The passage of the healthcare bill sparked a rally on Wall Street not all were expecting. Dow up 43. (Locked for subscribers until 10:00 AEDST)
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
The Dow posted its eighth straight rise last night, adding another 45 points despite a flat S&P 500.
Ongoing momentum saw the Dow at a new one-year closing high last night, up 47.
The Fed’s broken record was enough to send the S&P through its 1150 resistance level last night. Dow up 43.
Mixed data and uncertain external influences meant another low volume, low volatility session on Wall Street last night. Dow up 17
If my personal observations are correct, the overall market bias has shifted to a positive outlook for equities.
Citigroup’s successful preferred issue has provided relief, but stocks are still struggling to find impetus despite a late burst. Dow up 44.
The Dow went nowhere while the S&P and Nasdaq headed north last night. A new phase? Dow up 3.
On the anniversary of the market bottom, Wall Street is looking for direction. Dow up 11.