It was another soft night on the Street, spurred on by broker downgrades across the financial sector.
Don’t think the Fed is the only central bank having to make tough decisions.
The Dow gave back 57 points in quiet Monday trade.
Barclays Capital’s monthly analysis of seasonal trends shows the December rally in equities is not just a myth, while aluminium prices generally perform and the euro gains.
The US Treasury reveals plans to freeze reset mortgages as the Dow posts up-day number four.
The Dow did not race up again last night but nor did it race down.
After Abu Dhabi changed the mood on Tuesday, last night the Fed started hinting at a rate cut. Suddenly the market began looking very short – 331 Dow points short.
An Arab capital injection into Citigroup has turned the market on its head. The Dow rallied over 200 points.
The Dow fell 237 points last night to wipe out the illusive, thin air movement on Friday.
In an abbreviated three and a half hour session, The Dow bounced 181 points.