Daily Market Reports

Another 368 points in the Dow. Heavy volume. The world awaits.

The US Treasury has a plan that will involve rescuing the entire financial system, not just those institutions which look like failing. A snap short-covering rally sent the Dow up 410 points. (Locked for subscribers until 10:00 AEST)

Fear gripped Wall Street last night as corporate bond markets crashed and investors rushed out of equities and into Treasuries and gold. The Dow was down 450 and gold up over US$80.

AIG may go the way of Fannie and Freddie. Fed leaves the cash rate unchanged. Strong results from remaining investment banks. Dow up 141.

The Dow fell 500 points to new lows as AIG nears bankruptcy. Oil fell over US$6 as commodities (but not gold) are again shattered.

The world is watching as the US financial system battles through more casualties. Lehman Bros will soon be no more and the same can be expected from Washington Mutual.

The Dow posted a 334 point turnaround from low to high last night as Lehman Bros directed market sentiment.

The Dow was up 38 points last night as the market had a bit of a rest.

While stocks around the globe jumped over 3% yesterday, the US broad market S&P 500 managed only 2% in a wild session. The bulls and bears are in a face-off.

Wall Street recovered from an opening loss on Friday following weak jobs data and the pre-emptive Thursday rout.