Switzer on Saturday

No Trump tantrums and less Royal Commission and stocks rise

Founder and Publisher of the Switzer Super Report
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Friday Close
Change
Change %
Week Change %
Dow Jones
24,262.51
332.36
1.39%
-0.20%
S&P 500
2,663.42
33.69
1.28%
-0.24%
NASDAQ
7,209.62
121.47
1.71%
1.26%
ASX 200
6,062.90
-35.40
-0.58%
1.84%
Data for week commencing 30 April 2018

The US jobs report missed expectations, with employment up 164,000 against an expectation of 195,000. However all three stock market indexes were up strongly, giving our market a strong reason to keep defying the old “sell in May and go away” rule of thumb.

So what explains why the Dow was up 700 points plus from Thursday’s low?

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