Money News: Global Markets Shook, Rattled and Rolled With All Eyes on Greece

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The DOW Jones Industrial Average managed to escape the growling bear and the global fallout from the turbulent Grecian financial meltdown to close the week with a respectable gain as did the majority of the top ten watched global markets.

The DOW opened the trading week down responding to the string message the people of Greece sent the world. The volatile market. By the closing bell Monday, the Dow fell 200 points which into steep declines and by Wednesday the DOW had experienced a nearly 400 point fall.

The Financial crisis in Greece had left the DOW and subsequent global markets volatile and subject to daily turbulence.

After a rolling week with steep declines and wild rallies,  the DOW managed to rally and closed the week with strong double digits gains.

The DOW ended the trading week up at 17,760.41 (+211.79/+1.21%). Opening at 17,561.12, the DOW held a day range of 17,561.12-to-17,797.49.

Gainers include Zogenix Inc (+1.95/+14.75%) with a closing price of $15.17 per share, SolarEdge Technologies Inc (+3.98/+14.26%) with a closing price of $31.89 per share, Coherus BioSciences Inc also closed up at $33.06 for a gain of (+3.19/+10.68%) and DBV Technologies SA closing up at $35.36 per share for a gain of (+3.04/+9.41%)

Losers for the week include VelocityShares Daily 2x closing down at $9.01 per share for a loss of (-1.70/-15.87%), Helen of Troy, Ltd closing down at $86.71 with a loss of (-10.37/-10.68%), Zillow Group, Inc (-6.59/-7.73%) with a closing price of $78.67, and Liberty Global PLC (-3.16/-5.71%) with a closing price of $52.17.

Active for the week included Apple Inc also in medium trading moved 61.35M shares closing up at $123.28 per share with a loss of (+2.67%), Intel Corp in light trading moved 31.42M shares closing up at $29.17 per share with a gain of (+0.83%), MicroSoft Corp moved 44.61M shares in light trading to close up at $44.61 per share for a gain of (+0.20%), Micron Technology Inc in light trading moved 24.28M shares, closing up at $17.57 per share for a gain of (+2.45%).

The NASDAQ closed up at 4,997.70 for a loss of (+75.30/+1.53%).

The S&P 500 also closed up at 2,076.62 for a loss of (+25.31/+1.23%).

World Markets 90/10 Split

The ten most watched world markets closed the trading week with a 90/10 split. The North American Markets including the DOW Jones Industrial, the S&P500, NASDAQ and Mexico's IPC and Canada's S&P TSX Composite, Central Europe's London's FTSE 100, CAC 40 of France and Germany's DAX, Asian Markets including the Hong Kong Hang Seng, Shanghai Composite, SENEX of India all closed up and Japan's highly traded Nikkei 225 closed down.

Nikkei 225

The Japanese Nikkei 225, began the trading week strong, with an initial rally. By mid-day Tuesday the Nikkei had begun a decline that continued through the closing bell Wednesday. A week ending rally barely brought the Nikkei out of the abyss.

The Nikkei closed the trading week down at 19,779.83 with double digit loss of (-75.67/-0.38%). 

Gainers for the week include Kyowa Hakko Kirin Co Ltd (+104.00/+6.71%), Sharp Corp (+8.00/+4.82%), Casio Computer Co Ltd (+97.00/+4.18%), Nippon Telegraph & Telephone Corp (+176.50/+4.10%).

Losers include Fast Retailing Co Ltd (-3,380.00/-5.88), Alps Electric Co Ltd (-155.00/-4.30%), Okuma Corp (-36.00/-2.75%) and Isetan Mitsukoshi Holdings Ltd (-57.00/-2.66%).

Active on the Nikkei include Mizuho Financial Group Inc, in 29 straight weeks of strong trading, moving an impressive 282.16M shares to close up at ¥258.60 for a gain of (+1.33%), Mitsubishi UFJ Financial Group Inc, in medium trading moved 87.88M shares to close up at ¥857.30 for a gain of (+2.28%), Sharp Corp, also in strong trading, moved 65.79M shares to close up at ¥174.00 for a gain of (+4.82%), and Toshiba Corp in medium trading, moved 62.21M shares to close down at ¥376.90 for a loss of (-2.43%).

FTSE 100

London Markets, the first reactionary market to the financial failure in Greece, rode out the wavering storm opening the week down and falling through mid-week.  Mid-week resurgence brought an equally strong rally to the London Markets which climbed throughout the remainder of the week.

The gains were followed with an end of week decline to close the trading week up at 6,673.38 with double digits gains of (+91.75/+1.39%).

Gainers in the FTSE 100 include Standard Life PLC (+18.20/+4.19%), Schroders PLC (+115.00/+3.83%), Aberdeen Asset Management PLC (+14.63/+3.75%) and St. James's Place PLC (+32.50/+3.54%).

Losers include ARM Holdings PLC (-28.27/-2.71%), Weir Group PLC (-14.00/-0.87%), Randgold Resources Ltd (-33.00/-0.79%), and Ashtead Group PLC (-2.00/-0.19%).

Active on the FTSE 100 included Lloyds Banking Group PLC moving 124.73M shares in strong trading, closed up at €84.57 for a gain of (+1.20%), Vodafone Group PLC in mild trading moved 37.37M shares to close down at €235.15 for a gain of (+2.22%), Glencore PLC, in mild trading moved 33.74M shares to close down at €244.79 per share for a gain of (+1.58%), and Barclays PLC, in light trading moved 33.57M shares to close down at €268.65 per share for a gain of (+2.87%),

Hang Seng Index 

The Hang Seng Index began the trading week with a slow and steady decline that continued through the closing bell Wednesday. A slow rally didn't quite gain all that was lost throughout the week and finally the Hang Seng shook the past two weeks of deep losses to close up.

The Hang Seng, finally stopped the bloodbath and closed the week up with triple digit gains.

The Hang Seng closed down at 24,901.28 with triple digit gains of (+508.49/+2.08%).

Gainers on the Hang Seng Index include CITIC Ltd (+1.20/+9.51), China Life Insurance Co Ltd (+2.00/+6.78%), Ping An Insurance (Group) Co. of China Ltd (+4.75/+5.20%), China Unicom (Hong Kong) Ltd (+0.50/+4.63%).

Active trading on the Hang Seng Hong Kong Index includes Bank of China Ltd, in heavy trading, moved 557.41M shares to close up at HK$4.48 (+3.94%), Industrial and Commercial Bank of China Ltd, in strong trading, moved 528.20M shares to close up at HK$5.70 (+3.26%), China Construction Bank Corp, also in heavy trading moved 496.51M shares to close up at HDK$6.55 (+2.83%), and China Petroleum & Chemical Corp in strong trading moved 181.96M shares to close up HK$6.23 (+01.63%).

Losers for the week include Want Want China Holdings Ltd (-0.18/-2.19%), China Resources Enterprises Ltd (Hong Kong) (-0.40/-1.69), Li & Fung Ltd (Hong Kong) (-0.05/-0.84%), Power Assets Holding Ltd (-0.45/-0.65%).

Source: Bing Finance

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