Energy

The Dow fell 348 points last night on anxiety over whether the bill will be passed but more specifically on very poor economic data.

Wall Street took a breather last night as it awaits a modified bill to pass through the Senate and go back to the House.

Plan or no Plan, it’s still a rocky road ahead for the oil price.

The Dow bounced back 485 last night as Congress vowed to reach resolution and the SEC decided to readdress CDO accounting rules.

Main Street voted down Wall Street last night on both sides of the House, rejecting the rescue plan . The Dow fell 770 points, its biggest fall since trading opened after 9/11.

Now that investors are returning to commodity markets, Macquarie offers some tips for where to seek exposure.

The Dow rallied 200 points as The Plan moved another inch closer to agreement, but it is a very watered down model that Paulson may have to accept.

All financial markets were as good as unchanged last night as the world goes into limbo. A resolution on The Plan does not yet look imminent. (Locked for subscribers until 10:00 AEST)

ANZ expects commodity prices will continue to trend lower in coming months, with the direction of the US dollar a key variable at present.

The Dow managed to hold square by 3pm but a lack of progress on Capitol Hill saw a late sell-off of another 161 points. (Locked for subscribers until 10:00 AEST)