Money News: DOW Suffers Triple Digit Loss; London, Hong Kong Close Down; Nikkei, France, Rally

AddThis Social Bookmark Button

The DOW Jones Industrial Average, unable to shake the Bear possibilities, suffered massive triple digit losses pulling the NASDAQ, the S&P 500, down as the top three world market indicators took a hit marking a down turn in investment confidence.

The DOW performed steadily throughout the week but was unable to rally and posted high triple digit losses to close down at 17,856.78 (-278.94/-1.54%). Opening at 18,135.72, the DOW held a daily range of 18,825.15-to-18,135.72.

Pharmaceuticals performed well across the DOW leading the gainers for the week with technology stocks leading he losers.

Gainers include Finisar Corp (+1.90/+9.35%) with a closing price of $22.23 per share, Exact Sciences Corp (+2.07/+9.23%) with a closing price of $24.50 per share, KYTHERA Biopharmaceuticals Inc (+3.13/+6.26%) with a closing price of $53.13, Zynga Inc (+0.13/+5.39%) with a closing price of $2.54.

Losers for the week include Royal Gold Inc closing down at $63.03 per share down (-6.13/-8.86%), Andersons Inc closing down at $42.11 with a loss of (-3.25/-7.16%), Homeinns Hotel Group also closed down at $25.10 for a loss of (-1.85/-6.86%) and Randgold Resources Ltd closing down at $69.25 per share for a loss of (-4.27/-5.81%)

Active for the week included Apple Inc in medium trading moved 72.84M shares, closing down at $126.60 per share for a gain of (+0.17%), MicroSoft Corp moved 36.25M shares in light trading to down at $42.36 per share with a loss (-1.74%), Intel Corp in light trading moved 32.37M shares closing down at $33.19 per share with a loss of (-1.60%) and Micron Tecnology Inc in light trading moved 28.30M shares closing down at $28.50 per share with a loss of (-2.66%).

The NASDAQ closed down at 4,927.37 with a loss of (-55.44/-1.11%).

The S&P 500 also closed down at 2,071.26 for a gain of (-29.78/-1.42%).

World Markets

The ten most watched world markets experienced a 60/40 split as the North American Markets, including the DOW Jones Industrial, S&P500, NASDAQ, Canada’s S&P TSX Composite, Mexico’s IPC, London’s FTSE 100, the Asian’s Shanghai Composite and Hong Kong Hang Seng all closed down with Germany’s DAX, Japan’s Nikkei 225, the CAC 40 of France, and SENEX of India closing up.

Nikkei 225

The Japanese Nikkei 225, stayed steady throughout the week with small gains to close the trading week up, minimally, with minor double digit gains, at 18,797.94 for a gain of (+12.15/+0.06%). 

Gainers for the week include Sumitomo Dainippon Pharma Co (+175.00/+12.93%), UNY Group Holdings Co Ltd (+68.00/+10.21%), Ajinomoto Co Inc  (+173.50/+7.31%), Olympus Corp (+235.00/+5.63%).

Losers include Yahoo Japan Corp (-19.00/-3.92%), Sumitomo Metal Mining Co Ltd (-49.00/-2.51%), Tokyo Obayashi Corp (-17.00/-2.12%) and Kajima Corp (-10.00/-1.82%).

Active on the Nikkei include Mizuho Financial Group Inc, in twelve straight weeks of strong trading, moved 177.81M shares, enough for a rally, and closed up at ¥220.40 for a gain of (+1.24%), Mitsubishi UFJ Financial Group Inc in medium trading moved 72.45M shares to close up at ¥775.90 for a gain of (+2.48%). Also active on the Nikkei 225 were Unitika Ltd, in medium trading moved 51.58M shares to close up at ¥55.00 for a gain of (+1.85%) and Nippon Steel & Sumitomo Metal Corp also in light trading moved 32.72M shares to close up at ¥324.50 for a gain of (+1.12%).

FTSE 100

London Markets, rallied thought the week, although not enough to edge up and finished the trading week down with mid double digit losses to end the week 6911.80 with a loss of (-49.34/-0.71%).

Gainers in the FTSE 100 include Weir Group PLC (+72.00/+4.14%), ITV PLC (+5.90/+2.45%), Sports Direct International PLC (+9.50/+1.41%), London Stock Exchange Group PLC (+31.00/+1.29%).

Losers include Fresnillo PLC (-38.55/-5.23%), Randgold Resources Ltd (-247.00/-5.11%), Intu Properties PLC (-13.90/-3.84%) and Vodafone Group PLC (-6.75/-2.98%).

Active on the FTSE 100 included Lloyds Banking Group PLC moving 126.48M shares in strong trading to close up at €81.57 for a gain of (+0.78%), Vodafone Group PLC, in light trading moved 45.47M shares to close down at €219.50 per share for a loss of (-2.98%), Glencore PLC also in light trading moved 34.66M shares to close down at €289.00 for a loss of (-0.98%) and Barclays, in light trading moved 28.12M shares to close down at €265.35 per share for loss of (-0.24%).

Hang Seng Index

The Hang Sang Index, along with the Shanghai Composite, took the brunt of the Asian Market downturn, and in weak trading closed down with mid double digit losses.

The Hang Seng closed down at 24,164.00 with double digit losses of (-29.04/-0.12%).

Gainers on the Hang Seng Index include Lenovo Group Ltd (Hong Kong) (+2.17/+0.26%), AIA Group Ltd (Hong Kong) (+0.90/+1.89%), Want Want China Holdings (Hong Kong) Ltd (+0.09/+1.10%), Sun Hung Kai Properties Ltd (Hong Kong) (+1.20/+1.00%).

Active trading on the Heng Seng Hong Kong Index includes Bank of Chin Ltd , in intense trading, 240.06M shares closed down HK$4.21 (-0.47%), Industrial and Commercial Bank of China also in intense trading moved 225.30M shares closing down at HDK$5.41 (-0.37%), and China Construction Bank Corp in active trading moved 193.88M shares to close down at HK$6.17 for a loss of (-0.32%).

Losers for the week include China Unicorm Ltd (Hong Kong) (-0.38/-3.03), BOC Hong Kong Holdings Ltd (-0.45/-1.68%), Kunlun Energy Co Ltd (-0.12/-1.59%), CITIC Ltd (-0.18/-1.34%).

Source: Bing Finance

 

Haute Tease

  • Science News:The 25 Biggest Earthquakes Ever Recorded

    AddThis Social Bookmark Button

    Contrary to popular belief, floods and droughts kill more Americans than hurricanes or earthquakes. Globally, however, earthquakes comprise some of the deadliest natural disasters in history.  

  • Coming-Of-Age Drama Boy Erased Attracts All Star Cast Along with Nicole Kidman, Russell Crowe, Lucas Hedges With Director Joel Edgerton

    AddThis Social Bookmark Button

    Emmy and Tony Award winner Cherry Jones (“Transparent”, “24”)and Grammy Award winner Michael “Flea” Balzary, from the Red Hot Chili Peppers, join the cast of Boy Erased, the coming-of-age and coming-out drama from writer/director Joel Edgerton.  

  • AFI FEST 2014 presented by Audi Announces World Cinema, Breakthough, Midnight and Cinema's Legacy Sections

    AddThis Social Bookmark Button

    FOR IMMEDIATE RELEASE, LOS ANGELES, CA,October 22, 2014– AFI FEST 2014 presented by Audi, a program of the American Film Institute, announced today the remaining films that will screen in the World Cinema, Breakthrough,Midnight, and Cinema's Legacy programs. AFI FEST will take place November 6 through 13in Hollywood, CA, at the Dolby Theatre®, the TCL Chinese Theatres, the Egyptian Theatre and the Hollywood Roosevelt Hotel.

     
  • Organized Crime Boss James “Whitey” Bulger Convicted

    AddThis Social Bookmark Button

    James “Whitey” Bulger, the organized crime boss who fled Boston and lived 16 years as a fugitive, was convicted of murder, extortion, money laundering, drug dealing and gun possession.

     
  • Colorado Flooding Surpasses All Records

    AddThis Social Bookmark Button

    After seven days of rain, Colorado is bracing for the recovery effort in the wake of an apocalyptic storm that left a total of eight dead, hundreds unaccounted for and homes, buildings, bridges and roads washed away.

     
  • Meryl Streep, Robert De Niro to Star in FilmNation Entertainment's The Good House

    AddThis Social Bookmark Button

    New York, NY –FilmNation Entertainment has acquired the rights from Jane Rosenthal to New York Times Bestseller The Good House by Ann Leary.  Pulitzer Prize winner Michael Cunningham is set to adapt the project. Attached to star are Academy Award winners Meryl Streep, who previously collaborated with Cunningham on "The Hours," and Robert De Niro, making this the fourth film Streep and De Niro will appear in together.

     
  • Saban Films Takes U.S. Distribution Rights To Ethan Hawke Action/Thriller “24 HOURS TO LIVE”

    AddThis Social Bookmark Button

    Saban Films has acquired the U.S. distribution rights to Brian Smrz's 24 Hours to Live, starring Academy Award® Nominee Ethan Hawke (Boyhood, Magnificent Seven and Golden Globe® Winner Rutger Hauer (Blade Runner, Batman Begins).