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Money News: DOW Jones Roars Closes Up; World Markets Follow

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The Dow Jones Industrial market bounced back from a very bad week and, assisted by global markets, managed to calm deeply skittish investors concerned over a long term bear market and another devastating market mauling.    

The Martin Luther King, Jr. Holiday, a federal holiday, closed the markets for Monday.

The DOW opened Tuesday January 19, 2016, up at 16,112.51. With the mauling form the previous week, a searing memory Tuesday’s performance which ended slightly down at 16,016.02 gave investors a momentary rest.

Stocks opened Wednesday down 265 points, at 15, 773.80 by 12:30PM the DOW fell to the week low of 15,465.04. Fortunately the DOW began to rally and by the closing bell the DOW had gained nearly 300 points.

Opening down Thursday the market rallied and by day’s end continued to gain back the heavy losses experienced earlier in the week.

Friday’s opening, with the impending apocalyptic snowstorm rumors swirling, the market managed to open up at 16,084.50.

Even with the swirling snowstorm projections, trading was hot and Friday saw the week high of 16,124.33 early before a mild slide and stronger mid-afternoon rally. By closing bell, the snow rumors were true and the market closed astonishingly strong with triple digits gains.  

The DOW closed the trading week up with a dramatic triple digit gains at 16,093.51 (+210.83/+1.33%). The DOW held a day range of 15,921.10-to-16,136.79.

Gainers include Apple Inc (+5.12/+5.32%) with a closing price of $101.42 per share, Microsoft closing up at $52.29 per share for a gain of (+1.81/+3.44%), Goldman Sachs Group Inc closing up at $156.86 price per share (+5.21/+3.44%) and Exxon Mobil Corporation closing up at $76.57 per share for a gain of (+2.47/+3.33%).

Losers for the week include American Express Co closing down at $55.06 per share for a loss of (-7.58/-12.10%), General Electric Co closing down at $28.24 with a loss of (-0.35/-1.22%), International Business Machines Corp (-0.41/-0.33%) with a closing price of $122.50.

Active for the week included General Electric Co in solid trading for the week moved 87.87M shares closing up at $28.24 per share with a loss of (-1.22%), Apple Inc, in strong trading moved 65.80M shares, to close down at $101.42 per share with a gain of (+5.32%), Cisco Systems Inc in medium trading moved 55.05M shares closing down at $23.37 per share with a gain of (+2.05%), American Express Co in light trading moved 43.78M shares closing down at $55.06 per share with a loss of (-12.10%).

The NASDAQ closed up at 4,591.18 for a gain of (+119.12/+2.66%).

The S&P 500 also closed up at 1,906.90 for a gain of (+37.91/+2.03%).

World Markets

The Ten most watched global markets ended the short week up. All major New York Markets, the DOW Jones Industrial, S&P500 and the NASDAQ closed up.In the Americas Mexico’s IPC and Canada's S&P TSX Composite both closed up.

The three top ten watched Central European Markets, London’s FTSE 100 and Germany’s DAX and CAC 40 of France all closed up.

The highly traded Asian Markets across the board all experienced a major mauling. The Sensex of India, Hong Kong’s Hang Seng, Shanghai Composite and the highly traded Japanese Nikkei 225 all closed up.

Nikkei 225

The Japanese Nikkei 225, the stock market index for the Tokyo Stock Exchange, operating on a five day trading week, fought the bear wrestling against the market insecurities to encourage investors to remain attached to their portfolio packages.

Stocks opened Monday down and began an immediate rally by afternoon the Nikkei saw the week high of 17,048.37. Maintaining a solid rebound, Stocks opened Tuesday at 16,903.99 and rode out a sharp decline and strong rally to to close the day at 17,048.37.

Wednesday the Nikkei opened down at 16,923.89. Unable to control the decline the Nikkei began a two day sharp decline falling to 16,017.26 a loss of more than 1000points.

Friday the Nikkei opened up at 16,524.26 a gain of more than 500points and began a strong rally. BY mid-afternoon stocks had risen 250 points brining the Nikkei to 16,774.65. The rally wasn’t over and the Nikkei continued on the rally closing the week up at an impressive 16,958.53.

The Nikkei closed the trading week up at 16, 958.53 with triple digit gains of (+941.27/+5.88%). 

Gainers for the week include Sumitomo Realty & Development Co Ltd (+290.50/+10.48%), JGC Corp (+155.00/+9.65%), Toho Zinc Co Ltd (+20.00/+9.30%), Unitika Ltd (+4.00/+9.09%).

Active on the Nikkei 225 include Mizuho Financial Group Inc moving, in 56 straight weeks of strong trading, moved 194.26M share to close up at ¥208.20 for a gain of (+4.62%), Mizuho UFJ Financial Group Inc, moving 98.13M shares to close up at ¥624.70 for a loss of (+4.99%), Sharp Corp in medium trading moved 96.85M shares to close up at ¥132.00 for a gain of (+3.13%), Kobe Steel Ltd in soft trading, moved 68.79M shares for a gain of ¥112.00 for a gain of (+5.66%).

FTSE 100

The London Markets followed a familiar pattern throughout the week with strong solid rallies followed by steep and sharp declines, filling the market with recession fears the FTSE managed a strong end of week rally to close up.

Opening down on Monday at 5,831.60, the market quickly fell 60 points which initiated the rally/deline pattern that held throughout the day.

Tuesday the FTSE opened up at 5.891.57, on the bounce. The market managed to stay strong rallying throughout the day nearing the week high of 5,911.11 the FTSE closed the day pinched by the beginnings of the decline at 5,871.30.

The FTSE opened Wednesday dramatically lower to at 5,706.58 down more than 200 points. Staying in the trenches the FTSE continued to fall closing the day at 5,654.80, the week low.

Mirroring the New York Market, the FTSE experienced this mid-week decline which continued into Thursday.

Thursday opened low at 5,726.53 and rallied slowly throughout the day to close up at 5,764.91. Strong gains, solid showing, nothing to write home about.

Friday, the FTSE opened up at 5,867.64 on the bounce and managed to sustain the gains throughout the day. A red-hot Friday ushered in a real rally and also the week high of 5,921.13 during the mid-afternoon gains which helped the FTSE close the trading week up.

The London Markets closed up at 5,900.01 with triple digit gains of (+126.22/+2.19%).

Gainers in the FTSE 100 include Sports Direct International PLC (+24.20/+6.08%), Royal Dutch Shell PLC (+70.50/+5.36%), Royal Dutch Shell PLC (+69.50/+5.27%), BG Group PLC (+47.50/+5.09%).

Losers include Anglo American PLC (-21.30/-8.59%), Glencore PLC (-3.67/-4.46%), Pearson PLC (-14.50/-1.88%), and Rio Tinto PLC (-18.50/-1.11%).

Active on the FTSE 100 included Lloyd Banking Group PLC moving 142.26M shares in strong trading, closed up at €66.86 for a gain of (+3.34%), Glencore PLC, in strong trading, moved 108.83M shares to close down at €78.58 per share for a loss of (-4.46%), Vodafone Group PLC in strong trading moved 56.38M shares to close down at €219.45 for a gain of (+2.67%), Barclays PLC, in medium trading moved 50.10M shares to close up at €190.75 per share for a gain of  (+2.47%).

Hang Seng Index 

The Hang Seng Index opened the trading week up at, 19,287.38, felt the highs and lows of the Asian markets and global reactionary hits, and experienced an impressive early week rally that assisted the Hang Seng as the bottom fell out throughout the week to close up.

The Hang Seng opened Monday at 19,287.38 and maintained a solid steady rally to close the day at 19,245.51.   

A slight bounce on Tuesday opened the Hang Seng up 185 points at 19,428.09. The rally was short lived and the Hang Seng fell immediately to 19,215.86 by early afternoon. The rally followed and by end of day Tuesday the Hang Seng closed at the week high of 19,635.81.  

Wednesday stocks opened down 19,332.22 losing more than 300 points. The Wednesday fall out continued and mirrored the international markets. By end of day Wednesday, the Hang Seng fell to 18,886.30 another 114 point lose.

Thursday market opened on the bounce 19,079.13 gaining 273 points. The gains where short lived and the pattern of rally/decline continued with the Hang Seng falling sharply to the week low of 18,542.15 by end of day Thursday.

Friday opened up at 19,000.79. After a mild decline. The Hang Seng rallied and closed out the week impressively up more than 500 points.

The Hang Seng closed up at 19,080.51 with triple digit gains of (+538.36/+2.90%).

Gainers on the Hang Seng Index include Sands China Ltd (Hong Kong) (+2.35/+11.24%), China Shenhua Energy Co Ltd (+1.06/+10.25%), CNOOC Ltd (0.52/+8.10%), PetroChina Co Ltd (+0.33/+7.89%)

Losers for the week include Cathay Pacific Airways Ltd (-0.12/-0.96%)

Active trading on the Hang Seng Hong Kong Index includes Bank of China Ltd, in strong trading moved 406.62M shares to close up at HK$3.02(- 2.25%), China Construction Bank Corp, in strong trading, moved 366.20M shares to close up at HK$4.57 (+1.78%), Industrial and Commercial Bank of China, in strong trading, moved 345.63M shares to close up at HK$3.92 (+1.55%),  China Petroleum & Chemical Corp, in strong trading moved 179.95M shares to close down HK$4.16 (+6.39%).

Source: Bing Finance

 

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