There would have been a lot of weary computers drinking after market in New York bars last night, but not a lot of investors. Dow up 194. (Accessible only for subscribers before 10:15 AEDT)
Profit-taking in Apple dominated Wall Street last night despite the Dow trying to push higher (up 71) leaving the broad market index flat. (Accessible only for subscribers before 10:15 AEDT)
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
With little investor interest, it’s a traders market out there. Wall Street is jumping at each tidbit of news and speculation and last night that was positive. Dow up 181. (Accessible only for subscribers before 10:15 AEDT)
An ECB official last night suggested the central bank could recommence buying stressed eurozone bonds if necessary, easing fears in Europe. Dow up 89. (Accessible only for subscribers before 10:15 AEDT)
There was somewhat of a negative feedback loop across the globe last night as Europe returned from Easter and Spanish and Italian bond yields continued to rise. Dow down 213. (Accessible only for subscribers before 10:15 AEDT)
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
In a QE3 vacuum, Australia’s trade deficit and a weak Spanish bond auction were cause for global concern last night. Dow down 124. (Accessible only for subscribers before 10:15 AEDT)
Wall Street has come to accept that QE3 is dead in the water following last night’s release of the Fed minutes. Dow down 64. (Accessible only for subscribers before 10:15 AEDT)
Chinese and US manufacturing data spurred on a positive opening to the June quarter. Dow up 52. (Accessible only for subscribers before 10:15 AEDT)