Switzer on Saturday

Santa came late this year but will his magic last in 2019?

Founder and Publisher of the Switzer Super Report
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Friday Close
Change
Change %
Week Change %
Dow Jones
23,062.40
-76.42
-0.33%
2.75%
S&P 500
2,485.74
-3.09
-0.12%
2.86%
NASDAQ
6,584.52
5.03
0.08%
3.97%
ASX 200
5,654.30
57.10
1.02%
3.42%
Data for week commencing 24 December 2018

Santa came late this year and had a lot to make up for with that big sell off on Christmas Eve, making the festive fare harder to enjoy for yours truly. At least there was the offsetting huge 1000-point plus rebound on Boxing Day! Maybe there is someone up there who answered my prayers. (As you can see, I do pray for unusual things.)

In case you missed it, the local S&P/ASX 200 Index ended the week up 186.7 points (or 3.4%) to hit the tape at 5654.3. One of the triggers for the US stock rebound that helped our market trend higher was news from Amazon that it had a record-breaking holiday season both in the USA and worldwide. The AFR reported that “…it was enough to send the S&P 500's retail index rising by 7.4 per cent and Amazon's own shares soaring by 9.5 per cent.”

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