Daily Market Reports

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.

Oil is out, financials are in. US shares broke a six week losing streak. At least, if you focus on the Dow and forget about technology.

The Dow jumped another 207 last night as oil fell another US$5 and JP Morgan played the star.

The moratorium on short-selling had its effect last night as traders rushed to cover positions in financials. Oil fell another US$4 and the Dow shot up 276.

The Dow closed down 92 in another volatile session which saw oil fall over US$6.

An early rally spurred by Fannie and Freddie failed last night as traders realised the overall implications. Regional banks were crucified. The Dow fell 45.

The Dow closed down 128 having been down 250 on rumours surrounding the US mortgage lenders and Israeli jet fighters.

The Dow rose 81 points in other volatile session as oil spiked suddenly and financials stared death in the face.