Money News: DOW Closes Down; World Markets Follow; Asian Markets Split

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The Dow Jones Industrial fell in dramatic fashion over the past week after soaring to new heights and record closes and triggered similar tumbles in the three other major U.S. Markets furthering a wider spread fall with all European markets closing down and Asian Markets split.


The recent drop in gas prices at the pump, a direct savings for the consumer, may translate to a higher holiday spend for retailer. The final ten day count down to the Christmas holiday may prove to provide more substantial savings as an alignment of economic indicators move to benefit the consumer.

The DOW opened at 17,590.05 and held a daily range of 17,280.83-to-17,590.05.

The DOW continued its downward spiral suffering through triple digits losses closed down at 17,280.83 (-315.51/-1.79%).

The Gainers for the week include Wal-Mart Stores Inc (+0.01/+0.01%) with a closing price of $83.84 per share.

Losers for the week E I du Pont de Nemours & Company closing at $69.36 per share down at (-2.27/-3.17%), International Business Machines Corp closing down at $155.66 with a loss of (-5.41/-3.36%), Exxon Mobil Corporation also closed down at $86.78 for a loss of (-2.46/-2.76%).

Active for the week included Microsoft, in medium trading, moved 22.14M shares closing down at $46.95 per share for a slight loss of (-0.49%), Pfizer Inc, also in medium trading moved 20.37M shares, closed down at $30.95 per share with a loss of (-2.21%).

The NASDAQ took a hit along with the three other U.S. Markets and closed down at 4,653.60 with a loss of (-54.67/-1.16%).

The S&P 500 also experienced losses closing slightly down at 2,002.33 for a loss of (-33.00/-1.62%).

Russell 2000 mini experienced mild losses closing slightly down at 1,152.45 for a loss of (-14.51/-1.24%).

World Markets

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

Nikkei 225

The Japanese Nikkei 225, continued to rally and remained strong pushing the weak Japanese yen toward a solid road to recovery, with a steady triple digit gain closing up at 17,371.58 at (+114.18/+0.6%). 

Gainers for the week include Mitsumi Electric Co Ltd (+62.00/+6.04%), Minebea Co Ltd (+81.00/+5.13%), Canon Inc   (+179.00/+4.70%), Nippon Soda Co Ltd (+31.00/+4.66%).

Losers include Showa Denko KK (-15.00/-8.38%), Kyowa Hakko Kirin Co Ltd (-35.00/-2.89%), Hino Motors (-45.50/-2.87%) and Pioneer Corporation (-6.00/-2.49%).

Movers on the Nikkei include Mizuho Financial Group Inc, in a third straight week of strong trading, moved 167.25M shares closed up at ¥206.50 for a gain of (+1.42%), Unitika Ltd in strong trading moved 74.85M shares and closed down at ¥62.00 per share for a loss of (-1.59) and Mitsubishi UFJ Financial Group Inc in strong trading moved 73.01M shares to close up at ¥682.20 per share for a gain of (+1.82%).

FTSE 100

London Markets, in strong trading, rallied with the European Markets and surged with a solid double digit gain closing up at 6742.84 with a deficit of (+63.47/+0.95%).

Big winners in the FTSE 100 include United Utilities Group PLC (+38.50/+4.42%), Severn Trent PLC (+41.00/+2.14%), Sainsbury (J) PLC (+1.60/+0.71%), Weir Group PLC (+11.00/+0.65%).

Losers include Petrofac Ltd (-40.00/-5.52%), Coca-Cola HBC AG (-57.00/-4.29%), Aviva PLC (-19.70/-4.04%) and BP PLC (-13.10/-3.28%).

Active on the FTSE 100 included Lloyds Banking Group moving 76.50M shares in strong trading and still ending the impressive nine week run of strong consecutive closing down at €76.12 for a loss of (-2.66%), Vodafone Group PLC moved 76.49M shares, also ending an impressive wave of nine weeks of solid trading closed down at €215.35 with a loss of (-3.41%), Barclays, in light trading moved 24.47M shares to close down at €232.05 a loss of (-2.19%).

Hang Seng Index

The Hang Sang Index, always a roller coaster, saw roared back with record trading keeping in step with the Asian Markets as the Japanese Nikkei 225 and the Shanghai Composite markets performed solidly. The Hang Seng, in intense trading, closed up at 24,002.64 with triple digit gains of (+170.08/+0.71%).

Gainers on the Hang Seng Index include Kunlun Energy Co Ltd (Hong Kong) (+0.22/+3.17%), Sino Land Co Ltd (Hong Kong) (+0.30/+2.46%), Sands China Ltd (Hong Kong) (+0.95/+2.37%), Galaxy Entertainment Group Ltd (+1.10/+2.34%).

Active trading on the Heng Seng Hong Kong Index includes Bank of China Ltd moving, in intense trading for the fourth consecutive week, 308.78M shares closing up HK$4.11 (+0.24%) and Industrial and Commercial Bank of China Corp also in heavy trading moved 220.47M shares closing down at HDK$5.9 with a loss of (-0.75%),China Construction Bank Corp also in heavy trading moved 328.13M shares to close down at HDK$6.02 (+0.24).

Losers for the week include Cathay Pacific Airways Ltd (Hong Kong) (-0.26/-1.48%) Belle Internationl Holdings Ltd (Hong Kong) (-0.28/-3.29%),  Tingyi (Cayman Islands) Holding Corp (-0.48/-2.75%), Want Want China Holdings Ltd (-0.14/-1.38%).

Source: Bing Finance


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