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Resources in favour but banks drag market lower

THE sharemarket closed lower yesterday as profit-takers wiped out early gains.

Stocks post first gain in new year

The Australian share market shrugged off a weak lead from Wall Street to rise to a near two-month closing high.

Aussie shares make gains in most sectors

The Australian sharemarket closed firmly in the black with gains across all sectors, except for healthcare.

Bell tolls on year of sharemarket misery

The financial meltdown made 2008 one of the worst year's ever to own stocks.

US jobless data hints at bleak 2009

The number of laid-off workers continuing to draw US unemployment benefits bolted to 4.5 million in late December.

Wall St ends calamitous year on the up

US stocks close out a catastrophic year that saw main indexes post their worst annual performance since the Great Depression.

Emissions fears for banks

Banks may face a fresh wave of losses in coming years triggered by rising costs from the carbon emissions scheme.

US politicians blast former Fannie execs

US politicians have blamed former top executives at mortgage giants Fannie Mae and Freddie Mac for fuelling financial market turmoil.

Wall St cautious after two-day rally

Wall Street turned cautious after a two-day rally as downbeat corporate news reminded investors that the economy's troubles won't soon ease.

Wall Street's upbeat spin, stocks higher

Wall Street put an upbeat spin on the government's report that the US lost more than half a million jobs last month.