The lack of substance in Friday’s rally was shown up last night as Wall Street simply turned around and retraced. Dow down 140.
A 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.
In the battle for the psychological Dow 10,000 level, last night the sellers won. Dow down 74.
Wall Street reversed another big fall on weak housing data last night as value seekers re-emerged. Dow up 19.
A record plunge in existing home sales sent Wall Street scurrying last night. Dow down 133.
A glance through the latest expert views and predictions about commodities with long-term implications from the BP oil spill and few reasons to be positive on iron ore short-term.
Wall Street tried but failed to push higher last night, ultimately drifting off on lack of interest. Dow down 39.
Australian American has a number of uranium projects in the US and with potential for production as early as 2012 the company is receiving some US investment bank coverage.
BTIG market strategist explains why US equities look extremely cheap, similar to the situation back in March 2009.