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Money News: DOW Roars Back; World Markets Follow; Asian Markets Strong

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The Dow Jones Industrial came roaring back fell in dramatic fashion over the past week, which included the highest single day gain of over 400points, following last week stunning fall, and ended the week with  record closes  triggering similar upswings in the three other major U.S. Markets.


Retailers feeling very nice are riding a consumer confidence high and showering the holiday shopper with spectacular savings.  The final ten day count down to the Christmas holiday may prove to provide more substantial savings as an alignment of economic indicators are benefiting the consumer.

The DOW opened at 17,778.02 and held a daily range of 17,746.55-to-17,874.03.

The DOW, after suffering  through triple digits losses last week, looked up and never looked back closing up at 17,804.80 (+26.65/+0.15%).

The Gainers for the week include Chevron Corp (+3.20/+2.94%) with a closing price of $112.23 per share, Exxon Mobil Corporation (+1.94/+2.13%) with a closing price of $93.10, E I du Pont Nemours & Company (+1.37/1.90%) with a closing price of $73.60 and General Electric (+0.43/+1.70%) with a closing price of $25.57.

Losers for the week Nike closing at $94.84 per share down at (-2.16/-2.22%), Intel Corp closing down at $36.38 with a loss of (-0.64/-1.73%), United Technologies Corporation also closed down at $115.86 for a loss of (-1.10/-0.94%) and the Coco-cola Co closing at $42.02 per share for a loss of (-0.37/-0.87%)

Active for the week included Microsoft, in medium trading, moved 40.20M shares closing up at $47.62 per share for a slight gain of (-0.29%), Cisco Systems Inc, also in medium trading moved 38.56M shares, closed up at $27.74 per share with a gain of (+0.36%).

The NASDAQ rallied along with the three other U.S. Markets and closed up at 4,765.38 with a gain of (+16.98/+0.36%).

The S&P 500 also experienced a nice bounce closing up at 2,070.65 for a gain of (+9.42/+0.46%).

Russell 2000 mini experienced mild gains closing slightly up at 1,195.94 for a gain of (+3.78/+0.32%).

World Markets

The ten most watched world markets the Dow Jones Industrial Average of the U.S., Hong Kong Hang Seng, SENEX of India, Canada's S&P TSX Composite, London's FTSE 100, along with the three other U.S. Markets and Mexico's IPC, Japan's Nekkei 225 and the Shanghai Composite all closed up and rounding out the world markets the CAC 40 of France, Germany's DAX closed down.

Nikkei 225

The Japanese Nikkei 225, continued to rally and remained strong pushing the weak Japanese yen toward a solid road to recovery, with a steady triple digit gain closing up at 17,621.40 at (+411.35/+2.39%). 

Gainers for the week include Mitsumi Motors Corp  (+70.00/+6.55%), Tokyo Electron Ltd (+510.00/+5.93%), IHI Corp   (+33.00/+5.62%), Sumitomo Realty & Development Co Ltd (+220.50/+5.61%).

Losers include Kyowa Hakko Kirin Co Ltd (-24.00/-2.05%), Shionogi & Co Ltd (-60.00/-1.89%), Pioneer Corporation (-4.00/-1.78%) and Shiseido (-29.00/-1.69%).

Movers on the Nikkei include Mizuho Financial Group Inc, in a third straight week of strong trading, moved 170.70M shares closed up at ¥200.90 for a gain of (+1.46%), Mitsubishi UFJ Financial Group Inc in strong trading moved 65.61M shares to close up at ¥676.40 per share for a gain of (+4.24%), Tokyo Electric Power Co Inc in strong trading 41.16M shares ¥461.00 (+0.44%).

FTSE 100

London Markets, in strong trading, rallied with the American Markets and surged with a solid double digit gain closing up at 6545.27 with a gain of (+79.27/+1.23%).

Gainers in the FTSE 100 include Tullow Oil PLC (+28.50/+7.18%), Tesco PLC (+10.00/+5.69%), Randgold Resources Ltd  (+182.00/+4.29%), BHP Billiton PLC (+52.50/+3.95%).

Losers include TUI AG (-38.00/-3.43%), SSE PLC (-57.00/-4.29%), Smiths Group PLC (-12.00/-1.11%).

Active on the FTSE 100 included Lloyds Banking Group moving 116.69M shares in strong trading bounced back into with mild gains for a tenth straight week to show closed up at €76.34 for a gain of (-1.29%), Vodafone Group PLC moved 52.14M shares, experiencing mild gains to place for a tenth consecutive week closed up at €225.8 with a gain of (+0.12%), and BP PLC, in light trading moved 44.40M shares to close up at €414.40 for a gain of (+2.94%).

Hang Seng Index

The Hang Sang Index, always a roller coaster, roared back with record trading keeping in step with the Asian Markets as the Japanese Nikkei 225 and the Shanghai Composite markets performed solidly. The Hang Seng, in intense trading, closed up at 23,116.63 with triple digit gains of (+284.63/+1.25%).

Gainers on the Hang Seng Index include China Mengniu Dairy Co Ltd (Hong Kong) (+0.95/+3.40%), Tencent Holdings Ltd (Hong Kong) (+3.80/+3.40%), AIA Group Ltd (Hong Kong) (+1.35/+3.28%), Hutchison Whampoa Ltd (+2.25/+2.56%).

Active trading on the Heng Seng Hong Kong Index includes Bank of China Ltd moving, in intense trading for the fifth consecutive week, 392.41M shares closing up HK$4.17 (+0.72%) and Industrial and Commercial Bank of China Corp also in intense trading moved 395.78M shares closing up at HDK$5.37 with a gain of (+0.72%), China Construction Bank Corp also in intense trading moved 417.18M shares to close up at HDK$6.12 (+0.99).

Losers for the week include Li & Fung Ltd (Hong Kong) (-0.19/-2.54%) China Resources Land Ltd (Hong Kong) (-0.44/-2.28%), China Overseas Land & Investment Ltd(-0.45/-2.06%) BOC Hong Kong Holdings Ltd (-0.30/-1.19%).

Source: Bing Finance



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