Wall Street managed to turn another sharp loss into a small gain last night as buyers took advantage of what they see as oversold conditions. Dow up 29.
The debt deal was a mere distraction from the reality of a weakening US economy. Dow down 265.
Barclays Capital has analysed seasonal trends for August and notes equities, energy and bonds tend to perform well, base metals struggle and the US dollar is mixed.
Forget the debt ceiling – global manufacturing PMIs tell a sorry tale. Dow down 10.
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.
A failed rally last night suggests Wall Street is positioning with caution ahead of the deadline. Dow down 62.
PFP Wealth Management’s Tim Price suggests the poor growth outlook for Europe and growing global debt issues mean investors must consider additional uncertainties when assessing investment options.
More selling saw the S&P 500 breach it’s 50-day MA last night, sparking a lot more selling. Dow down 198.
The White House announced it would veto the Republican bill and Wall Street turned cautious once more. Dow down 91.