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

  • 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).

     
  • Angela Lansbury and Lawrence Kasdan To Receive Honorary Degrees From The American Film Institute Conservatory

    AddThis Social Bookmark Button

    The American Film Institute (AFI) announced it will confer Doctorate of Fine Arts degrees honoris causa upon actress Angela Lansbury and writer, director and producer Lawrence Kasdan. The honors will be given during the AFI Conservatory's commencement ceremony on June 10, 2015 at the historic TCL Chinese Theatre.

     
  • Capturing the Final Frontier: NASA Animation and the Movies

    AddThis Social Bookmark Button

    The Science and Technology Council of the Academy of Motion Picture Arts and Sciences, recently presented Capturing the Final Frontier: NASA Animation and the Movies, a tribute to Hollywood’s love affair with Space and the worlds beyond.

     
  • Ten Documentary Shorts Advanced to the Oscar 2015 Shortlist

    AddThis Social Bookmark Button

    The Academy of Motion Picture Arts and Sciences today announced that the field of Documentary Short Subject contenders for the 88th Academy Awards® has been narrowed to ten films, of which five will earn Oscar® nominations.  

  • HL Auto: The Ten Most Affordable Luxury Cars

    AddThis Social Bookmark Button

    There are many appealing aspects of luxury cars, including the prestige of ownership, the superior craftsmanship and exceptional performance. However, for prospective buyers, the main detriment with luxury models concerns their hefty price tags.

Crime

  • Theater Shooter Charged; Prosecutor Plans Two Fold Strategy

    AddThis Social Bookmark Button

    Accused theater shooter James Holmes was officially charged for the crimes committed during the midnight screening of the Warner Bros film, "The Dark Knight Rises."

     
  • The Grim Sleeper, The South Central Serial Killer, Is Convicted

    AddThis Social Bookmark Button

     

    Lonnie Franklin, Jr., The Grim Sleeper Serial Killer, was convicted of ten counts of murder and one count of attempted murder after three decades since his killing spree began, and may face the death penalty when the sentencing phase concludes.

     
  • Manhunt Continues in Upstate New York Prison Break

    AddThis Social Bookmark Button

    Residents in the tiny town of Dannemora, New York, remain on edge as two violent prisoners, in a daring escape from the maximum security Clinton Correctional facility have managed to elude capture for a second consecutive day.

     
  • Eight Dead, including Six Children, in Texas Home Invasion Mass Murder

    AddThis Social Bookmark Button

    Six children and two adults have been found shot to death, execution style, inside a Harris County, Texas home after a twelve hour standoff that ended after hostage negotiators talked the suspect into surrendering.

     
  • Columbia Rape Accuser Continues Protest Project

    AddThis Social Bookmark Button

    Columbia University rape accuser Emma Sulkowicz, determined to have her accused rapist suspended from the Ivy league University maintained her vigil of protest, and carried a mattress the symbol of the weight and burden rape victims carry daily to the 2015 Class Day Ceremonies.

Theatre, Music, Books

  • HL London: Mick Jones Opens Library; Releases Limited Edition Instrumental Album

    AddThis Social Bookmark Button

    Mick Jones of The Clash, one of the most established and respected figures in British pop music, has opened his Rock and Roll Public Library as part of the 56th Venice Biannale releasing a very limited edition of up tempo instrumentals called 'Ex Libris'.

     
  • Blue Man Group Review - Fresh, Fun, Loud and Messy

    AddThis Social Bookmark Button

    I had seen the famed Blue Man Group Las Vegas show before albeit more than a decade ago. Even so, I recently proceeded to secure tickets to see what has since become a Vegas entertainment staple. I wondered how, or if, this show had evolved so it would seem fresh and new the second time around.

     
  • Something Rotten Review – Raucous Surprises, a Roaring Good Time

    AddThis Social Bookmark Button

    Something Rotten!, Broadway’s newest musical, is so fun it's hard to say for sure who was having a better time at the St. James Theater the other night, the audience or the actors and musicians on stage.  

     
  • 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.

     
  • The Orphan Keeper Review – Astounding, Inspirational, Remarkable

    AddThis Social Bookmark Button

    The Orphan Keeper, from Shadow Mountain Publishing, tells an epic story of a boy kidnapped from India, sold to an orphanage and adopted to the United States over 8,000 miles away and the miracle that would follow.