United States

It was down, up, and down again on Wall Street to only a small rise while the numbers 111 and 1000 made their debuts.

Has the latest Fed move solved anything?

It was back to business as usual on Wall Street last night as the dollar hit new lows, oil new highs and an early rally in the Dow failed.

The Fed responded to criticism last night by not cutting rates and instead injecting liquidity directly into the mortgage market. Wall Street loved it and the Dow rallied 415 points.

The Dow was down another 150 points last night as some slightly positive economic data were overshadowed by concern over the liquidity positions of major brokerages.

The Dow became the last of the major three US stock indices to break its January low last night as January jobs data showed a large drop when a small rise was expected.

The S&P 500 closed below its January low last night and the Dow came closer, falling 215 points.

Just when you thought perhaps the parabolic rise in commodity prices might have stalled, last night oil posted the biggest ever one-day gain in its history. The Dow was choppy once more.

The Dow bounced back from the depths of more financial sector woes last night as commodity prices went the other way – finally reaching a blow-off top that saw a profit-taking scramble.

Pre-empting today’s rate hike, RBA critic Dr Steve Keen is back with more of his collection of scary graphs.