ASX 200 up 17 having been up 33 at best – Fed tonight but a US Treasury announcement on borrowing may be more important

US equities rallied overnight, with all three major indices finishing up more than 1% following last week’s sell-off, kicking off a busy week of earnings reports, economic data and the Fed’s FOMC meeting. The Dow traded in the green all day, finishing near best levels, up 511 points (+1.58%). S&P 500 rose 1.2%, and the NASDAQ gained 1.16%, buoyed by gains in mega-cap tech stocks.

Wall Street closed mixed overnight as markets grappled with weak earnings reports and data that supported the possibility of sustained low interest rates. The Dow tumbled 367 points (-1.12%). Up just 3 points at best. Down 457 points at worst. The S&P 500 erased earlier gains and fell 0.48%, while the NASDAQ added 0.38% amid mixed earnings reports.

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Wall Street finished lower overnight amid mixed earnings, robust economic data showing resiliency and falling bond yields. The Dow ended near worst levels, down 252 points (-0.76%). Up 69 points at best. Down 292 points at worst. S&P 500 fell 1.18%, edging closer to a correction, with the index now down ~10% from its July peak. The NASDAQ slumped 1.76%.