Energy

Another choppy session, another recovery from the lows. Dow down 24.

Barclays Capital expects any recovery in natural gas demand will be weaker than the expected pick-up in US industrial production.

Arrow Energy is receiving more attention in the market with Deutsche Bank today initiating coverage with a Hold rating.

The Dow dropped over 100 points early on weak economic data but battled back during the session to close down 39. (Locked for subscribers until 10:00 AEST)

In a choppy session a big drop in US personal income was a conspicuous harbinger amidst the euphoria. Dow up 33.

The S&P hit 1000 last night to mark a 50% rally spurred on by global manufacturing data. Dow up 114.

A better than expected GDP result and an encouraging manufacturing read gave investors plenty to cheer about, but caution was always just below the surface.

The China story has run its course, suggests Barclays, and investors should now watch the US and Europe closely.

Positive earnings, a successful bond auction and a commodity rebound provided a reverse of the last few days, resulting in a late sell-off. Dow up 83.

Poor data, poor bond auction, big commodity drops – but still Wall Street bounces back. Dow down 26. (Locked for subscribers until 10:00 AEST)