hourly savings, mark downs, 24 hour in-store coffee shops, even in some cases shoppers who happen to doze off, tired from preparation, turkey and holiday weariness,  were simply left to sleep.

The DOW opened at 17,830.55 and held a daily range of 17,807.78-to-17,893.42 as the markets continued to rebound regaining strength even as the DOW had an abbreviated trading week with Thanksgiving Day off and an early close Black Friday, watching the launch of the traditional shopping season with investor and consumer confidence staying strong.  

The DOW continued its daily rally and closed up, albeit slightly, nearing a new record at 17,828.24 with a gain of (+00.49/+0.00%).

The Gainers for the week include Endurance International Group Holdings Inc (+2.45/+16.70%) with a closing price of $17.12 per share, Ross Stores Inc closed up at $89.30 per share for a gain of (+6.09/+7.32%), Exact Sciences Corp closed at $23.98 per share for a gain of (+1.49/+6.63%) and Paylocity Holding Corp closing at +30.03 per share up at (+1.76/+6.23%).

Losers for the week included Microsoft, in medium trading, moved 42.88M shares closing down at $47.98 per share for a slight loss of (-1.48%) Intel Corp, also in medium trading moved 56.72M shares, closed at $35.59 per share with a loss of (-1.00%).

Tech stocks were active on the DOW throughout the past week   Apple Inc closing up at $116.47 with a gain of +0.14%, Cisco Systems Inc moving 31.91M shares  closed up at26.88 per share for a gain of (0.26%).

The NASDAQ recovered from the slightly fall, rallied and closed up at 4,791.63 with a gain of (+4.31/+0.09%).

The S&P 500 experienced small gains closing slightly up at 2,067.56 for a loss of (-5.27/-0.25%).

Russell 2000 mini experienced mild losses closing slightly down at 1,173.15 for a loss of (-17.47/-1.47%).

World Markets

The ten most watched world markets the Dow Jones Industrial Average of the U.S., CAC 40 of France, Germany's DAX, the SENEX of India, Japan's Nekkei 225 and the Shanghai Composite closed up with Canada's S&P TSX Composite, London's FTSE 100, Mexico's IPC, the Hong Kong Hang Seng Index closing down.

Nikkei 225

The Japanese Nikkei 225, again rallied pushing the weak Japanese yen toward a solid road to recovery, with a triple digit gain closing at 17,459.85 with gain of (+211.35/+1.23%). 

Gainers for the week include Ana Holdings Inc (+20.10/+7.39%), Kawasaki Kisen Kaisha Ltd   (+21.00/+7.22%), Olympus Corp (+175.00/+4.23%) and Daikin Industries Ltd (+316.00/+4.19%).

Losers include Inpex Corp (-100.50/-7.44%), Chiyoda Corp (-59.00/-5.33%), Ebara Corp (-26.00/-4.90%) and JX Holdings Inc (-11.30/-2.50%).

Movers on the Nikkei include Mizuho Financial Group Inc, in a second straight week of strong trading, moved 92.28M shares closed up at ¥204.10 for a slight gain (1.19%), Unitika Ltd in strong trading moved 65.20M shares and closed down at ¥61.00 per share for a loss of (-1.61) and Mitsubishi UFJ Financial Group Inc in medium trading moved 50.53M shares to close up at ¥683.70 per share for a gain of (+2.00%).

FTSE 100

London Markets, in strong trading, struggled against the European Markets and fell slightly with a slim double digit loss closing down at 6722.62 with a deficit of (-0.80/-0.01%).

Big winners in the FTSE 100 include Carnival PLC (+118.00/+4.38%), Kingfisher PLC (+11.10/+3.68%), St. James Place PLC (+22.50/+2.92%) TUI Travel PLC (+11.85/+2.73%).

Losers include BG Group PLC (-87.04/-8.82%), Tullow Oil PLC (-39.40/-8.47%), Weir Group PLC (-74.00/-3.78%) and BHP Billiton PLC (-49.50/-3.16%).

Active on the FTSE 100 included Lloyds Banking Group moving 75.66M shares continuing its run with eight straight weeks of solid trading and regaining its strength closing up at €80.45 for a gain of (+0.62%), Vodafone Group PLC moved 73.47M shares, also riding a wave with eight weeks of solid trading closed up at €233.29 with a gain of (+2.61%).

Hang Seng Index

The Hang Sang Index, always a roller coaster, saw slight downward movement as the Japanese Nikkei 225 and the Shanghai Composite markets performed solidly. The Hang Seng, in intense trading, closed down at 23,987.45 with a slender loss of (-16.83/-0.07%).

Gainers on the Hang Seng Index include Bank Of Communications Ltd (Hong Kong) (+0.40/+6.62%), Cathay Pacific Airways Ltd (Hong Kong) (+0.86/+5.29%), Bank of China Ltd (+0.13/+3.37%), China Resources Land Ltd (+0.62/+3.24%).

Active trading on the Heng Seng Hong Kong Index includes Bank of China Ltd moving, in intense trading for the third consecutive week, 735.41M shares closing up HK$3.99 closing at (+3.37%) and Industrial and Commercial Bank of China Corp also in heavy trading moved 461.88M shares closing up at HDK$5.26 with a gain of (+1.54%).

Losers for the week include CNOOC Ltd (Hong Kong) (-0.64/-5.33%) PetroChina Co Ltd (Hong Kong) (-0.27/-3.10%),  Kunlun Energy Co Ltd (-0.26/-3.00%), China Resources Enterprises Ltd  (-0.38/-2.29%).

Source: Bing Finance

 

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