The Dow added 50 points last night but the S&P 500 was lower.
Wall Street took a breather as capital raisings began to become the order of the day. Dow down 150.
The Aussie dollar could well run further in the short-term against the greenback but both ANZ and Westpac believe the rise is unlikely to be sustained.
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.
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)
The S&P 500 turned positive for 2009 last night as healthy economic data fuelled further optimism. Dow up 200. (Locked for subscribers until 10:00)
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.
The S&P 500 finished up 9.4% for the month. Dow down 17 on the night.