Switzer on Saturday

All-times high at bloody last!

Founder and Publisher of the Switzer Report
Print This Post A A A

Friday Close
Change
Change %
Week Change %
Dow Jones
27,192.45
51.47
0.19%
0.14%
S&P 500
3,025.86
22.19
0.74%
1.65%
NASDAQ
8,330.21
91.67
1.11%
2.26%
ASX 200
6,793.40
-24.60
-0.36%
1.39%
Data for week commencing 22 July 2019

All-time closes are happening almost everywhere, with the Nasdaq and S&P500 beating previous record highs to join our All Ords, which hit 6901.9 on Thursday. However, a “Houston, we have a problem” issue surfaced last night for the US market, with the Yanks’ economy growing faster than experts thought!

Growth was supposed to be around 1.8% (like ours) but came in at 2.1%. It’s notable that consuming spending rose by 4.3% but business investment dropped by 5.5%, which has to be linked to the trade war.