The rally hit a snag last night as the US government suggested GM may have to go into bankruptcy. Dow down 254.
As industrial production collapses in Europe, the ECB’s reluctance to follow the UK and US down the quantitative easing path is forcing some hard decisions.
Stock finished lower on Wall Street last night as investors looked to lock in profit after three weeks of big gains.
A not so bad GDP revision and a successful 7-year bond auction last night gave the Dow another 174 points worth of legs.
At the last G20 meeting, leaders pledged to collectively do everything it takes to save the world. Ahead of the next one, cracks are appearing in the coalition.
Wall Street exploded out of the blocks last night but got a big scare around midday. Dow up 89.
One of the world’s largest holders of US dollar assets will press for a move away from the dollar at the upcoming G20 meeting.
Wall Street unsurprisingly gave back some gains last night as all markets reversed recent frantic moves. Dow down 115.
Wall Street clearly liked Secretary Geithner’s toxic asset purchase plan. What does it all mean?
Investors have started wondering about the timing of any recovery and what sort of sign to look for.