Money News: The Bear Returns, Dow, European Markets Suffer; Asian Markets Up

AddThis Social Bookmark Button

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

The DOW opened Monday at 16,674.74, with no bounce from the previous week, and struggled losing nearly 200 point experiencing another Monday mauling.

Opening Tuesday the markets were still bearish. A small rally sparked steady gains that pulled the market out of the pit and continued throughout the week hitting the week high, 16,888.94, late Thursday afternoon.

The Markets opened to a devastating decline, losing more than 400 points from the previous days close.  Barely able to struggle, the market managed to stop the bleed momentarily. The market again began to convulse and by close of bell Friday managed to sink even further hitting the week low at close of bell.  

The DOW ended the trading week down with triple digits losses at 16,384.58 (-290.16/-1.74%). Opening at 16,74.74 the DOW held a day range of 16,343.76.65-to-16,674.74.

Gainers include Portola Pharmaceuticals Inc, closing up at $56.89 for a gain of (+4.64/+8.88%)  PTC Therapeutics Inc (+2.16/+6.01%) with a closing price of $38.10 per share, Ziopharm Onocology Inc (+0.68/+5.71%) with a closing price of $12.59 per share, and Zafgen Inc closing up at $46.23 per share for a gain of (+2.47/+5.64%).

Losers for the week include Hanwha Q Cells Co Ltd closing down at $10.89 per share for a loss of (-1.79/-14.12%), VelocityShares Daily Inverse VIX ST ETN closing down at $25.93 with a loss of (-3.49/-11.86%), Apogee Enterprises Inc (-5.96/-10.85%) with a closing price of $48.96 and Immunogen Inc (-1.70/-10.40%) with a closing price of $14.65.

Active for the week included Twenty-First Century FOX inc (FOXA), in heavy trading moved 94.63M shares, to close down at $26.32 per share with a loss of (-1.72%), Comcast Corp in medium trading moved 77.27M shares closing down at $57.24 per share with a loss of (-2.10%), Apple Inc in medium trading moved 74.29M shares closing down at $113.48 per share with a loss of (-0.46%), Twenty-First Century Fox Inc (FOX) in steady trading moved 67.24M shares, closing down at $26.50 per share for a gain of (-2.00%).

The NASDAQ closed down at 4,827.23 for a loss of (-66.72/-1.36%).

The S&P 500 also closed down at 1,958.03 for a loss of (-32.17/-1.62%).

World Markets

The ten most watched world markets closed the trading with a 30/70 loss. The DOW Jones Industrial closed down. Not included in the ten most watched markets, the S&P500 and the NASDAQ also closed down.

The Americas Markets, including both Mexico's IPC and Canada's S&P TSX Composite closed down.

Central Europe's London's FTSE 100 and the CAC 40 of France and Germany's DAX all closed down, as the uncertainly of the refugee situation reverberated throughout Central European countries.

Asian Markets, on the world stage, survived with only a hint of the encroaching worldwide bear market. Japan's highly traded Nikkei 225 closed down with The SENEX of India, Shanghai Composite, the Hong Kong Hang Seng all closing up.

Nikkei 225

The Japanese Nikkei 225 opened the trading week up (18,209.60) and fell dramatically and by 1:00PM Monday dropped to the week low (17,963.62) with a slight rally the Nikkei again fell to 17, 965.70.

The Nikkei opened strong on Tuesday gaining nearly 355points and immediately followed with the rally, decline roller coaster, and by midday Thursday had gained nearly 500 points (18,462.99).

A brief rally Friday saw the Nikkei hit a short lived high followed by a sharp decline that continued throughout the remainder of the day to end the trading week.  

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

The Nikkei closed the trading week down at 18,070.21 with triple digit losses of (-362.06/-1.96%). 

Gainers for the week include KDDI Corp (+104.00/+3.95%), Pioneer Corporation (+9.00/+3.32%), Seven & I Holdings Co Ltd (+112.00/+2.21%), JTEKT (+20.00/+1.10%).

Losers include Dai-ichi Life Insurance Co Ltd (-124.50/-6.20), Sompo Japan Nipponkoa Holdings Inc (-206.00/-5.47%), JFE Holdings Inc (-100.50/-5.34%) and T&D Holdings Inc (-78.00/-5.17%).

Active on the Nikkei include Mizuho Financial Group Inc, in 39 straight weeks of strong trading, moving 247.24M shares to close down at ¥230.90 for a loss of (-2.90%), Mitsubishi UFJ Financial Group Inc in medium trading, moved 75.32M shares to close down at ¥746.70 for a loss of (-2.81%), Nippon Steel & Sumitomo Metal Corp in strong trading moved 45.91M to close down at ¥237.40 for a loss (-4.20%), Toshiba Corp in mild trading moved 36.22M shares to close down at ¥315.50 for a loss of (-2.41%).

FTSE 100

London Markets began the week up, opening Monday at 6,186.99, followed immediately by a rally/decline, pitch forward, fall back by Monday's close the FTSE had hit the week low of 6032.94.

Tuesday began down and began a slow, steady rally which by peak at opening bell Wednesday had gained nearly 170 points from the dismal Monday showing. The rally continued and by Thursday afternoon the FTSE saw the week high of 6239.86.

Minor declines/rallies gave way to a slight dip and slide throughout Friday ending and the London market closed the week with minimal double digit losses.

The London Markets closed down at 6,104.11 with double digits losses of (-82.88/-1.34%).

Gainers in the FTSE 100 include Randgold Resources Ltd (+127.00/+3.41%), Fresnillo PLC (+19.50/+3.31%), AstraZeneca PLC (+99.50/+2.33%) and Sainbury (J) PLC (+4.20/+1.87%).

Losers include Glencore PLC (-6.60/-4.99%), Weir Group PLC (-44.00/-3.43%), Royal Dutch Shell PLC (-51.50/-3.13%), and GKN PLC (-8.80/-3.09%).

Active on the FTSE 100 included Lloyds Banking Group PLC moving 159.10M shares in strong trading, closed down at €73.21 for a loss of (-1.47%), Glencore PLC, in strong trading, moved 120.23M shares to close down at €125.55 per share for a loss of (-4.99%),Vodafone Group PLC in light trading moved 53.88M shares to close up at €217.45 for a gain of (+0.58%), Barclays PLC, in light trading moved 38.37M shares to close down at €253.75 per share for a loss of (-2.57%).

Hang Seng Index 

The Hang Seng Index opened the trading week down (21,807.25) and by noon had fallen more than 300 points (21,473.37) in the first two hours of trading. Struggling with minor rallies and declines throughout Monday and by Tuesday's close the nag Seng bottomed out with the week low of 21, 442.72.

Wednesday's market opened with a bounce that stimulated the market and the rally continued week with the week high 22,172.68n opening Thursday's market. A sharp decline Friday almost derailed the gains the trading week experienced holding steady fortunately the market rallied and ended the trading week up with  double digit gains.

The Hang Seng closed up at 21,920.83 with double digit gain of (+66.20/+0.30%).

Gainers on the Hang Seng Index include Sands China Ltd (+1.40/+5.19%), Galaxy Entertainment Group Ltd (+0.95/+4.07%), Belle International Holdings Ltd (+0.24/+3.72%), Sun Hung Kai Properties Ltd (+3.60/+3.54%).

Losers for the week include Lenovo Group Ltd (-0.19/-2.57%), China Resources Enterprise Ltd (-0.25/-1.89%), CNOOC Ltd (-0.10/-1.15%), HSBC Holdings PLC (-0.65/-1.06%).

Active trading on the Hang Seng Hong Kong Index includes Industrial and Commercial Bank of China Ltd, in strong trading, moved 285.28M shares to close down at HK$4.76 (-0.83%), Bank of China Ltd, in heavy trading, moved 237.40M shares to close down at HK$3.56 (-0.28%), China Construction Bank Corp, in heavy trading moved 169.71M shares to close down at HK$5.55 (-0.18%), PetroChina Co Ltd in medium trading moved 64.09M shares to close down HK$5.83 (-0.34%).

Source: Bing Finance

Haute Tease

  • Beltway Insider: Trump Stumbles on Foreign Trip; Manchester; G7 Sours; Rome Earth Protests; Kaine Son Arrested

    AddThis Social Bookmark Button

    President Donald Trump pushed, shoved, and bullied his way through his inaugural foreign trip setting the tone for his presidency as he met with foreign leaders emphasizing his agenda wouldn't be set by previous agreements or administrations.

  • Isle Of Dogs Review – Magical; Heartwarming; Stunning Animation

    AddThis Social Bookmark Button

    Wes Anderson's Isle of Dogs, from Fox Searchlight Pictures and Indian Paintbrush, presents a heartwarming tale of a boy and his dog after a disease causes all dogs to be banished to Trash Island off the coast of Japan.

  • Orange County Restaurant Week Returns

    AddThis Social Bookmark Button

    Orange County Restaurant Week, the region's most celebrated culinary event for more than a decade, returns Sunday, March 3th through Saturday, March 9th with nearly 150 restaurants participating offering diners a wide variety of options.

  • RISE OF THE GUARDIANS: An Enchanted, Magical, Holiday Adventure from DreamWorks Animation

    AddThis Social Bookmark Button

    RISE OF THE GUARDIANS, from animation master Jeffrey Katzenberg and the brilliance of DreamWorks, recently held its World Premiere, during the AFI Festival, at the famous Gruman’s Chinese Theater in Hollywood, California.

  • BREAKING: News Reports at Least 27 Dead in Two New Zealand Mosque Shootings

    AddThis Social Bookmark Button

    Christchurch, New Zealand is spending Friday night on lockdown after two gunmen entered two separate Mosques in the city center, opened fire upon those engaged in noontime prayers leaving an unprecedented carnage and an unknown death toll.

  • Amidst Lurid Accusations Matt Lauer Issues An Apology; Network Denies Prior Knowledge

    AddThis Social Bookmark Button

    Defrocked NBC Today host Matt Lauer issued an apology to his victims, family, friends, and network, one day after the network terminated the twenty-year veteran over substantiated allegations of sexual misconduct, rape, and other inappropriate actions.

  • Casa Velas Hotel Puerto Vallarta Review - Epicurean Exploits Abound

    AddThis Social Bookmark Button

    Nestled within an upscale residential neighborhood just a 5-minute drive from the Puerto Vallarta airport sits Casa Velas, a serene adults-only luxury boutique resort that's helping set new and noteworthy standards in the all-inclusive realm.

  • Battle of The Sexes Review – Grand Slam, Game, Set, Match, Win!

    AddThis Social Bookmark Button

    Battle of the Sexes, from Fox Searchlight Pictures, presents 1973, the year women, led by powerhouse tennis player Billie Jean King, decided they were done with penny prize packages and to the chagrin of the establishment demanded equality.

  • Franny Review – High Drama, Unexpected Twists, As Dependency Wages War to Destroy a Life

    AddThis Social Bookmark Button

    Franny, from Magnolia Entertainment, presents a heartfelt drama of love, loss, dependency, hope, healing and coping as the earth shattering moments that instantly mute, challenge the soul, permanently destroy or short circuit a life randomly strike with warning.

  • Beltway Insider: Obama/Orlando/Filibuster; Belgium-Paris Terror; Stanford Rape Judge; Okinawa; Bob Iger

    AddThis Social Bookmark Button

    President Obama and Vice President Biden joined families in Orlando, one week after the Pulse massacre, the worst shooting on U.S. soil, to offer condolences, encouragement and solidarity in the fight for renewed gun control measures and to end hatred.

  • The Hermosa Inn Arizona Review – Luxurious Hideaway; Luscious Cuisine; Enchanting Vistas

    AddThis Social Bookmark Button

    Nestled in the heart of Paradise Valley, Arizona, an exclusive Phoenix enclave that’s just minutes from bustling Scottsdale, lies a AAA Four Diamond boutique hideaway called Hermosa Inn, a luxury experience complete with the Four Diamond Lon’s Restaurant.

  • Paris Fashion Week Coverage: Ewa Minge Fall/Winter 2017/18 Couture Collection – Fairy Tales

    AddThis Social Bookmark Button

    Inspired by the ancient gypsy fables that transport all into an enchanted, joyful, dancing world, Ewa Minge, Poland’s most celebrated and well known designer, recently showed her Fall/Winter 2017/18 collection during the Haute Couture Fashion Week in Paris, France.

  • World News: Borders Sealed, 67 Million on Lockdown, A Nation at War

    AddThis Social Bookmark Button

    Between confinement, worry and amazement, the country faces an invisible virus carrying a lot of consequences for the moment unknown but unavoidable. Among the first: humility and modesty.

  • Rose Quartz Self-Love Eye Mask Review - Cool, Soothing, Luxurious

    AddThis Social Bookmark Button

    Parisian trained Angela Caglia, esthetician to Hollywood's celebrity elite, has recently created an at home facial collection that allows women (and men) to enjoy the benefits of her La Vie En Rose skincare products in private from home.

  • Unique Lotus Evora Sport 410 Honours Iconic Esprit S1; Tribute To One Of Lotus' Most Famous Liveries

    AddThis Social Bookmark Button

    Representing the state of the Supercar art, a one-off Evora Sport 410 has been commissioned through Lotus Exclusive as a tribute to one of its most famous ancestors, the Lotus Esprit S1.