Daily Market Reports

It was a whole lot of not much on Friday as oil edged lower and the Dow higher, with gold the only real casualty.

Wall Street traders awoke on Thursday morning and realised Wednesday was all just a dream. Last night it was back to dollar up, commodities down, and an 82 point rally in the Dow.

More financial sector downgrades helped the Dow fall 100 points but a sharp snap-back in the oil price saw all commodities turn markedly.

The Dow fell 140 as the financial sector spell was broken and reality brought Wall Street back to earth.

Gold crashed over US$30 last night and oil fell again despite the conflict in the Caucuses. The Dow hung on to a 48 point gain.

The US dollar soared on Friday, sending oil and all commodities crashing, and the Dow up 300 points.

The Dow fell 224 last night as several component stocks were hit with various pieces of bad news.

Freddie Mac posted a loss three times bigger than expected last night, and the Dow closed up 40.

Falling oil, positive data and earnings spurred on Wall Street last night. The Fed provided the kicker with a “no change” to rates. The Dow jumped 331 points.

The Dow fell 42 points following big falls in commodity prices including oil, metals and gold.