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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.
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.
Another Gloomy Day
US shares had another tough day on grim news from the retail sector while a change of emphasis from the US government on its $700bn mortgage bail-out also caused confusion.
Global Recession Fears Puts Markets in Reverse
Concerns about the state of the economy and health of General Motors again undermined share prices while the government unveiled a new initiative to boost the housing market. Dow Jones closed down 176 at 8,693. Nasdaq shed 35 at 1,580 while the S&P 500 shed 20 at 898.
