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Morning Rundown
The Morning Rundown is a report that is published before market open every day. It provides a summary of overnight market news, a diary and the day's trading strategies.
HP Boost for Dow
Hewlett Packard’s better-than-expected results helped US stocks end the day higher despite choppy trade in the morning. Dow Jones closed up 151 at 8,424. Nasdaq added 1 to 1,483 while the S&P 500 gained 8 to 859.
Dow Closes Below 8000
Dow Jones closed below 8,000 for the first time in over five years as shares of banks and the three big car makers tumbled. Across the markets, Dow Jones shed 427 points to close at 7,797.
Gloomy Data Drags Markets Down
Wall Street had another tough day on news of more job losses at Citigroup and as Congress discussed a bail-out for the three big car makers. Dow Jones closed down 223 at 8,273.
Global Jitters Weigh on Asia
Investors rushed for the exit ahead of the weekend as dire retail sales data and ongoing recession fears again sapped confidence. Retail sales for October were the worst since records began in 1992, falling 2.8% during the month.
Markets Surge on Cheap Buying
It was a volatile day for the US stock market after a hesitant start, with shares rallying strongly at the death, paced by oil and property shares.
