More talk from the “not quite as big as you think” camp on QE2 had the US dollar up and stocks down last night. Dow down 43.
Mixed data and earnings reports left Wall Street directionless last night. Dow up 5.
The Dow jumped to exceed its April peak last night on home sale data before meeting selling once more. Dow up 31.
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Wall Street attempted another run-up towards the April peak last night but failed before a dollar bounce compounded the pullback. Dow up 38. (Locked for subscribers until 10:00 AEDST)
Wall Street reversed its earlier reaction to the Chinese rate hike last night and savoured several strong earnings reports. Dow up 129.
The Chinese rate rise pushed up the US dollar last night sending stocks down ahead of news the NY Fed is suing BofA. Dow down 165.
A good result from Citi and relief on foreclosures had the banks leading indices higher last night. Dow up 80.
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Last night’s rally on Wall Street is a hard one to decipher other than it looks like some buying might be coming in. Dow up 75. (Locked for subscribers until 10:00 AEDST)