Confidence was sapped on Wall Street last night as long bond prices tumbled. Dow down 170.
Wall Street rallied on a surge in consumer confidence last night on anaemic volume. Dow up 200.
Once considered the global safe haven, the US bond market is facing a withdrawal of support. Such a withdrawal could derail global economic rescue plans.
A volatile day of thin, pre-holiday trading sees gauges wipe off the day’s gains in the last hour of trade.
Fears the US could lose its AAA rating sent everything lower in concert last night. Dow down 130.
An attempted rally was snuffed out last night as the Fed minutes showed a reduced GDP estimate and increased unemployment. Dow down 50.
Wall Street was indecisive last night as the Dow bounced around in a low range before closing down 30.
Pullback? Wall Street grasped positive housing data and the Indian surge last night to swing violently back to the upside. Dow up 235.
The rally since March has brought investors some very close correlations in asset classes and prices. Will they hold?
Wall Street retreats at the end of a down week as investors react to economic reports, a drop in oil and options expiration.