Daily Market Reports

Weak economic data from Europe, the UK and China added to US woes on Friday despite a slightly better than expected jobs number. The Dow fell 51.

A weaker than expected GDP set the tone but half last night’s 200 point fall occurred in the last half hour on end-of-month scrambling.

Oil jumped over US$4 last night but the Dow rallied 186. You don’t see that every day.

The magic price is 22 cents in the dollar, enough to send the Dow up 266 aided by another US$2 fall in oil.

The financial sector led the Dow down 240 points last as the IMF declared no end in sight to housing woes.

Some better economic data saved Wall Street from further destruction on Friday, although attempts to rally were mostly snuffed out. The Dow closed up 21.

The financial sector collapsed last night as a worst than expected home sales figure snapped the market out of its trance. The Dow fell 283.

Oil fell another US$4 last night, three Dow stocks “beat the Street”, but the Dow managed only to stagger up 30.

The Dow closed up 135 on its late rally last night following news that sent oil falling and financials soaring.

B of A beat the Street but failed to ignite the market for a second week as oil bounced. The Dow was down 30 but there were some very poor aftermarket results.