Once considered the global safe haven, the US bond market is facing a withdrawal of support. Such a withdrawal could derail global economic rescue plans.
Fears the US could lose its AAA rating sent everything lower in concert last night. Dow down 130.
An attempted rally was snuffed out last night as the Fed minutes showed a reduced GDP estimate and increased unemployment. Dow down 50.
Wall Street was indecisive last night as the Dow bounced around in a low range before closing down 30.
Pullback? Wall Street grasped positive housing data and the Indian surge last night to swing violently back to the upside. Dow up 235.
The rally since March has brought investors some very close correlations in asset classes and prices. Will they hold?
Wall Street retreats at the end of a down week as investors react to economic reports, a drop in oil and options expiration.
Wall Street posted a tentative rally last night on low volume. Dow up 46.
The US dollar has been the currency of refuge during the global financial crisis but in the view of TD Securities the yen may be next in line to assume that position.
The “less bad” theme took a hammering last night as US retail sales fell and mortgage foreclosures rose. Dow down 180.