A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Wall Street hung slightly lower all session on little volume. Dow down 5. (Locked for subscribers until 10:00 AEST)
Tuesday night saw weak economic data and earnings, and last night saw the opposite. Reverse everything, Dow up 44.
A snapshot of economist responses to today’s June retail sales and dwelling approvals data, both numbers coming in softer than the market had expected.
Not too negative data had Wall Street on the fly on thin volume last night with metal prices following suit. Dow up 208.
Barclays notes seasonal trends are positive for Australian equities and oil prices in August, but the Australian dollar tends to find the going a bit tougher.
Neither the buyers or the sellers can gain the upper hand in this market as a rollercoaster ride ends with the Dow down 30.
Having stalled on Tuesday, Wall Street could only drift off last night with little positive impetus ahead of Friday’s GDP release. Dow down 39. (Locked for subscribers until 10:00 AEST)
Mixed earnings reports and economic data left Wall Street poised at a point of indecision last night. Dow up 12. (Locked for subscribers until 10:00 AEST)
Strong guidance from FedEx and better than expected data have taken Wall Street to a critical technical level. Dow up 100.