Switzer on Saturday

Record highs are good for stocks this year

Founder and Publisher of the Switzer Report
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Friday Close
Change
Change %
Week Change %
Dow Jones
29,348.10
50.46
0.17%
1.82%
S&P 500
3,329.62
12.81
0.39%
1.97%
NASDAQ
9,388.94
31.81
0.34%
2.29%
ASX 200
7,064.10
22.30
0.32%
1.95%
Data for week commencing 13 January 2020

It’s been a record-breaking week for stocks here and on Wall Street, as key market players bought up big on the signing of the trade deal.

The US and China have signed a “Phase 1” trade deal and global share markets have rallied. The Australian ASX200 share index rose above 7000 points for the first time. The Dow and S&P 500 indexes were up 1.8%, the Nasdaq put on 2% and our S&P/ASX 200 finished the week also up 2%, meaning we’ve added a huge 5.7% since the start of 2020!