US equities gained Friday as bond yields fell after US jobs data, which showed signs of slowing growth and an uptick in unemployment.
Macquarie has released first half-year earnings this morning which have fallen short of expectations. The results are not terrible but not great. We are hardly dazzled but won’t go against the market. Buying in the One Stock Portfolio with a watchful eye.
And we’re off – Today we get out of cash and back into the market
US equities rose sharply higher overnight, a day after the Fed hinted it may be…
SMALL CAP PORTFOLIO 3.10 pm Updates Will add 1% weighting in MP1 at 1007c Also…
ASX 200 closes up 79 points to 6878 (+1.1%). Strength straight out of the blocks…
US equities rose sharply higher overnight, a day after the Fed hinted it may be done with interest rate hikes and a batch of upbeat quarterly earnings updates added to the bullish sentiment. The Dow ended near best levels, up 565 points (1.70%). Dow traded higher all day, with a high of +578 points and a low of +175 points. The S&P 500 posted its fourth consecutive gain and its biggest one-day percentage gain since April, up 1.89%.
The Fed have fired the Starters Gun – We are back in the market after 120 days in cash
ASX 200 closes up 79 points to 6878 (1.1%). Strength straight out of the blocks on US moves to the upside.ASX 200 up 2.2% for the week.
Wall Street finished higher overnight, ending near best levels as markets reacted to the Fed’s interest rate decision and Powell’s remarks about keeping rates steady.