Wall Street recovered from a further 100 point Dow fall on earnings fear to close flat as buyers moved in to snap up beaten down names. Dow up 2. (Accessible only for subscribers before 10:15 AEDST)
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
A brief look at important company events and economic data releases next week.
Google posted a shocker last night under controversial circumstances, but the broad market was not overly impacted by the Nasdaq drop. Dow down 8. (Accessible only for subscribers before 10:15 AEDST)
Jonathan Barratt of Barratt’s Bulletin discusses the rising US headline CPI and its implications for gold.
It was a weak session for US earnings reports, but Wall Street was turned around by economic data and in the background, Spain avoided junk status. Dow up 5. (Accessible only for subscribers before 10:15 AEDST)
The Chartist believes that in a six-month time frame, the signals only suggest upside for the S&P 500.
More earnings beats, solid economic data, a change of regime at Citigroup and unconfirmed news from Spain all conspired to push Wall Street ever higher. Dow up 127. (Accessible only for subscribers before 10:15 AEDST)
Like Thelma and Louise, the US economy is driving at high pace towards a (proverbial) cliff, but opinions as mixed as to whether it’s avoidable and if it isn’t, what’s at the bottom?
A solid result from Citigroup had Wall Street thinking maybe earnings expectations are too negative. Dow up 95. (Accessible only for subscribers before 10:15 AEDST)