The Overnight Report

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.

Apparently erroneous reports of a pipeline explosion in Saudi Arabia sent oil soaring, mostly killing off Wall Street’s latest attempt to rally. Dow up 23. (Accessible only for subscribers before 10:15 AEDT)

Bernanke’s scheduled testimony to Congress was relatively upbeat last night, and there was no mention of QE3. The Dow thus retreated 53 and gold plunged nearly US$100. (Accessible only for subscribers before 10:15 AEDT)

Hardly convincing, but the cheer went up when the Dow managed to close at 13,005 on a 23 point gain. (Accessible only for subscribers before 10:15 AEDT)

Wall Street rebounded hard from a weak opening last night but the Dow yet again failed to hold above 13,000, finishing square at 12,981.(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 Dow took another run at 13,000 last night but still couldn’t push through, hanging in at 12,984, up 46. (Accessible only for subscribers before 10:15 AEDT)

There’s a sense of “I need a rest” on Wall Street post Greece, while oil and gold move into the frame. Dow down 27. (Accessible only for subscribers before 10:15 AEDT)

Greece is settled, for now, so attention turns to that rising oil price. Dow up 15. (Accessible only for subscribers before 10:15 AEDT)

Everyone seems confident, but no word yet from Brussels on the Greek bail-out. Wall Street closed.(Accessible only for subscribers before 10:15 AEDT)