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Australian Market Report of August 27: Weak Response to the Strong Data
AUG 27, 2009 13:00 - Article Views: 8,753
US stocks closed nearly unchanged Wednesday despite a stronger than expected increase of new home sales and a jump in durable goods orders. The market responded to the positive data with a shrug, as investors remained cautious and took their profits after rallies. |
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Australian Market Report of July 23: Time to Lock in Profits
JULY 23, 2009 13:00 - Article Views: 11,835
Wall Street finished mixed overnight. Dow and S&P 500 indices ended their rising streak while Nasdaq posted its 11th straight rise led by Apple and Yahoo. Investors started to lock in their profits from a series of rallies driven by earnings reports. |
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Australian Market Report of June 26: Wall Street Shrugged Off Higher Jobless Data
JUNE 26, 2009 13:00 - Article Views: 8,555
Yesterday, the Australian share market closed higher on the back of stronger commodity prices. The benchmark S&P/ASX200 index rose 49 points, or 1.29 per cent, at 3856, while the broader-based All Ordinaries index gained 49.3 points, or 1.3 per cent, to 3851.5 points. |
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Australia Market Report of October 16: Rally Is a Flash in the Pan
OCT 16, 2008 13:00 - Article Views: 5,387
Overnight the Wall St took a dive on grim economic news pointing to weaker growth and profits in the year ahead, with Dow Jones Industrial Average fell 7.87% for its biggest percentage loss since October of 1987. The US Federal Reserve's snapshot of business conditions said economic activity was weaker across all 12 districts in September and consumer spending fell in most regions. |
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