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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.
Rate Decision Looms
US stocks surged ahead after investors shrugged off the gloomy economic news.
US Carmakers Seek $31bn Bailout
US stocks built on early gains on hopes the US car industry may get some hefty government support and an optimistic interpretation of comments from industrial and financial conglomerate GE.
Recession sends dow reeling
Wall Street had another grim day on fears for the US economy, which officially went into recession. Dow Jones tumbled 679 points to 8,149. Nasdaq dropped 137 to 1,398 while the S&P 500 shed 80 at 816.
Ford and GM in Spotlight
Half a day’s trading following the Thanksgiving Day holiday yesterday was still enough for the US market to cap its best week in more than 30 years, as hopes grew that the money being pumped into the economy by the government will soften the blow of the coming recession.
Challenging times ahead on the high street
Dow Jones jumped 247 points to close at 8,726. The tech-laced Nasdaq Composite rose 67 to 1,592 while the broader S&P 500 30 at 887.
