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

  • Exclusive interview: Torryn Orriss, GM of Del Frisco's Double Eagle Steak House Las Vegas, Talks Chop

    AddThis Social Bookmark Button

    Del Frisco's Double Eagle Steak House Las Vegas breaks the "if you've seen one, you've seen them all" brand mold. My exclusive interview reveals secret menu items, James Bond experience and other distinguishing features of this venerable Vegas eatery.

     
  • Austrian Wine, Wolfgang Puck, Chef José Andrés and the SLS Beverly Hills host the St. Vincent Meals on Wheels Benefit

    AddThis Social Bookmark Button

    Austrian Wine, Wolfgang Puck and Chef José Andrés recently held an evening of culinary and wine sampling at the ultra-chic SLS Hotel in Beverly Hills benefiting St. Vincent Meals on Wheels.

     
  • Shooter Kills 12 at D.C. Navy Yard

    AddThis Social Bookmark Button

    The Washington DC dawn was disrupted when a former employee, dressed in military fatigues, accessed the U.S. Navy Yard and opened fire killing 12 and injuring eight before he was gunned down by police.

     
  • Ketel One Vodka Celebrates the Legacy of "The King" with Launch of "Arnold Palmer Collector's Edition" Bottle

    AddThis Social Bookmark Button

    Rooted in Mr. Palmer's winning tradition and honoring his unparalleled legacy, the Nolet family has created a limited edition Ketel One Vodka bottle as a "thank you" to Arnold Palmer for the impact he had on the world and the game many love.  

  • Gordon Ramsay Steak Las Vegas Review - A Cut Above

    AddThis Social Bookmark Button

    Vegas restaurateurs take note: There's a new game in town that has single-handedly elevated the fine steakhouse experience to another level. This is in the form of Gordon Ramsay Steak, which opened in May 2012 aptly at Paris Las Vegas. 

     
  • UPDATE: Double Funeral Service Planned for Debbie Reynolds and Daughter Carrie Fisher

    AddThis Social Bookmark Button

    A double funeral service scheduled for Thursday, January 5, has been announced for the actress, legend and author Debbie Reynolds and her daughter, Carrie Fisher who passed away within a day of each other this past week.

     
  • Baby Driver Review – Awesome; Solid; An Instant Classic

    AddThis Social Bookmark Button

    Baby Driver, from Tri Star Pictures, presents a bad ass, awesome, heist film that captures the attention from the first scenes as our underdog remains calm as he provides the great escape for Atlanta’s most notorious inside man.

     
  • High Rise Review - Impressive Performances Hold This Graphically Violent Film Together

    AddThis Social Bookmark Button

    High Rise, from Magnolia Pictures, Film4 and BFI, presents a perfect allegory of the degradation of society when restraint and boundaries are completely or limited removed when a newly minted luxury apartment building faces a failure of services.

     
  • Beltway Insider: Immigration Breakdown; Ferguson; Ebola Vaccine; Obama Children Targeted; Stop VAW Day

    AddThis Social Bookmark Button

    President Obama reluctantly accepted the resignation of Defense Secretary Chuck Hagel, the second Senior Cabinet official to give notice, as the White House begins the transition into the final quarter of the Obama presidency.

     
  • Robert Kennedy Leads Effort as Decade-Long Gulf Oil Spill Case Settled

    AddThis Social Bookmark Button

    The Taylor Energy Company announced today that the company has agreed to a $400,000 settlement in a lawsuit over a decade-old oil leak in the Gulf of Mexico. The company was sued in 2012 by the Waterkeeper Alliance.

     
  • The Other Side of The Door - Rock Solid, A Mind Bending Thriller

    AddThis Social Bookmark Button

    The Other Side of The Door, from 20th Century Fox International Pictures, 42 and Kriti Productions, presents a plausible storyline set in Mumbai, with all its mystical beliefs, leading to a wild, heightened suspense, psychological mind bending thriller.

     
  • Business News: New York Media Summit 2015 – The State of the Ever Expanding Media Industry

    AddThis Social Bookmark Button

    Digital Hollywood hosted its annual Spring New York Media Summit with players in the space presenting keynotes, symposiums, panel discussions and projections of the future as the divergent of entertainment, gaming, cable and traditional print, online digital and the exploding video space.

     
  • Beverly Hills Celebrates FASHION NIGHT OUT

    AddThis Social Bookmark Button

     LUXE HOTEL, The Rodeo Drive Committee, Gilt City, Beverly Hills Conference and Visitors Bureau, The Beverly Hilton, Beverly Hills Courier, Southwest Airlines, Cirque de Soleil and FAB Photo Booth teamed up to create one fabulous event to compliment what has become the single most fêted night in Fashion: Fashion Night Out.

     
  • LA Lakers Great Tommy Hawkins Pens Reflections from the Soul

    AddThis Social Bookmark Button

    Tommy Hawkins, former Los Angeles Lakers legend who helped shape the dynasty of today, recently launched his first ever narrative book of poetry, Life’s Reflections: Poetry for the People.

     
  • Impromptu Friday Nights Review – Michelin Rated Brilliant; Easy to Follow Reference Guide with Recipes

    AddThis Social Bookmark Button

    Impromptu Friday Nights: A Guide to Supper Clubs, from Morgan Jones Publishing, revives the idea of weekly dining clubs and covers the details for planning, preparation, etiquette, in our technological age, and provides sumptuous, simple, gourmet recipes.