Money News: The Bear Returns To DOW, World Markets

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The DOW Jones Industrial along with the NASDAQ and S&P 500, fell as the bear returned, mauling the markets from Wall Street to Shanghai, with a vengeance upending the majority of global markets leaving few unaffected as nervous investors fueled the volatile market.

The DOW opened Monday at 17,638.52. Trading remained steady throughout the day Monday and with a small dip at Tuesday’s opening the DOW managed to stay near opening numbers. The DOW continued it mild market swing and by Tuesday’s close the DOW had seen a 57 point loss.

The DOW continued to gain strength Friday and by 2:30pm Friday afternoon the DOW hit the week high of 17,647.44.  A minor decline brought the close to 17, 646.70 less the one point below the week high.

The DOW ended the trading week down with double digit loss at 17,663.54 (-92.26/-0.52%). Opening at 17,799.96. The DOW held a day range of 17,662.87-to-17,799.96.

Gainers include Caterpillar Inc (+1.02/+1.42%) with a closing price of $72.99 per share, Chevron Corp closing up at $90.88 per share for a gain of (+0.99/+1.10%),  Verizon Communications Inc (+0.48/+1.03%) with a closing price of $46.88 per share, and Exxon Mobil Corporation closing up at $82.74 per share for a gain of (+0.51/+0.62%).

Losers for the week include Pfizer Inc closing down at $33.82 per share for a loss of (-0.95/-2.73%), UnitedHealth Group Inc closing down at $117.78 with a loss of (-1.93/-1.61%), JPMorgan Chase & Co (-0.96/-1.47%) with a closing price of $64.25 and General Electric Co (-0.42/-1.43%) with a closing price of $28.92.

Active for the week included General Electric Co in heavy trading moved 71.02M shares closing down at $28.92 per share with a loss of (-1.43%), Pfizer Inc, in medium trading moved 57.12M shares, to close down at $33.82 per share with a loss of (-2.73%), Apple Inc in steady trading moved 49.37M shares, closing down at $119.50 per share for a loss of (-0.85%), Microsoft Corp in light trading moved 46.62M shares closing down at $52.64 per share with a loss of (-1.35%).

The NASDAQ closed down at 5,053.75 for a loss of (-20.53/-0.40%).

The S&P 500 also closed down at 2,079.36 for a loss of (-10.05/-0.48%).

World Markets

The ten most watched world markets closed the trading week with a 30/70 split. The DOW Jones Industrial, S&P500 and the NASDAQ all 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 in line with the American market closed down. The CAC 40 of France and Germany's DAX closed up.

Japan’s highly traded Nikkei 225, remained solid closed up, and continued to enjoy the bull market. The Shanghai Composite, Hong Kong Hang Seng and the SENEX of India all closed down.

Nikkei 225

The Japanese Nikkei 225 opened the trading week up (18,924.31) and after a week of strong rallies and sharp declines managed to end the week with solid triples digit gains.

Opening Monday, the Nikkei began with a small run quickly turning into a sharp decline and closed the trading day falling 193.25 points.

The Nikkei mirrored other global markets with slow steady declines and sharp rallies throughout most of the week.

By 12:30pm Friday the Nikkei began an impressive rally that lasted throughout the afternoon reaching the week high (19,151.69) before ending the week at 19,083.10. Shifts in the market, throughout the afternoon, saw minimal losses and the Nikkei fell slightly closing the trading week up.

The Nikkei closed the trading week up at 19, 083.10 with triple digit gains of (+147.39/+0.78%). 

Gainers for the week include Tokuyama Corporation (+26.00/+11.87%), Shionogi & Co Ltd (+511.00/+11.41%), Alps Electric Co Ltd (+215.00/+6.01%), Fuji Electric Co Ltd (+29.00/+5.64%).

Losers include GS Yuasa Corp (-58.00/-11.15%), Konica Minolta Inc (-131.00/-9.48%), Mitsui engineering & Shipbuilding Co Ltd (-18.00/-8.78%) and NE Corp (-36.00/-8.76%).

Active on the Nikkei include Mizuho Financial Group Inc, in 45 straight weeks of strong trading, moving 224.98M shares to close up at ¥250.30 for a gain of (+1.25%), Mitsubishi UFJ Financial Group Inc in medium trading moved 77.20M shares to close up at ¥790.60 for a gain of (+1.24%), NEC Corp in medium trading, moved 75.18M shares to close down at ¥375.00 for a loss of (-8.76%), Kawasaki Kisen Kaisha Ltd in light trading moved 36.55M to remain constant at ¥273.00 for a loss/gain (0.00%).

FTSE 100

London Markets began the week up, opening Monday at 6,427.16 and immediately began a slow decline that continued, following a rally/decline pattern through Wednesday.

Wednesday’s opening of 6,361.67 was followed by a strong rally that jumped the FTSE 80 points, for the week high of 6,446.50, by 3:45pm. Unable to sustain the rally and the FTSE fell sharply and by opening Thursday the FTSE had fallen to 6,364.01.

Thursday’s opening saw no bounce and the FTSE, mirrored the global markets and began a weekend rally that peaked on Friday morning at 6,484.42 before a quick decline and sharp rally and a small decline to close the week with solid double digit gains.  

Friday saw the FTSE pitch with jagged rallies and immediate declines and closed the trading week down with a double digit loss.

The London Markets closed down at 6,361.09 with double digits loss of (-34.71/-0.54%).

Gainers in the FTSE 100 include Taylor Wimpey PLC (+4.20/+2.17%), Meggitt PLC (+6.30/+1.81%), Anglo American PLC (+9.60/+1.79%), Wolseley PLC (+59.00/+1.57%).

Losers include International Consolidated Airlines Group (-15.00/-2.51%), Barclays PLC (-5.25/-2.21%), Randgold Resources Ltd (-81.00/-1.82%), and Morrison (Wm) Supermarkets PLC (-3.00/-1.75%).

Active on the FTSE 100 included Lloyds Banking Group PLC moving 158.09M shares in strong trading, closed up at €73.73 for a loss of (+0.66%), Barclays PLC, in strong trading, moved 60.17M shares to close up at €232.00 per share for a loss of (-2.21%), Glencore PLC in medium trading moved 52.67M shares to close up at €112.50 for a gain of (+1.53%), Vodafone Group PLC, in light trading moved 45.08M shares to close up at €214.25 per share for a loss of (-0.86%).

Hang Seng Index 

The Hang Seng Index opened the trading week at the week high (23,785.86) and immediately began a slow, steady decline that continued throughout the week which ended with the Hang Seng closing the week out at the week low.

The bull returned to the Hang Seng Index and while the bottom didn’t fall out, the market remained in a steady significant decline. The Hang Seng fell to 22,634.31, the week low, by 4:00pm Friday. A small rally brought the Hang Seng up to close at 22, 640.04.

The Hang Seng ended the trading week down with triple digit losses.

The Hang Seng closed down at 22,640.04 with a loss of (-179.90/-0.79%).

Gainers on the Hang Seng Index include China Mengniu Dairy Co Ltd (+0.50/+3.43%), Li & Fung Ltd (+0.20/+3.28%), Lenovo Group Ltd (+0.16/+2.26%), Hengan International Group Co Ltd (+1.65/+2.00%).

Losers for the week include AIA Group Ltd (-1.40/-2.98%), China Life Insurance Co (Hong Kong) Ltd (-0.65/-2.26%), Sands China Ltd (-0.65/-2.26%), PetroChina Co Ltd (-0.13/-2.10%).

Active trading on the Hang Seng Hong Kong Index includes Bank of China Ltd, in strong trading, moved 271.92M shares to close down at HK$3.67 (-1.34%), China Construction Bank Corp, in heavy trading moved 257.61M shares to close down at HK$5.63 (-0.88%), Industrial and Commercial Bank of China, in heavy trading, moved 162.90M shares to close down at HK$4.95 (-0.40%), China Petroleum & Chemical Corp in medium trading moved 95.57M shares to close down HK$6.06 (-2.10%).

Source: Bing Finance

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