The Overnight Report

Wall Street dismissed the inevitable downgrading of Spain last night and instead embraced the Fed’s brighter picture. Dow up 53.

S&P downgraded Greek debt to below investment grade last night and took Portugal’s rating down two notches. Dow down 213.

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

Wall Street managed to reverse an early plunge last night on vague EU assurances and some comfort from the President. Dow up 9. (Locked for subscribers until 10:00 AEST)

Positive earnings results including a cracker from Apple last night sent Wall Street towards its highs again. Dow up 25.

The case against Goldmans looks weak, Wall Street decided, while the volcano is apparently now angrier. Dow up 73.

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

Wall Street reacted badly to the Google result after the market while the day-session had to cope with mixed signals. Dow up 21.

Positive earnings and economic data sent the S&P 500 soaring through the Lehman breakdown level at 1200 last night. Dow up 103.

A big beat from Intel after the bell sets Wall Street up for a positive session tonight, following a choppy session last night. Dow up 13.