Wall Street took a breather as capital raisings began to become the order of the day. Dow down 150.
Markets rallied after the votes were counted on the stress test and the message was clear: investors aren’t that stressed.
Wall Street took profits last night ahead of the stress test results which came out after the bell. Dow down 100.
A surprising jobs report and more leaks of stress test results sent Wall Street onward ever upward last night. Commodities surged. Dow up 100.
The ASX 200 might be up 25% since early March but commodity prices have been recovering since late last year. Do we really believe the global economy is about to bounce back into rude health?
Wall Street hung on to Monday’s gains but remains nervous ahead of the stress test results. Dow down 16. (Locked for subscribers until 10:00 AEST)
It was a rocky day of trading, but one thing was clear, investors weren’t ready just yet to abandon this bear market rally in order to sell in May and then go away.
Recent gains in the Rio Tinto share price mean one of the conversion milestones of the Chinalco proposal has been breached, increasing the chances an alternative to the original deal emerges.
The S&P 500 finished up 9.4% for the month. Dow down 17 on the night.
Wall Street shook off an ugly GDP and clutched on to the Fed statement last night. Dow up 170.