Wall Street closed flat last night ahead of important data this week, with Dow 10,000 still the line in the sand.
The lack of substance in Friday’s rally was shown up last night as Wall Street simply turned around and retraced. Dow down 140.
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
In the battle for the psychological Dow 10,000 level, last night the sellers won. Dow down 74.
The Japanese yen has strengthened to a 15-year high against the US dollar, putting pressure on the Bank of Japan to intervene.
Wall Street reversed another big fall on weak housing data last night as value seekers re-emerged. Dow up 19.
A snapshot of economist responses to today’s second quarter data on construction work done.
PFP Wealth’s Tim Price dismisses the notion of a bond “bubble”. Deflation is coming, he warns, and investors better pay attention.
A record plunge in existing home sales sent Wall Street scurrying last night. Dow down 133.
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.