A brief look at important company events and economic data releases next week.
Wall Street panicked last night over double-dip fears ahead of an afternoon recovery. Dow down 53. (Locked for subscribers until 10:00 AEDST)
China has stepped up sales of US Treasury bonds in recent months and it is feared political retribution may be intended at a time when the US desperately needs foreign funding.
Rates will stay low for a long time, said Bernanke to Congress, and Wall Street was soothed once more. Dow up 91.
A big drop in US consumer confidence, along with flagging European sentiment, sent Wall Street south once more last night. Dow down 100.
It was a light volume calm before potential stormy weather ahead on Wall Street last night. Dow down 18.
A brief look at important company events and economic data releases next week.
The Fed raised its discount rate after the Wall Street close, sending Dow futures tumbling.
Wall Street pushed further ahead last night on some more positive economic data in a vacuum of news from Europe. Dow up 83. (Locked for subscribers until 10:00 AEDST)
The euro turned tail and ran away again last night but more positive US data prevented a stock market reversal. Dow up 40.