The Overnight Report

Contraction for the US services sector and weak same-store sales saw initial strength on Wall Street fade before a last minute sell-off. Dow down 86.

The stock market attracted little interest last night but gold was in focus, setting a new record despite a stronger greenback. Dow down 19.

It was back to business as usual last night as the US dollar headed south once more. Dow up 126. (Locked for subscribers until 10:00 AEDST)

It was a light volume day on Wall Street for the end of the month as Dubai woes eased. Dow up 34.

Dubai debt issues overshadowed Black Friday, usually the only thing US markets are worried about on the short day after Thanksgiving.

Dubai has asked for a six month deferral on its debt payments causing European stock markets to fall over 3%.

A good jobless claims number meant new highs on Wall Street while gold nears US$1200 on a weak greenback. Dow up 30.

Low volumes, a switch to defensives, a rush for Treasuries. Wall Street is packing up for Christmas. Dow down 17.

A weak greenback and strong US home sales had Wall Street on a fly from the bell. Dow up 132.

A surge in mortgage foreclosures sent Wall Street tumbling last night before a gradual claw-back. Dow down 93.