Money News: Dow Caught in Bear Trap; World Markets Split 80/20

AddThis Social Bookmark Button

The DOW Jones Industrial Average fell to the bear over the past week with limited collateral damage across global markets as the world markets bounced back from the devastating free-fall of the past week. 

The DOW opened the trading week down and by closing bell Monday the week looked bleak.  Tuesday saw a stronger showing late Monday rally looked promising. With minimal declines the market continued to rally throughout the remainder of the week. A slow decline at Friday’s close stopped the market from escaping the growling bear that remains at the Dow’s door.

The DOW ended the trading week down at 17,689.86 (-56.12/-0.32%). Opening at 17,775.87, the DOW held a day range of 17,671.59-to-17,783.59.

Gainers include Coca-Cola Co (+0.50/+1.23%) with a closing price of $41.06 per share, Pfizer Inc (+0.33/+0.92%) with a closing price of $36.07 per share, McDonald’s Corp, also closed up at $100.00 for a gain of (+0.83/+0.84%) and Boeing Co closing up at $143.96 per share for a gain of (+0.95/+0.66%)

Losers for the week include Chevron Corp closing down at $88.22 per share for a loss of (-4.81/-5.17%), Exxon Mobil Corporation closing down at $79.19 with a loss of (-3.82/-4.60%), Visa Inc (-0.98/-1.28%) with a closing price of $75.41 and Goldman Sachs Group Inc (-2.07/-1.00%) with a closing price of $205.13.

Active for the week included Apple Inc in moderate trading moved 35.24M shares closing down at $121.40 per share with a loss of (-0.79%), Pfizer Inc in light trading moved 22.35M shares, closing up at $36.07 per share for a gain of (+0.92%), Exxon Mobil Corporation also in light trading moved 21.72M shares closing down at $79.19 per share with a loss of (4.60%), Intel Corp in light trading moved 21.36M shares closing down at $28.97 per share with a gain of (+0.21%).

The NASDAQ closed down at 5,128.28 for a loss of (-0.50/-0.01%).

The S&P 500 also closed up at 2,103.84 for a loss of (-4.79/-0.23%).

World Markets

The ten most watched world markets closed the trading week split 80/20. The North American Markets including the DOW Jones Industrial, NASDAQ and the S&P500 as well as the Shanghai Composite closed down. Mexico’s IPC, Canada's S&P TSX Composite, Central Europe’s London's FTSE 100 and Germany's DAX, the Asian Markets including the Hong Kong Hang Seng, SENEX of India, and Japan’s highly traded Nikkei 225, CAC 40 of France all closed up.

Nikkei 225

The Japanese Nikkei 225, began the trading week with a small brief spike that was met with a sharp decline, plummeting to the week’s low by the closing bell Monday. This set up the gradual rally with few declines, sharp increases and the week’s high by the closing bell Thursday. Managing to maintain the gains, the Nikkei held steady and closed the week up with moderate double digit gains.

The Nikkei closed the trading week up at 20,585.24 with double digit gain of (+62.41/+0.30%). 

Gainers for the week include NEC Corp (+31.00/+8.54%), FUJIFilm Holding Corp (+385.00/+7.85%), Kansai Electric Power Co Inc (+118.00/+7.58%), Nippon Express Co Ltd (+46.00/+7.52%).

Losers include Nichirei Corp (-84.00/-9.44), Sumitomo Heavy Industries Ltd (-45.00/-6.73%), Mitsubishi Motors Corp (-64.00/-5.77%) and JFE Holdings Inc (-101.00/-4.18%).

Active on the Nikkei include Tokyo Electric Power Co Inc in strong trading, moved 141.38M shares to close up at ¥881.00 for a gain of (+5.13%), Mizuho Financial Group Inc, in 32 straight weeks of strong trading, moving 116.05M shares to close down at ¥266.80 for a loss of (-0.45%), NEC Corp, in mild trading moved 56.71M shares to close up at ¥394.00 for a gain of (+8.54%), Unitika Ltd in medium trading, moved 44.10M shares to close down at ¥59.00 for a gain of (+1.72%).

FTSE 100

London Markets opened the week with a small rally, followed by an immediate decline hitting the week’s low by closing bell Monday. Tuesday opening began a slow rally with small declines as the FTSE continued to rise, in steady trading throughout the remainder of the week.

The London Markets closed up at 6,696.28 with double digits losses of (+27.41/+0.41%).

Gainers in the FTSE 100 include Rolls-Royce Holdings PLC (+41.00/+5.47%), Carnival PLC (+177.00/+5.24%), ITV PLC (+9.00/+3.31%) and Burberry Group PLC (+47.00/+3.01%).

Losers include Lloyds Banking Group PLC (-2.72/-3.16%), InterContinental Hotels Group PLC (-51.00/-1.86%), Glencore PLC (-2.85/-1.35%), and BP PLC (-5.40/-1.35%).

Active on the FTSE 100 included Lloyds Banking Group PLC moving 222.59M shares in strong trading, closed down at €83.30 for a loss of (-3.16%), Glencore PLC, in mild trading moved 29.87M shares to close down at €208.15 per share for a loss of (-1.35%), Barclays PLC, in light trading moved 27.53M shares to close up at €288.60 per share for a gain of (+0.54%), Vodafone Group PLC in strong trading moved 27.29M shares to close up at €288.60 for a gain of (+0.54%).

Hang Seng Index 

The Hang Seng Index began the trading week up and by closing bell Monday had fell into a rapid decline and reached its week low. Opening bell Tuesday saw a sharp rally followed by mild rallies and small declines with a small burst on Thursday. The gains made throughout the week held throughout Friday’s and the Hang Seng ended the trading week up with triple digit gains.

The Hang Seng closed down at 24,636.28 with triple digit gains of (+138.30/+0.56%).

Gainers on the Hang Seng Index include Galaxy Entertainment Group Ltd (+2.05/+6.07%), Sands China Ltd (+1.40/+4.26), Power Assets Holdings Ltd (+2.25/+3.18%), New World Development Co Ltd (+0.17/+1.85%).

Active trading on the Hang Seng Hong Kong Index includes Industrial and Commercial Bank of China Ltd, in strong trading, moved 201.97M shares to close down at HK$5.33 (-0.56%), Bank of China Ltd, in heavy trading, moved 170.71M shares to close up at HK$4.23 (+0.24%), China Construction Bank Corp, in heavy trading moved 124.01M shares to break even at HK$6.29 (0.00%), and PetroChina Co Ltd in medium trading moved 54.58M shares to close down HK$7.64 (-1.93%).

Losers for the week include Lenovo Group Ltd (-0.23/-2.66%), Li & Fung Ltd (International) (Hong Kong) (-0.15/-2.44%), Cathay Pacific Airways Ltd (Hong Kong) (-0.40/-2.14%), China Mengniu Dairy Co Ltd (-0.75/-2.10%).

Source: Bing Finance

Haute Tease

  • Beltway Insider: Obama Fails Handling Belgium Attack; Brussels; ISIS, Taliban Strike Three Cities; Election 2016

    AddThis Social Bookmark Button

    Two separate terror organizations, Islamic State and the Taliban, initiated an active, multi-national, campaign this week, sending out three teams of suicide bombers, killing at least 141 and injuring more than 500 in the attacks in Belgium, Iraq and Pakistan.

  • Making Montgomery Clift Review - A Reveling Documentary Filled with Hollywood Secrets, Lies and Truth

    AddThis Social Bookmark Button

    Making Montgomery Clift, from The Film Collaborative, brings to the screen the story of Montgomery Clift the 1950's Hollywood matinee idol, one of the new leading men who showed strength and weakness, with a hidden tragic secret.

  • Prestigious Louis Vuitton City Guide: Los Angeles Features Gladys Tamez Millinery

    AddThis Social Bookmark Button

    Hatmaker Gladys Tamez Millinery is proud to announce that Louis Vuitton City Guide will be featuring Gladys Tamez’ atelier in their authoritative 2019 luxury Los Angeles travel guide adding the exclusive millinery to an elite collection of retailers. 

  • Business News: The 25 Biggest Product Recalls of 2015

    AddThis Social Bookmark Button

    Most of the time, people return products because they’re unhappy with their experience. Maybe the memory foam mattress got too hot, the bicycle seat wasn’t comfortable or the TV proved too big for the living room. And perhaps that pricey hot tub simply wasn’t worth the three paychecks, after all.  

  • Hell or High Water Review – Powerful, Gripping, Smart, Four Stars

    AddThis Social Bookmark Button

    Hell or High Water, from Lionsgate, CBS Films, Film 44 and Sidney Kimmel Entertainment, presents a smart, well written, clever contemporary cops and robbers drama that moves intensely across the West Texas plains in a race against the time.

  • Money News: North American, European Markets Close Down; Asian Split

    AddThis Social Bookmark Button

    The DOW Jones Industrial Average, fell prey to the predicted Bear market taking a hit for the second straight week, closing the trading week down with triple digit losses setting a world tone with eight of the ten most watched market in the world closing down.

  • Ritz-Carlton Ft. Lauderdale Review - Oceanfront Elegance

    AddThis Social Bookmark Button

    As the first and only AAA Five Diamond Hotel in Fort Lauderdale, Florida, I had decidedly high expectations for my vacation experience at the Ritz-Carlton Ft. Lauderdale. From the moment I arrived and was graciously greeted by the valet personnel who eagerly escorted me to the registration area to be checked in by equally affable front desk attendants.

  • The Broken Circle Breakdown Review – A Heartbreakingly Honest Emotional Love Journey

    AddThis Social Bookmark Button

    “The Broken Circle Breakdown,” from Menuet Productions and Topkapi Films and distributed by Tribeca Films, brings to the screen a heartbreakingly honest, deeply touching emotional love journey through life, loss and unquenchable sorrow.

  • Money News: Top Global Markets Close Down; Shanghai Rallies

    AddThis Social Bookmark Button

    The DOW Jones Industrial Average, fell to the bear and closed the trading week down with stinging triple digit losses as the Wall Street mauling carried over into the top ten global markets with records highs and strong performances erased across the European and Asian Markets.

  • Buddha Wild: Monk In A Hut Review – Beautiful, Reverent, an Award Winning Documentary

    AddThis Social Bookmark Button

    "Buddha Wild: Monk In A Hut" is the first documentary effort for cinematic narrative director, Anna Wilding, and is a discovery into the life and lifestyles of the contemporary Buddhist Monk in Thailand.

  • Elvis & Nixon Review – An Enjoyable Cultural Flashback

    AddThis Social Bookmark Button

    Elvis & Nixon, from Bleecker Street Productions and Amazon Studios, brings to the screen the fictionalized account of the December 21, 1970 meeting between the two most powerful men in the known world, President Richard Nixon and Elvis Presley.

  • The Only Living Boy In New York Review – Unexpected, Surprising, A Solid Bet

    AddThis Social Bookmark Button

    The Only Living Boy In New York, from Amazon Studios and Roadside Attractions, presents a story of life, love, hope and New York, with a quintet of characters molded from everything New York was, is and lost along the way.

  • Duel Fratricide à Paris

    AddThis Social Bookmark Button

    Le duel annoncé entre Cédric Villani et Benjamin Griveaux tous deux candidats à la mairie de Paris et issus de LREM pose un dilemme au Président Macron. Sauf si l'exécutif laisse se déchirer à dessein les deux prétendants.  

  • Celebrity Interview: SKIN Co-Star Danielle Macdonald Talks on Jamie Bell, Making SKIN Real and What’s Next

    AddThis Social Bookmark Button

    Danielle Macdonald, co-star of the upcoming neo-Nazi film, SKIN, from Oscar winning director Guy Nattiv, sat down with select media recently and spoke expressively on reprising her role as wife/mother in the white supremacist cult.

  • Beltway Insider: Syria Erupts; August Peace Deadline; ISIS Kills Soldier; Refugee Camp Hit; Election 2016; Economy

    AddThis Social Bookmark Button

    As the August deadline nears for the transition of power ending the Assad regime, the Syrian Peace Treaty dictating the timeframe is barely intact with fighting erupting around rebel held Aleppo and near the civilian refugee camps located in Idlib.