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Finfeed Archived Jun 17, 2020
Yesterday’s surge of 222 points or 3.9% by the S&P/ASX 200 effectively erased approximately half of the losses incurred during the preceding three day rout.
Finfeed Archived May 28, 2020
Strong support for the big banks was largely instrumental in lifting the S&P/ASX 200 index (XJO) from about 5720 points in the first hour of trading to a mid-session high of more than 5830 points.
Finfeed Archived May 27, 2020
The S&P/ASX 200 index (XJO) surged nearly 3% on Tuesday finishing at a high of 5780 points. Financials were strong again and there is evidence that consumer discretionary stocks should emerge from the COVID crisis much better than expected.
Finfeed Archived May 26, 2020
Very bullish sentiment regarding an imminent recovery in the Australian economy, combined with anticipated signs of better things to come in the US, underpinned a 2.2% increase in the S&P/ASX 200.
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Finfeed Archived May 25, 2020
While the S&P ASX 200 shed 1% to close at 5497 points on Friday, this still represented a promising week-on-week performance with the XJO up 1.7%.
Finfeed Archived May 15, 2020
ASX futures traded 45 points higher after Wall Street rebounded overnight, as investors weighed the prospect of economic recovery. The upward movement was made following remarks from US President Donald Trump over the US-China trade relationship.
Finfeed Archived May 14, 2020
While the ASX dug itself out of a hole yesterday, it is unlikely that investors will brush off the news that US markets plunged more than 500 points overnight.
Finfeed Archived May 12, 2020
The S&P/ASX 200 finished up 1.3% to close at 5461 points on Monday. With mixed to negative leads coming from overseas last night some profit-taking would surprise.
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