60 Second Market Wrap

On Tuesday, the S&P/ASX 200 ended the day only 11 points higher, closing at 4,497.40.
Coming out today is the consumer price index (CPI) data for June. Economists are expecting figures to increase 1% for the quarter, which would mean annual increases have risen 3.4% for the year.
The Dow Jones Industrial Average gained 12 [...]

Yesterday, the S&P/ASX 200 closed higher by 27 points, to 4,486.10.
Monday’s producer price index (PPI) figures have come in at slightly lower than economists expected. The PPI figure for the June quarter rose by 0.3% as economists were expecting an increase of 0.3%. The PPI has risen 1% since June 2009.
Overnight, the Dow Jones [...]

On Friday, the S&P/ASX 200 closed higher by 83 points to 4,458.40. Today the Australian Bureau of Statistics will release the producer price indices (PPI) for June. The PPI generally gives an early indication of inflation pressures.
The current ABC chairman, Maurice Newman has warned that corporations have a vested interest in ‘keeping the music [...]

On Wednesday, despite the strong start to session, the S&P/ASX 200 closed only 9 points higher to 4,412.70. The index has opened lower this morning thanks to the lead in from the US.
The Dow Jones Industrial Average closed at 10,120.53, lower by 109 points.
The US markets dropped when Dr Ben Bernanke of the Federal Reserve [...]

Yesterday, the S&P/ASX 200 started slowly, however the market jumped higher not longer after the RBA’s meeting minutes were released. The index closed at 4,403.60, higher by 45 points.
The Dow Jones Industrial Average ended the day up by 75 points to 10,229.96. Shares in Apple [NASDAQ: APPL] closed 3% higher amid [...]

On Monday, the S&P/ASX 200 was down by 64 points to 4,358.30. The market has opened higher this morning by a few points.
The Dow Jones Industrial Average closed at 10,154.43, higher by 56 points. IBM [NYSE: IBM] was slightly up, as investors were anticipating solid earnings. IBM released their results after the close [...]

On Friday, the S&P/ASX 200 closed at 4,422, lower by 19 points. Disappointing second quarter earnings results are likely to give the index a dull start to the trading week.
The Dow Jones Industrial Average dropped a massive 261 points, closing at 10,097.90. Consumer sentiment in the US was much lower than expected down [...]

Yesterday the S&P/ASX 200 bounced back, adding 82 points (1.87%) closing at 4,462.40. The market has opened in the red this morning.
Also in the news is the new ‘revised’ budget from Treasurer Wayne Swan. He is convinced that the budget will have three times the amount of surplus than his previous estimate. Back in [...]

The S&P/ASX 200 dropped 29 points yesterday, closing at 4,380.30. The Aussie index has opened over 60 points higher this morning thanks to the strong lead in from the overseas markets.
Last night the Dow Jones Industrial Average jumped 146 points (1.44%), ending the session at 10,363.02. Alcoa [NYSE: AA] kicked off the second [...]

The S&P/ASX 200 ended the higher by 13 points to 4,409.90. Coming out today is lending data for May from the Australian Bureau of Statistics (ABS). Yesterday, ABS data showed home loans rose by 1.9% for May, after a 1.8% in April.
Overnight, the Dow Jones Industrial Average closed at 10,216.27, up by 18 points. [...]

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