Money News: Bear, Bull Split World Markets

AddThis Social Bookmark Button

The Dow Jones Industrial and the NASDAQ successfully fought off the encroaching bear market while the S&P500 fell as the bear split the ten most watched global markets with no obvious pattern as usually aligned U.S. markets fell.

The DOW opened Monday at 17,723.60. Trading remained steady throughout the day Monday and produced a steady rally through Tuesday with the week of 17,971.10 high hitting mid-afternoon Tuesday.

Unable to sustain the high, the DOW pitched with small rallies and declines throughout the remainder of the week. A Friday rally managed to keep the DOW from slipping and the DOW closed the trading week up.

The DOW closed the trading week up with double digit gains at 17,910.33 (+46.90/+0.26%). Opening at 17,855.22. The DOW held a day range of 17,768.60-to-17,912.04.

Gainers include Goldman Sachs Group Inc (+7.13/+3.71%) with a closing price of $199.19 per share, JPMorgan Chase & Co closing up at $68.47 per share for a gain of (+2.02/+3.04%), Walt Disney Co (+2.71/+2.49%) with a closing price of $115.70 per share, and E I du Pont Nemours & Company closing up at $66.15 per share for a gain of (+1.30/+2.00%).

Losers for the week include UnitedHealth Group Inc closing down at $114.80 per share for a loss of (-1.44/-1.24%), Procter & Gamble Co closing down at $75.56 with a loss of (-0.87/-1.13%), Coca-Cola Co (-0.39/-0.92%) with a closing price of $41.95 and Verizon Communications Inc (-0.43/-0.92%) with a closing price of $45.78.

Active for the week included General Electric Co in heavy trading moved 85.10M shares closing up at $29.95 per share with a gain of (+0.91%), Apple Inc, in medium trading moved 29.21M shares, to close up at $121.06 per share with a gain of (+0.13%), Pfizer Inc in steady trading moved 26.96M shares, closing down at $33.93 per share for a loss of (-0.69%), Microsoft Corp in light trading moved 25.49M shares closing down at $54.93 per share with a loss of (+1.01%).

The NASDAQ closed up at 5,147.12 for a gain of (+19.38/+0.38%).

The S&P 500 also closed down at 2,099.20 for a loss of (-0.73/-0.03%).

World Markets

The ten most watched world markets closed the trading week with a 60/40 split. The DOW Jones Industrial and the NASDAQ closed up while the S&P500 closed down.

The Americas Markets split with Mexico’s IPC closing up and Canada's S&P TSX Composite closing down.

The three Central European Markets split also with London's FTSE 100 closing down and the CAC 40 of France and Germany's DAX closing up.

The Asian Markets also split evenly with Japan’s highly traded Nikkei 225 closing up and the Shanghai Composite also closing up. Hong Kong’s Hang Seng and the SENEX of India closed down.

Nikkei 225

The Japanese Nikkei 225 opened the trading week up (19,194.34) and after a week of mostly strong rallies and sharp early declines managed to end the week with solid triples digit gains.

By 9:00 Monday, barely past the opening the Nikkei fell sharply and continued throughout the day. By 3:00PM the Nikkei lost more than 400 points, and closed the trading day at 18,683.24 for a 511.10 loss.

Fueled by a strong opening bounce, the Nikkei began Tuesday at 19,000.39 and continued to rally throughout the week.

With only small declines the Nikkei began an impressive rally that continued through 2:30PM Friday when the Nikkei reached the week high of 19,285.18. A small decline, shifting in the market, throughout the afternoon, saw minimal losses and the Nikkei fell slightly closing the trading week up.

The Nikkei closed the trading week up at 19, 265.60 with triple digit gains of (+149.19/+0.78%). 

Gainers for the week include Sumitomo Osaka Cement Co Ltd (+41.00/+8.69%), Terumo Corp (+190.00/+5.19%), Kubota Corp (+92.00/+4.92%), Minebea Co Ltd (+63.00/+4.52%).

Losers include Mitsumi Electric Co Ltd (-115.00/-15.46%), Sumco Corp (-182.00/-14.60%), Oki Electric Industry Co Ltd (-130.00/-7.%) and Nippon Paper Industries Co Ltd (-151.00/-6.90%).

Active on the Nikkei include Mizuho Financial Group Inc, in 46 straight weeks of strong trading, moving 92.14M shares to close up at ¥248.80 for a gain of (+0.24%), Unitika Ltd in medium trading, moved 46.00M shares to close down at ¥59.00 for a loss of (-1.67%), Oki Electric Industry Co Ltd in light trading moved 40.58M to close down at ¥158.00 for a loss of (-7.60%), Mitsubishi UFJ Financial Group Inc in medium trading moved 35.89M shares to close up at ¥788.60 for a gain of (+0.64%).

FTSE 100

London Markets began the week up, opening Monday at 6,334.38 and immediately began a two day solid rally through close of trading Tuesday.

A 437 point bounce rallied the FTSE to a respectable Wednesday open of 6,420.40. Fighting, the FTSE was unable to sustain and by close of trading Wednesday the FTSE had slipped slightly by 8points.

Thursday’s opening experienced the brunt of the decline at 6,378.54 a loss of 442 points. Small rallies and sharp declines followed the market for the remainder of the week and the FTSE closed the week with mild double digit losses.

The London Markets closed down at 6,353.83 with double digits loss of (-11.07/-0.17%).

Gainers in the FTSE 100 include InterContinental Hotels Group PLC (+165.00/+6.32%), CRH PLC (+65.00/+3.62%), International Consolidated Airlines Group PLC (+20.05/+3.45%), Inmarsat PLC (+29.50/+3.03%).

Losers include BHP Billiton PLC (-59.10/-5.72%), Glencore PLC (-6.10/-5.02%), Randgold Resources Ltd (-162.00/-3.93%), and National Grid PLC (-35.80/-3.86%).

Active on the FTSE 100 included Lloyds Banking Group PLC moving 81.14M shares in strong trading, closed up at €73.69 for a gain of (+1.08%), Glencore PLC, in strong trading, moved 88.94M shares to close down at €115.85 per share for a loss of (-4.65%), Barclays PLC in medium trading moved 54.79M shares to close up at €232.40 for a gain of (+1.86%), HSBC Holdings PLC, in light trading moved 34.93M shares to close up at €527.80 per share for a gain of (+2.11%).

Hang Seng Index 

The Hang Seng Index opened the trading week at the week high (22,502.28) and immediately began a slow, steady rally followed by an immediate decline closing out Monday’s trading barely above of the week low of 22,336.88.

Tuesday’s bounce brought the Hang Seng back with a 269 point gain at 22,603.15. Sustaining the rally the Hang Seng bounced again to 22,737.44 at Wednesday opening which gave way to a strong rally and the week high of 23,285.21.

Unable to sustain the bounce the Hang Seng slowly declined which ended with the Hang Seng closing the week out down.

The Hang Seng ended the trading week down with triple digit losses.

The Hang Seng closed down at 22,867.33 with a loss of (-183.71/-0.80%).

Gainers on the Hang Seng Index include Tencent Holdings Ltd (+2.20/+1.44%), Hong Kong Exchanges and Clearing Ltd (+2.60/+1.24%), China Life Insurance Co Ltd (+0.25/+0.87%), Ping An Insurance (Group) Co. of China Ltd (+0.20/+0.44%).

Losers for the week include China Resources Power Holdings Co Ltd (-0.44/-2.56%), China Shenhua Energy Co Ltd (-0.34/-2.53%), China Petroleum & Chemical Corp Ltd (-0.14/-2.47%), CNOOC Ltd (-0.22/-2.39%).

Active trading on the Hang Seng Hong Kong Index includes China Construction Bank Corp, in heavy trading moved 270.14M shares to close down at HK$5.63 (-1.57%), Industrial and Commercial Bank of China, in heavy trading, moved 227.43M shares to close down at HK$4.87 (-2.01%), Bank of China Ltd, in strong trading, moved 225.74M shares to close down at HK$3.59 (-1.64%),

China Petroleum & Chemical Corp in medium trading moved 84.11M shares to close down HK$5.53 (-2.47%).

Source: Bing Finance

Haute Tease

  • Keynote Announcements from Sony, Yahoo and Cisco Plus Compelling SuperSessions Open 2014 International CES

    AddThis Social Bookmark Button

    LAS VEGAS, NV, January 8, 2014 – Major product launches from more than 3,200 exhibitors and keynotes from the leaders of Sony, Yahoo and Cisco opened the 2014 International CES® on Tuesday, January 7.

     
  • Beltway Insider: Obama, World, EU Reacts to Brexit; Brits Vote Leave; WV Floods; Whitey Bulger; Rio

    AddThis Social Bookmark Button

    President Obama maintained his campaign promise this week and designated the site of the Stonewall Uprising, in New York City’s Greenwich Village, the first National Monument in the fight for freedom to honor the broad movement of LGBT equality.

     
  • The Respondent, An Upcoming True Story by Greg Ellis, Hit Shelves in January

    AddThis Social Bookmark Button

    Greg Ellis, Emmy nominated actor in many of the biggest box office successes (the Pirates of the Caribbean series, J.J. Abrams' Star Trek, Titanic), has a mind-blowing story which includes psych ward lock ups, homelessness, and other humanizing tribulations.  

  • PosterSpy: An Alternative Movie Poster Collection Book Review – A Celebration of Movie Poster Artistry

    AddThis Social Bookmark Button

    PosterSpy: An Alternative Movie Poster Collection, from Schiffer Publishing, brings to the page's original artworks by more than fifty film connoisseurs who combines their artistic mastery and love of film to produce renditions of their favorite movie posters.

     
  • Paris Fashion: Ziad Nakad Presents Tiny Treasures Couture

    AddThis Social Bookmark Button

    The Fashion House of Ziad Nakad has continued, throughout the pandemic, to develop and create a collection of exquisite, refined, and elegant couture fashion and accessories. This season his magnificent touch designs fashions for the little princess.

     
  • The Big Hit (Un Triomphe) Review – Encore! A Feel-Good Comedy

    AddThis Social Bookmark Button

    The Big Hit, an AFI European Union Film Festival U.S. premiere, presents a feel-good comedy as an unlikely troupe of prison actors, led by an out of work director, become the most in-demand players around the country.

     
  • Le Réseau du Plus Fort

    AddThis Social Bookmark Button

    Des Gilets Jaunes à Bilal Hassani, les réseaux sociaux ont démontré toute leur puissance en relayant sans délai et dans l'anonymat le plus complet le message d'internautes soucieux de donner corps à leur voix.

     
  • OPUS Hotel: Experience Luxurious Euro Charm in the Heart of Vancouver

    AddThis Social Bookmark Button

    Nestled in the trendy Yale-Town section of Vancouver, British Columbia, OPUS Hotel offers its guests contemporary Euro charm with luxurious accommodations, complimentary champagne and magnificent amenities.

     
  • Kingdom of Shadows Review – Exposing the Human Toll of Drug Wars

    AddThis Social Bookmark Button

    Kingdom of Shadows, from Participant Media, Boiling Pot and Quiet Pictures, presents a stirring documentary that exposes the duality of drug smuggling through the eyes of a quiet nun, a convicted smuggler, and a hardened DEA/Homeland Agent looking back.

     
  • World News: EU Elections Quickly Approach with the Brits Doing the Hokey Pokey

    AddThis Social Bookmark Button

    As the vote to renew the eponymous parliament approaches, it appears that the European Union is struggling to establish a common thinking and ideology. A prejudicial deficiency that prevents her from advancing as she would like. Explanations.

     
  • HL Breaking News: Defense Secretary Chuck Hagel Resigning

    AddThis Social Bookmark Button

    President Obama is due to announce the resignation of Secretary of Defense Chuck Hagel, as early as Monday morning, according to unnamed White House sources close to the unfolding situation. Hagel has served in the top defense position since February 2013.

     
  • 911 Tapes Released In Sandy Hook Massacre

    AddThis Social Bookmark Button

    Ten days before the one year anniversary of the Sandy Hook massacre the community of Newtown, Connecticut will relive the tragedy as state officials released six 9-11 calls made the morning of December 14, 2012.

     
  • Chicago Arts: Expo Chicago Partners with Citywide Cultural Institutions for Annual Expo Art Week

    AddThis Social Bookmark Button

    The International Exposition of Contemporary and Modern Art announced the eighth annual EXPO ART WEEK, September 16 – 22, 2019, presented in conjunction with Choose Chicago, the city's tourism and marketing organization, and Chicago's Department of Cultural Affairs and Special Events.

     
  • Humboldt Broncos Tragedy Claims 16th Victim

    AddThis Social Bookmark Button

    Dayna Brons, 25, an Athletic Director for the Humboldt Broncos, has died as a result of injuries suffered when the Humboldt Broncos team bus was struck by a semi-trailer killing 15 team members instantly and injuring 14 others.

     
  • American Assassin Review – Fast Action, Solid, Gripping

    AddThis Social Bookmark Button

    American Assassin, from Lionsgate and CBS Films, presents a fast action, contemporary thrill ride through the inner sanctums of the CIA, Special Forces, and Black Ops Units, with an authentic solid, global terror, story line.