Money News: DOW Jones Closes Sharply Down; World Markets Down

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The Dow Jones Industrial, unable to stabilize, suffered through a tumultuous week with strong reaction to world markets, the DOW pitched violently throughout the week and closed the trading week historically low with a devastating triple digit loss.

 The DOW opened Monday January 11, 2015, at 16,403.70. Monday’s performance gave no indication of the upcoming volatile shift in the market. The Dow closed Monday at nearly the opening of 16,398.57.

Stocks opened Tuesday sharply higher on the bounce at 16,572.58 and proceeded to fall throughout the day never gaining any ground and closing Tuesday minimally down at 16,516.22.

Stocks opened Wednesday with a small bounce at 16,556.35 and plummeted throughout the day falling 405 points to close at 16,151.41

Thursday stocks opened down falling an additional 58 points to 16, 093.30 before surging nearly 300 points to 16,379.31. The day, however, was early on Wall Street, and with more than five hours of trading remaining investors and traders were quietly optimistic and silently praying the worst was over.

By end of day the market closed without much shaking at 16,379.05. Prayers stopping the bleed for the day were answered and short sighted. The market opened Friday down, dropping 353 points by 9:30am.

Sinking quickly the DOW continued to fall, hitting the week low of 15,891.55 at 12:30pm. A minor rally brought the DOW slightly back and fortunately the week and the hemorrhage was over.

The DOW closed the trading week down with a dramatic triple digit loss at 16,988.08 (-390.97/-2.39%). The DOW held a day range of 15,842.11-to-16,354.33.

Gainers include Wynn Resorts Ltd (+6.87/+13.34%) with a closing price of $58.37 per share, Ollie’s Bargain Outlet Holdings Inc closing up at $18.82 per share for a gain of (+1.09/+6.15%), Cal-Maine Foods Inc closing up at $49.39 price per share (+2.42/+5.15%) and Progress Software Corporation closing up at $26.23 per share for a gain of (+1.22/+4.88%).

Losers for the week include VelocityShares Daily Inverse VIX ST ETN closing down at $18.44 per share for a loss of (-2.06/-10.05%), Radius Health Inc closing down at $40.87 with a loss of (-4.55/-10.02%), Universal Display Corp (-4.79/-9.59%) with a closing price of $45.16 and Proshares UltraPro QQQ (-8.27/-9.12%) with a closing price of $82.44.

Active for the week included Apple Inc in solid trading for the week moved 79.83M shares closing up at $97.06 per share with a loss of (-2.47%), Intel Corp, in strong trading moved 76.37M shares, to close down at $29.76 per share with a loss of (-9.10%), Microsoft Corp in strong trading moved 71.82M shares, closing down at $50.99 per share for a loss of (-3.99%), Cisco Systems Inc in medium trading moved 64.09M shares closing down at $23.62 per share with a loss of (-4.22%).

The NASDAQ closed down at 4,488.42 for a loss of (-126.59/-2.74%).

The S&P 500 also closed down at 1,880.33 for a loss of (-41.51/-2.16%).

World Markets

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

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

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 down.

Nikkei 225

The Japanese Nikkei 225, the stock market index for the Tokyo Stock Exchange, fought the bear throughout the week wrestling against the deep cuts with strong rallies and fared better, although still closed down, then most world markets.

Stocks opened Tuesday down at 17,392.07 and proceeded to fall throughout the day closing Tuesday at 17,218.96.   

Wednesday the Nikkei opened up on the bounce at 17,510.01, gaining nearly 300 points. Able to sustain the rally was enough to sustain a strong showing throughout the day. The Nikkei closed Wednesday ta 17,715.63, the week high and a gain of 497 points.

The Nikkei opened Thursday down, falling sharply, at 17,140.68 a loss of 674 points. The hemorrhage continued throughout the day hitting the week low, 16,969.32, in early afternoon.

An afternoon rally brought the Nikkei back to a respectable 14,240.95 where it closed.

Friday the Nikkei opened up on the bounce at 17,518.11 unable, however to sustain the rally, the Nikkei plummeted and fell sharply throughout the day closing the week down. The Nikkei closed the trading week down at 17, 147.11 with double digit loss of (-93.84/-0.54%). 

Gainers for the week include Sharp Corp (+16.00/+14.68%), Nippon Express Co Ltd (+19.00/+3.71%), Comsys Holdings Corp (+44.00/+2.79%), Aeon Co Ltd (+42.00/+2.76%).

Losers include Kawasaki Heavy Industries Ltd (-26.00/-6.55%), Pioneer Corp (-14.00/-4.81%), IHI Corp (-13.00/-4.50%) and Unitika Ltd (-2.00/-3.92%).

Active on the Nikkei 225 include Sharp moving, in strong trading 187.60M share to close up at ¥125.00 for a gain of (+14.68%), Mizuho Financial Group Inc, in 55 straight weeks of strong trading, moving 140.85M shares to close down at ¥222.40 for a loss of (-1.16%), Mitsubishi UFJ Financial Group Inc in medium trading moved 67.69M shares to close down at ¥672.00 for a loss of (-1.61%), Unitika Ltd in soft trading, moved 45.62M shares for a loss of ¥49.00 for a loss of (-3.92%).

FTSE 100

London Markets pitched violently throughout the week, with strong rallies and sharp declines, each day erasing the gain from the previous, the London Market closed the week down.

Opening down on Monday at 5,896.86, the market quickly rallied 40 points and immediately fell 38 points which ruled the week on the London Markets. The short morning rally was followed by the afternoon rally/decline pattern and the London Markets closed the day at 5,871.83.

The FTSE opened Tuesday up with a mild bounce, followed immediately with a stronger rally, peaking mid-afternoon at 5,976.17 before a decline set in and the FTSE closed the day down at 5,928.40.  

Wednesday’s opening, at 5,991.36, by early morning the FTSE peaked at 6,006.28, the week high, and immediately fell into the pattern of rally decline and the market plummeted closing Wednesday at 5,960.97.

Thursday’s opened low at 5,848.18 and itched rally/decline throughout the day closing up at 5,918.23.

The hope was short lived as the FTSE opened Friday down and proceeded to fall throughout the day, Friday the FTSE hit the week low, 5,770.61, late in the afternoon and despite a mild rally the London Markets couldn’t regain a solid standing.

The London Markets closed down at 5,804.10 with triple digit loss of (-114.13/-1.93%).

Gainers in the FTSE 100 include Randgold Resources Ltd (+158.00/+3.74%), Shire PLC (+49.00/+1.19%), Admiral Group PLC (+19.00/+1.18%), Next PLC (+70.00/+1.05%).

Losers include Anglo American PLC (-30.20/-11.49%), Glencore PLC (-5.12/-6.51%), BHP Billiton PLC (-42.00/-6.39%), and Hargreaves Lansdown PLC (-83.00/-6.37%).

Active on the FTSE 100 included Lloyd Banking Group PLC moving 246.97M shares in strong trading, closed down at €64.71 for a loss of (-2.74%), Glencore PLC, in strong trading, moved 108.74M shares to close down at €73.50 per share for a loss of (-6.51%), Vodafone Group PLC in strong trading moved 76.36M shares to close down at €216.25 for a loss of (-1.79%), BP PLC, in medium trading moved 53.84M shares to close down at €338.15 per share for a loss of  (-2.15%).

Hang Seng Index 

The Hang Seng Index opened the trading week up at, 19,997.42, experienced and impressive mid-week rally that nearly pulled the Hang Seng out of the bear’s grasp, a dramatic fall stunned the market into the week lows

The Hang Seng opened Monday at 19,997.42 and immediately fell slightly and remained on a steady slight decline throughout most of the day closing bell the day at 19,882.62.

A slight bounce on Tuesday opened the Hang Seng up 118 points at 20,030.03. The rally was short lived and the Hang Seng fell throughout day closing at 19,711.76.

Wednesday stocks opened up on the bounce 20,028.86 gaining 315 points. The Wednesday rally continued with the Hang Seng hitting the week high of 20,200.84 early afternoon. Unable to sustain the market began to decline, slightly at first then plummeting into an abyss closing the day out at 19,934.88.

Thursday the Hang Seng opened down at 19,578.92 followed by a rally that regain 240 points lost.

Friday the market opened down and continued to decline throughout the day the Hang Seng closed the week down with triple digit losses.

The Hang Seng closed down at 19,520.77 with triple digit losses of (-296.64/-1.50%).

Gainers on the Hang Seng Index include MTR Corp (Hong Kong) (+0.15/+0.41%), CLP Holdings Ltd (+0.25/+0.40%).

Losers for the week include Kunlun Energy Co Ltd (-0.30/-5.21%), China Petroleum & Chemical Corp Ltd (-0.19/-4.50%), CITIC Ltd (-0.52/-4.38%), Belle International Holdings Ltd (-0.23/-4.24%).

Active trading on the Hang Seng Hong Kong Index includes Bank of China Ltd, in strong trading moved 473.49M shares to close down at HK$3.04(- 2.25%), China Construction Bank Corp, in strong trading, moved 368.42M shares to close down at HK$4.73 (-1.87%), Industrial and Commercial Bank of China, in strong trading, moved 243.19M shares to close up at HK$4.05 (-2.41%),  China Petroleum & Chemical Corp, in strong trading moved 139.72M shares to close down HK$4.03 (-4.50%).

Source: Bing Finance

 

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