The Dow managed to rise 38 points despite weak economic data, spurred on by the tech sector. The Nasdaq was up 1.5%.
The Dow lost 25 points in a volatile but thin session last night, following news the Chinese government had bought into Morgan Stanley.
Weekly musings by your editor. What lessons to learn from the Centro debacle and which shares to buy for the new year?
Will the stunning ECB liquidity injection be prove the initiative that finally unlocks global credit markets?
The Dow closed up 65 points after the ECB injected no less than US$500bn in two-week credit.
Wall Street’s mood has turned decidedly sombre as fears of a recession gain further traction. The Dow fell 172 points.
Unfortunately there’s still plenty to be worried about on the US economic data front this week.
The Dow fell 178 points last night on a higher than expected CPI and more general doom and gloom.
The Dow recovered from down 120 last night to close up 44 as traders attempted to digest economic data and other developments.
Will there be a last minute Christmas rush in the US, as usual? And how will the American consumer behave in 2008?