Money News: Wall Street, World Markets Fall as Bear Returns

AddThis Social Bookmark Button

The DOW Jones Industrial Average, struggled to get up under the heavy losses that refused to let up as this second Monday of fighting off the bear was met with a slow steady uncontrollable decline and finally the week was over, closed for the holiday weekend.

The Monday investors experienced a second straight week of tumultuous pitching as the bear continued to take heavy swipes slicing segments of gains from solid market growth as the Dow lost more than 400 points on Monday alone.

The DOW pitched violently on Tuesday dropping to 16,018.20, not as low as the previous week’s 15,666. 44, which was also the week’s low. As the market opened Wednesday, the DOW began to climb with a steady rally, as the week neared the end and the beginning of a long holiday weekend, the DOW declined steadily and by closing bell Friday had fallen nearly 300 points.

The DOW ended the trading week down with triple digits losses at 16,102.38 (-272.38/-1.66%). Opening at 16,371.76 the DOW held a day range of 16,026.61-to-16,371.76.

Gainers include MannKind Corp, closing up at $3.89 for a gain of (+0.20/+5.28%)  ARIAD Pharmaceuticals Inc (+0.40/+5.28%) with a closing price of $7.97 per share, Diodes Inc (+1.09/+5.00%) with a closing price of $22.90 per share, and Amicus Therapeutics Inc closing up at $15.53 per share for a gain of (+0.64/+4.30%).

Losers for the week include VelocityShares Daily Inverse VIX ST ETN closing down at $22.75 per share for a loss of (-1.78/-7.26%), Inc closing down at $22.81 with a loss of (-1.60/-6.55%), WisedomTree Investments Inc (-0.96/-5.34%) with a closing price of $17.02 and iKang Healthcare Group Inc (-0.77/-4.96%) with a closing price of $14.74.

Active for the week included Apple Inc, in heavy trading moved 50.00M shares, to close down at $109.27 per share with a loss of (-1.00%), VelocityShares Daily Inverse VIX ST ETN in medium trading moved 42.96M shares closing down at $22.75 per share with a loss of (-7.26%), Microsoft Corp in medium trading moved 37.14M shares closing down at $42.61 per share with a loss of (-2.05%), Micron Technology Inc in steady trading moved 32.42M shares, closing up at $16.82 per share for a gain of (+1.39%).

The NASDAQ closed down at 4,683.92 for a loss of (-49.58/-1.05%).

The S&P 500 also closed down at 1,921.22 for a loss of (-29.91/-1.53%).

World Markets

The ten most watched world markets closed the trading week down. The DOW Jones Industrial and Mexico’s IPC closed down with NASDAQ, S&P500 and Canada's S&P TSX Composite closed down.

Central Europe’s London's FTSE 100 and the CAC 40 of France closed up with Germany's DAX closing down, the SENEX of India and Hong Kong Hang Seng closing down and Japan’s highly traded Nikkei 225 and the Shanghai Composite also closed down.

Nikkei 225

The Japanese Nikkei 225 began the trading week at the week high (18,312.13) and began a steady decline with residual and reactionary pitching from the continued mauling experienced at the DOW Jones Industrial Average.

By mid-day Tuesday, after a slow steady decline, the Nikkei dropped nearly 200 points, that continued throughout the remainder of the week and through the closing bell Friday.  

The Nikkei 225, still in a weekly gain/loss pitch, fell this closing the week down with heavy triple digit losses.

The Nikkei closed the trading week down at 17,792.16 with triple digit losses of (-390.23/-2.15%). 

Gainers for the week include Shizuoka Bank Ltd (+39.00/+3.22%), Oji Holdings Corp (+10.00/+1.89%), Obayashi Corp (+18.00/+1.75%), Nippon Express Co Inc (+8.00/+1.42%).

Losers include Minebea Co Ltd (-91.00/-6.01), Pioneer Corporation (-13.00/-5.65%), Shiseido Co Ltd (-137.00/-5.43%) and NGK Insulators Ltd (-116.00/-4.44%).

Active on the Nikkei include Mizuho Financial Group Inc, in 37 straight weeks of strong trading, moving 213.16M shares to close down at ¥233.20 for a loss of (-2.10%), Mitsubishi UFJ Financial Group Inc in medium trading, moved 75.06M shares to close up at ¥737.20 for a gain of (-3.17%), Tokyo Electric Power Co Inc in strong trading moved 49.02M to close up at ¥781.00 for a gain (+0.13%), Nippon Steel & Sumitomo Metal Corp in mild trading moved 47.73M shares to close down at ¥236.00 for a loss of (-0.55%).

FTSE 100

London Markets began the week experiencing a rally that saw the week high by Monday’s closing bell. Tuesday was matched by a sharp, sliding decline that continued in Wednesday. With mild gain/loss rallies throughout the remainder of the week, the market shifted between the possibility of minimal losses and ending the week on a positive note. Friday’s decline ended all questions and the London market closed the week with triple digit losses.

The London Markets closed down at 6,042.92 with triple digits losses of (-151.18/-2.44%).

Gainers in the FTSE 100 include Hikma Pharmaceuticals PLC (+9.70/+0.41%), International Consolidated Airlines Group (+0.50/+0.09%).

Losers include Anglo American PLC (-55.50/-7.66%), Glencore PLC (-7.90/-6.03%), Antofagasta PLC (-32.50/-5.45%), and BHP Billiton PLC (-57.50/-5.18%).

Active on the FTSE 100 included Lloyds Banking Group PLC moving 97.31M shares in strong trading, closed down at €75.65 for a loss of (-1.65%), Glencore PLC, in mild trading, moved 69.80M shares to close down at €123.05 per share for a loss of (-6.03%), BP PLC, in light trading moved 38.53M shares to close down at €337.85 per share for a loss of (-5.06%), Vodafone Group PLC in light trading moved 28.57M shares to close down at €223.50 for a loss of (-1.50%).

Hang Seng Index 

The Hang Seng Index began the trading week up and saw the week high at opening bell Monday. The small hope was followed immediately by steady decline that continued throughout the remainder of the week. The market steadied over the morning of Wednesday and by afternoon the bottom fell out followed by an uncontrollable decline that continued throughout the remainder of the week. The Hang Seng ended the trading week down with triple digit losses.

The Hang Seng closed down at 20,840.61 with double digit losses of (-94.33/-0.45%).

Gainers on the Hang Seng Index include Sands China Ltd (+1.40/+5.51%), Belle international Holdings Ltd (+0.23/+3.29%), Lenovo Group Ltd (+0.19/+3.10%), China Merchants Holding (International) (Hong Kong) Ltd (+0.75/+3.07%).

Losers for the week include China Petroleum & Chemical Corp (-0.16/-3.21%), PetroChina Co Ltd (-0.19/-3.15%), Ping An Insurance (Group) Co of China Ltd (Hong Kong) (-1.15/-3.12%), Wharf Holdings (-1.15/-2.77%).

Active trading on the Hang Seng Hong Kong Index includes Bank of China Ltd, in heavy trading, moved 349.19M shares to close down at HK$3.33 (-0.89%), China Construction Bank Corp, in heavy trading moved 306.69M shares to close down at HK$5.15 (-2.09%), Industrial and Commercial Bank of China Ltd, in strong trading, moved 303.14M shares to close down at HK$4.41 (-0.68%), PetroChina Co Ltd in strong trading moved 111.91M shares to close up HK$5.84 (-3.15%).

Source: Bing Finance

Haute Tease

  • Diann Valentine, Celebrity Wedding and Interior Designer, Offers Tips On Spicing Up Your Home for Spring

    AddThis Social Bookmark Button

    Diann Valentine, a vibrant and dynamic keynote speaker, television personality, internationally acclaimed wedding, event and interior designer is continuing to impress with a portfolio that commands attention she is bringing her eponymous brand to special occasion styling everywhere.

  • HOTEL TRANSYLVANIA - A Howling Good Time!

    AddThis Social Bookmark Button

    HOTEL TRANSYLVANIA, the newest animated feature from Columbia Pictures and Sony Pictures Animation, brings to the screen a high flying, magical romantic comedy from Director Genndy Tartakovsky.

  • Beltway Insider: Trump’s State of the Union; Immigration; Border Wall; Gallery; Media Stats on SOTU; Castro’s Son Suicide

    AddThis Social Bookmark Button

    President Donald Trump addressed the nation this week in the annual State of the Union, which was met with great enthusiasm and dismay, as he emphasized key elements that reinforce his often polarizing view of a Great America.

  • Humboldt Broncos Tragedy Claims 16th Victim

    AddThis Social Bookmark Button

    Dayna Brons, 25, an Athletic Director for the Humboldt Broncos, has died as a result of injuries suffered when the Humboldt Broncos team bus was struck by a semi-trailer killing 15 team members instantly and injuring 14 others.

  • World News: The Dangerously Deserted Arena of French Leadership

    AddThis Social Bookmark Button

    The emptiness of the political speeches of the great French parties, incapable of apprehending contemporary changes, left the field open to two opponents, LREM and Rassemblement National, locked in a Manichean debate dangerous for the Republic.

  • Alive and Kicking Review - A Mind Blowing Rush

    AddThis Social Bookmark Button

    Alive and Kicking, from Magnolia Pictures, presents a definitive documentary on Swing Dancing, a lost art that is experiencing revival, with men and women in every corner of the world suddenly dancing to music long forgotten.

  • John Carter - A Space Odyssey Adventure from Disney Pictures

    AddThis Social Bookmark Button

    JOHN CARTER, the Sci-Fi action adventure, from Walt Disney Studio Pictures, and Academy Award winning Director Andrew Stanton brings to the screen the ultimate intergalactic battle for planetary dominance

  • Sir Ken Adam: The Man Who Designed James Bond

    AddThis Social Bookmark Button

    As a production designer, Sir Ken Adam consistently pushed his imagination to the limits, creating movie sets, each different, as thrilling to look at as the action unfolding up on the screen. His work on seven James Bond films—including the first of the series, DR. NO—set the tone for what became the Bond franchise.

  • London’s Best Cocktail Bars Book Review – A Libation Lovers Guide to the Long Pour (Recipes)

    AddThis Social Bookmark Button

    London’s Best Cocktail Bars: The Most Popular Hotspots, presents a libation-lovers walking guide through forty-eight of the best drinking venues, from rooftops to undergrounds, well known and hidden, a colorful collection of concoctions sure to please.

  • Homicide Ruling in Staten Island Choke Victim Case

    AddThis Social Bookmark Button

    The death of Eric Garner, 43, the Staten Island father of two choked to death by New York Police Officers after being detained on a city street, has been ruled a homicide by the New York City Medical Examiner.

  • Money News: World Markets Plummet; React to U.S. Ebola Death; Global Pandemic

    AddThis Social Bookmark Button

    The four U.S. Markets, Dow Jones Industrial Average, NASDAQ, S&P 500 and Russell 2000, suffered a week-long meltdown, hitting a single day loss following the death of U.S. Ebola Case 1 announcements which caused investor panic and sent global markets spiraling out of control.

  • Time Out of Mind Review - Gere, Sedgwick and Vereen Create an Extraordinary Portrayal

    AddThis Social Bookmark Button

    Time Out Of Mind, from IFC Films, brings to the screen a rare, honest and poignant representation of homelessness, the fix-it spiral, the impotent system, the sabotage from callous and uncaring workers and the life of the homeless.

  • Holiday Gift Guide: Wine And Spirits Suited for Any Season

    AddThis Social Bookmark Button

    As the Holiday Season is here there is no better way to usher in good tidings than with a delicious specialty cocktail, something on the rocks, or neat, please. And with global sales exceeding 20 million liters, the world, it seems, agrees.

  • How To Tell Skincare Hero’s From Skincare Zero’s

    AddThis Social Bookmark Button

    The billion dollar beauty industry is built on promises and dreams. Skincare cosmetic giants promise glowing, healthy, vibrant, skin, and the consumer with dreams of tightening, firming, restoring, passionately reads the promises and purchases the key that provides the possibility.

  • FINIS ‘Duo’ Underwater MP3 Player Review - Swim with Swagger

    AddThis Social Bookmark Button

    Duo,” a recently-released underwater MP3 player from FINIS Inc., a highly advanced subaquatic music player lets both serious and recreational swimmers listen to their favorite songs, instrumentals and more while water-bound and without earbuds to boot!