Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Joining Dow 13k and Nasdaq 3k we saw S&P 1400 last night for the first time since June 2008 as the rally continues. Dow up 56. (Accessible only for subscribers before 10:15 AEDT)
A strengthening US dollar is having its impact on gold, commodities and bonds as Wall Street debates whether no QE3 is a good or bad thing. Dow up 16. (Accessible only for subscribers before 10:15 AEDT)
JP Morgan announced a dividend increase and buyback into an already positive market last night. The Dow has closed above 13k and the Nasdaq above 3k for the first time in history as a combination. Dow up 217.(Accessible only for subscribers before 10:15 AEDT)
Wall Street is getting that light-headed feeling again with the Dow once more approaching 13k. Another top ahead or can we bust through this time? Dow up 37. (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.
The results are still due but the wires suggest the Greek bond restructure should get comfortably over the line. Dow up 70. (Accessible only for subscribers before 10:15 AEDT)
Fears of a Greek default eased last night, QE3 talk returned, and a good preliminary jobs number helped Wall Street bounce. Dow up 78. (Accessible only for subscribers before 10:15 AEDT)
It’s taken a while, but finally Wall Street has found enough reason to stage a decent pullback. Dow down 200. (Accessible only for subscribers before 10:15 AEDT)
Beijing lowered its GDP growth target to 7.5% from the long held 8% last night prompting a bit of a scare on markets. Dow down 14. (Accessible only for subscribers before 10:15 AEDT)