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

  • The Academy Announces First Slate of Presenters and Performers For 88th Oscars®

    AddThis Social Bookmark Button

    Oscars® producers David Hill and Reginald Hudlin announced today the first slate of presenters for the 88th Oscars telecast. The Oscars, hosted by Chris Rock, will air live Oscar®Sunday, February 28, on ABC.    

  • Danny Kaye Sandwich To Join Carnegie Deli Menu

    AddThis Social Bookmark Button

    Iconic entertainer and humanitarian Danny Kaye will be honored, Monday, April 29, as his namesake sandwich joins the menu of the famed NYC staple in his Centennial year. Media are welcome and encouraged to attend.

     
  • Marina Kitchen Restaurant Review – Modern Comfort at the San Diego Marriott Marquis

    AddThis Social Bookmark Button

    Central to a new food and beverage experience at the scenic San Diego Marriott Marquis & Marina is Marina Kitchen a restaurant that serves up quintessential Southern California fare with distinctive "modern comfort food" flair.

     

     
  • Celebrity Photos: Reba Merrill Reports - Behind The Glam, Glitz and Glitter of Awards Season

    AddThis Social Bookmark Button

    In Hollywood, November through February is the most wonderful time of the year. In addition to holiday happenings it is the time of the year when Awards Season begins and the most interesting films open along with reminders of earlier great releases.

     
  • Celebrity Real Estate News: Robert De Niro’s Sprawling West Village Duplex Penthouse Reduced

    AddThis Social Bookmark Button

    The Brentmore, New York’s West Village gem, has been home to celebrities for over a half century with the first being Oscar winning actress Celeste Holm. It remains the choice for legends of film, stage, screen and music including Billy Joel, Sting, Annie Leibovitz and Robert De Niro.

Crime

  • Ariel Castro Accepts Plea Deal; Sentencing Hearing Scheduled

    AddThis Social Bookmark Button

    Ariel Castro, the Cleveland man who held three women captive in his East side residence for over a decade, has accepted a plea deal arrangement sentencing him to life in prison plus 1000 years. 

     
  • People Exclusive: Father of Teen Missing Since 2009 Whom FBI Has Declared Was Held Captive and Murdered: 'I'm Begging Anyone To Help Us Bring Her Home'

    AddThis Social Bookmark Button

    For seven long years, Chad and Dawn Drexel have waited for news about what happened to their 17-year-old daughter, Brittanee Drexel, who vanished during a spring break trip to Myrtle Beach, South Carolina, in 2009. 

     
  • Oregon School Shooting Brings Total to 74 Since Sandy Hook Massacre

    AddThis Social Bookmark Button

    Freshman Emilio Hoffman was shot and killed when a lone gunman entered Reynolds High School in Troutdale, Oregon, yesterday, and opened fire killing the 14 year old before turning the gun on himself.

     
  • Murder Suspect James DiMaggio Killed in FBI Shootout

    AddThis Social Bookmark Button

    James Lee DiMaggio, the man suspected of kidnapping Hannah Anderson and murdering her mother and brother has been killed in a shootout with law enforcement officers in the Cascade Mountains of Idaho.

     
  • Two Majors Cities Hit With Mass Shooting Scares in One Day

    AddThis Social Bookmark Button

    Three days after a TSA agent was killed at LAX during a Mass Shooting, the Westfield Garden State Mall in Paramus, New Jersey and Central Connecticut State University Campus were both targeted by deranged individuals.

Theatre, Music, Books

  • The Fifth Letter Review - Page Turning Legal Thriller

    AddThis Social Bookmark Button

    The Fifth Letter, a novel by research scholar Dr. Vivian Carpenter, introduces Katherine Helena Ross, the first black female Supreme Court justice caught between her conscience and political expedience when forced to consider the most important question facing the U.S. Supreme Court today: Who is a person with inalienable rights?  

  • Plug Research Releases the Highly Anticipated Coultrains Jungle Mumbo Jumbo Project

    AddThis Social Bookmark Button

    On April 23rd, appreciators of soul, jazz & beat music alike rejoice as Coultrain releases his long-awaited new project, Jungle Mumbo Jumbo. Perhaps best known for his work as one half of Hawthorne Headhunters (alongside Black Spade), or as the once lead singer of Waajeed's Platinum Pied Pipers - this release marks Train's first proper solo album on a label

     
  • An A-List Line-Up of the Most Acclaimed African American Talent Join For One Night Celebrating the Spoken Word with Music and Dance

    AddThis Social Bookmark Button

    WordTheatre’s Storytales: Featuring celebrities performing stories from acclaimed African-American author John Edgar Wideman’s literary anthology ‘Briefs’ at the Ford Amphitheatre Saturday October 6, 2012.

     
  • Joshua Tree Spring Music Festival - A Global Experience in the Magical Mojave

    AddThis Social Bookmark Button

    Merging its funky desert style with an internationally acclaimed lineup of musical artists, this three day (and four night) family-friendly festival is truly a global music experience. The 13th Annual Spring Joshua Tree Music Festival melds the overwhelming spirit of desert freedom with powerful music from around the world to create a lighthearted oasis for music lovers.

     
  • HL A&E Presents The Best Summer 2016 Music Festivals, by the Numbers

    AddThis Social Bookmark Button

    Every year, thousands of people flock to church. The devotees pray in flower crowns and straw hats, fringe-laden vests and neon body paint. They are the congregation of music lovers, gathering from many different corners of the world to worship at the summer’s many music festivals.