The Overnight Report

The week-long rally found some profit-takers last night as the Fed poured cold water on recovery enthusiasm. Dow up 3. (Locked for subscribers until 10:00 AEST)

Wall Street surged higher once more in the wake of positive initial earnings. Intel’s post-market result suggests a seventh consecutive rally tonight. Dow up 146.

Alcoa’s after-the-bell result beat expectations and that’s all that matters. Wall Street went nowhere all session as it waited. Dow up 18.

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

Lower jobless claims helped Wall Street build on Wednesday’s surge as risk appetite continues to return. Dow up 120.

A 274 point rally in the Dow may be welcome but not very convincing in many a view.

Wall Street opened strongly last night, failed, and then kicked at the close. There is now a clear battle between buyers and sellers. Dow up 57.

While Wall Street enjoyed a public holiday the rest of the world took the opportunity to take a breather as well. European indices down 0.3% in thin trade.

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

Wall Street staged a mid-session turnaround from its depths last night as a successful Spanish bond auction sparked short-covering and a big sell-off in gold. Dow down 41.