Switzer on Saturday

Where to for the markets – reporting season coming!

Founder and Publisher of the Switzer Super Report
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Friday Close
Change
Change %
Week Change %
Dow Jones
25,803.19
228.46
0.89%
2.01%
S&P 500
2,786.24
18.68
0.67%
1.57%
NASDAQ
7,261.06
49.28
0.68%
1.74%
ASX 200
6070.10
2.50
0.04%
-0.85%
Data for week commencing 08 January, 2018

“The Dow Jones index has had its strongest start to the year in 15 years and investors are now re-assessing the strength of the gains.” That’s how CNBC saw Thursday’s action on Wall Street, with the Dow hitting another all-time high. And overnight we found out why investors continue to pile into stocks, despite the huge rises for stock prices over 2017, with US banks reporting better-than-expected as the fourth quarter earnings show-and-tell season hots up.

J.P.Morgan, Wells Fargo and the world’s biggest fund manager, Blackrock, all came in with better-than-expected results and this great start for this all-important sector for overall corporate profits makes it believable that earnings will be up around 11.2%.

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