Money News: Dow Caught in Bear Trap; European Markets Down; Asian Up

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The DOW Jones Industrial Average, along European markets, fell to the bear over the past week even after July job numbers showed the economy still growing, albeit, slowly and unemployment remaining steady.

The DOW opened the trading week up and continued with gentle gains and small declines through midweek. Thursday's opening saw gradual declines with no matching rallies, the continual declines closed out the week. 

The DOW ended the trading week down at 17,373.38 (-46.37/-0.27%). Opening at 17,415.94, the DOW held a day range of 17,279.08-to-17,414.94.

Gainers include American Express Co (+4.71/+6.28%) with a closing price of $79.74 per share, Visa Inc (+0.65/+0.88%) with a closing price of $74.23 per share, Walt Disney Co, also closed up at $109.33 for a gain of (+0.78/+0.72%) and Apple Inc closing up at $115.54 per share for a gain of (+0.41/+0.36%)

Losers for the week include Wal-Mart Store Inc closing down at $71.24 per share for a loss of (-1.54/-2.12%), E I du Pont de Nemours & Company closing down at $53.44 with a loss of (-1.05/-1.93%), Chevron Inc (-1.44/-1.69%) with a closing price of $83.75 and Exxon Mobil Corporation (-1.26/-1.61%) with a closing price of $76.85.

Active for the week included Apple Inc in moderate trading moved 33.72M shares closing down at $115.54 per share with a gain of (+0.36%), Intel Corp in light trading moved 20.92M shares, closing down at $28.90 per share for a loss of (-0.38%), American Express Co also in light trading moved 20.71M shares closing up at $79.74 per share with a gain of (+6.28%), General Electric Co in light trading moved 20.80M shares closing down at $25.80 per share with a loss of (-0.92%).

The NASDAQ closed down at 5,043.54 for a loss of (-12.90/-0.26%).

The S&P 500 also closed up at 2,077.57 for a loss of (-5.99/-0.29%).

World Markets

The ten most watched world markets closed the trading week split 70/30. The North American Markets including the DOW Jones Industrial, NASDAQ, S&P500, Mexico's IPC, Canada's S&P TSX Composite, Central Europe's London's FTSE 100, Germany's DAX, CAC 40 of France and SENEX of India all closed down. Asian Markets including the Hong Kong Hang Seng, the Shanghai Composite and Japan's highly traded Nikkei 225, all closed up.

Nikkei 225

The Japanese Nikkei 225 began the trading week with small rallies and limited declines, by end of business Tuesday, the Nikkei saw a strong rally followed by another strong rally which held until Friday when a gradual decline followed by a rally closed the week. 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 20,724.56 with double digit gain of (+60.12/+0.29%). 

Gainers for the week include Nikon Corp (+75.00/+4.96%), Taiheiyo Cement Corp (+18.00/+4.50%), SoftBank Group Corp (+300.00/+4.20%), Daikin Industries Ltd (+346.00/+4.09%).

Losers include Mitsumi Electric Co Ltd (-71.00/-8.71), Konica Minolta Inc (-136.00/-8.65%), Ricoh Ltd (-58.50/-4.69%) and Toyobo Co Ltd (-9.00/-4.55%).

Active on the Nikkei include Tokyo Electric Power Co Inc in strong trading, moved 135.11M shares to close up at ¥878.00 for a gain of (+0.69%), Mizuho Financial Group Inc, in 33 straight weeks of strong trading, moving 117.73M shares to close up at ¥267.80 for a gain of (+1.36%), Unitika Ltd, in mild trading moved 46.45M shares to close up at ¥60.00 for a gain of (+1.69%), Mitsubishi UFJ Financial Group Inc in medium trading, moved 41.20M shares to close down at ¥890.70 for a gain of (+0.81%).

FTSE 100

London Markets opened the week, with a Monday mirroring the previous week. Tuesday's opening began a week of rallies matched by declines as the FTSE continued to rise, in steady trading throughout the remainder of the week.

The London Markets closed down at 6,718.49 with double digits losses of (-28.60/-0.42%).

Gainers in the FTSE 100 include Anglo American PLC (+24.00/+3.21%), Mondi PLC (+36.00/+2.31%), Glencore PLC (+4.20/+2.11%) and Weir Group PLC (+31.00/+2.05%).

Losers include ITV PLC (-9.10/-3.35%), Hikma Pharmaceuticals PLC (-78.00/-3.26%), Schroders PLC (-67.85/-2.11%), and AstraZaneca PLC (-86.50/-1.96%).

Active on the FTSE 100 included Lloyds Banking Group PLC moving 86.02M shares in strong trading, closed down at €82.24 for a loss of (-1.27%), Glencore PLC, in mild trading moved 43.07M shares to close up at €203.50 per share for a gain of (+2.11%), BP PLC, in light trading moved 28.40M shares to close up at €386.90 per share for a gain of (+0.97%), Vodafone Group PLC in light trading moved 22.45M shares to close down at €242.45 for a loss of (-1.30%).

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 24,552.47 with triple digit gains of (+177.19/+0.73%).

Gainers on the Hang Seng Index include China Shenhua Energy Co Ltd (+0.56/+3.90%), Galaxy Entertainment Group Ltd (+1.10/+3.08), Hong Kong Exchanges and Clearing Ltd (+5.80/+2.83%), Ping An Insurance (Group) Co. of China Ltd (+0.90/+2.08%).

Active trading on the Hang Seng Hong Kong Index includes Bank of China Ltd, in heavy trading, moved 162.77M shares to close up at HK$4.26 (+1.67%), Industrial and Commercial Bank of China Ltd, in strong trading, moved 158.89M shares to close up at HK$5.40 (+1.12%), China Construction Bank Corp, in heavy trading moved 112.08M shares to close up at HK$6.41 (+1.42%), and PetroChina Co Ltd in medium trading moved 57.26M shares to close up HK$7.33 (+0.27%).

Losers for the week include Belle International Holdings Ltd (-0.15/-1.85%), China Mengniu Dairy Co Ltd  (-0.55/-1.63%), Hang Lung Properties Ltd (Hong Kong) (-0.30/-1.40%), Want Want China Holdings Ltd (-0.10/-1.31%).

Source: Bing Finance

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