Switzer on Saturday

Stocks up as overseas news trumps election fears

Founder and Publisher of the Switzer Super Report
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Friday Close
Change
Change %
Week Change %
Dow Jones
26,412.30
269.25
1.03%
-0.05%
S&P 500
2,907.41
19.09
0.66%
0.51%
NASDAQ
7,984.16
36.80
0.46%
0.57%
ASX 200
6,251.30
52.60
0.85%
1.13%
Data for week commencing 08 April 2019

With an election dark cloud of uncertainty hanging over our share market and economy, stocks added 70 points over the week to see the S&P/ASX 200 Index rise 1.1% to close at 6251.3. Despite the start of the election campaign, this defiant rise brought back the words of ex-Westpac CEO David Morgan, who I interviewed two weeks ago.

David, who was also a former Deputy-Treasury Secretary and Richmond Tigers player, said that our greatest economic and market threats were “external.” External developments helped keep the stock market positive for the week and there’s a good chance that overseas forces overnight could easily again keep the vibes positive for our market next week.

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