European investors have used Wall Street’s holiday to buy shares in banks and resources. Oil gained for the first time in six days. (Locked for subscribers until 10:00 AEDST)
Stocks pulled back from 15-month highs on a weak consumer confidence read and news JPMorgan booked some steep loan losses. Dow down 0.9%.
Earnings optimism received a big boost from technology bellwether Intel (hot on the heels of Rio Tinto). (Locked for subscribers until 10:00 AEDST)
The Fed Beige Book provided sufficient reasons for ongoing optimism, causing US Treasuries to retreat, and so did the USD. (Locked for subscribers until 10:00 AEDST)
The US reporting season commenced on a subdued note, while China spooked investors with higher reserve requirements for banks. (Locked for subscribers until 10:00 AEDST)
It was a lacklustre performance on Wall Street overnight with continued pressure on the USD and a disappointing release from Alcoa.(Locked for subscribers until 10:00 AEDST)
Mixed economic data failed to excite an otherwise disinterested Wall Street last night. Dow unchanged.
The S&P marked a new high last night as a positive home sale number spurred on buyers in a thin market. Dow up 50.
A surge in M&A activity and broker upgrades sent Wall Street higher last night despite a stronger greenback. Dow up 85.
Quadruple witching brought the volume and an Iranian incursion into Iraq provided some concern, but we ended up back where we started. Dow up 20.