The Dow dropped over 100 points early on weak economic data but battled back during the session to close down 39. (Locked for subscribers until 10:00 AEST)
In a choppy session a big drop in US personal income was a conspicuous harbinger amidst the euphoria. Dow up 33.
The S&P hit 1000 last night to mark a 50% rally spurred on by global manufacturing data. Dow up 114.
A better than expected GDP result and an encouraging manufacturing read gave investors plenty to cheer about, but caution was always just below the surface.
Positive earnings, a successful bond auction and a commodity rebound provided a reverse of the last few days, resulting in a late sell-off. Dow up 83.
Poor data, poor bond auction, big commodity drops – but still Wall Street bounces back. Dow down 26. (Locked for subscribers until 10:00 AEST)
Standard Chartered expects a weaker commercial property sector in the US will also drag on the economy for some time.
Wall Street yet again came back from a wobbly brink last night thanks to Case and Shiller. Dow down 11.
President Obama’s delegation is currently in talks with China’s team in Washington about politics, climate and economics. Oh to be a fly on the wall.
Bond issue fears and mixed results had Wall Street wobbling last night, although resilience won out. Dow up 15.