Switzer on Saturday

No real trade war helps stocks sneak up

Founder and Publisher of the Switzer Super Report
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Friday Close
Change
Change %
Week Change %
Dow Jones
26,743.50
86.52
0.32%
2.25%
S&P 500
2,929.67
-1.08
-0.04%
0.85%
NASDAQ
7,986.96
-41.28
-0.51%
-0.29%
ASX 200
6,194.60
25.10
0.41%
0.48%
Data for week commencing 17 September 2018

Trump-v-China on the trade war battlefield was always going to be the main game and because the exchange of tariff fire was less than expected, our stock market climbed higher. The S&P/ASX 200 rose 29 points (or 0.41%) to end at 6194.6, which was the best weekly showing for September.

Helping the positivity was the 10% tariffs rather than the possible 25% slugs once referred to by the US President. And the measured response by the Chinese allayed the worst of market fears. And because the trade war was more like a skirmish, metal prices rose, which helped the share prices of BHP and Rio.

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