Switzer on Saturday

Deal on but it’s not over yet

Founder and Publisher of the Switzer Report
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Friday Close
Change
Change %
Week Change %
Dow Jones
26,816.59
319.92
1.21%
0.91%
S&P 500
2,970.27
32.14
1.09%
0.62%
NASDAQ
8,057.04
106.26
1.34%
0.93%
ASX 200
6,606.80
59.70
0.91%
1.38%
Data for week commencing 07 October 2019

Deal on! It’s a partial deal at this stage. By the closing bell on Wall Street, the Dow was up 319.92 points (or 1.21%) but it was up over 500 points at one stage, so the market is happy though it wants something more conclusive.

All this was a consequence of a key meeting between the President himself and China’s Vice-Premier, Liu He and we knew that what would be said and tweeted after the meeting would determine what would happen to stocks in the closing hour of the US stock market and of course, here on Monday and beyond.