Energy

Weak economic data triggered a fall on Wall Street while the return of the three o’clock wave ensured a close on the low. Dow down 733.

After another wild ride the Dow closed down a mere 76 points following the official release of the latest comprehensive rescue plan in the US.

Weaker economic conditions are creating a cyclical downturn in the oil market and analysts are lowering their price expectations accordingly.

History was made yet again last night as the Dow staged its biggest ever points rally.

The Dow marked last night’s one-year anniversary of its all-time high with another 675 point plunge.

Falling oil prices, a firmer USD and slowing demand signals continued weakness for coal prices.

Last night six central banks made a coordinated rate cut, including the Fed, BoE and ECB. Initial enthusiasm was lost, with the Dow closing down 190 points.

The Dow fell another 500 points last night as the selling wave continued.

The Dow was down 800 points at its lows last night, driven by a rout in Europe, before rebounding in the last hour to be down 370 at the close. (Locked for subscribers until 10:00 AEDT)

The Dow fell 150 points on Friday having been up 300 points when the bill was passed.