End of day report

Marcus Padley

Marcus Today

What happened today? The ASX200 closed up for the fourth day on the trot, rising 30 points to close at 5263.6. The Dow closed +369 points overnight on positive economic data. Chinese authorities intervened in the stock market to steady the ship. The Shanghai Composite is +2% and Dow Futures are down 69. Another highly volatile week. Investors will be looking to put this week behind them. The market managed to claw back all of Monday’s massive 4.09% tumble and closed the week +0.94% or +49 points. Our Futures were up 90 points on the open but the market was unable to hold onto early gains and we went from being up 72 points to being down 5 at one point. But a rally in the last half an hour managed to have the index +30 points at the close. (VIEW LINK)


Marcus Padley
Director
Marcus Today

Marcus Padley founded Marcus Today in 1998 and leads the team of analysts and market commentators that publishes a daily stock market newsletter, presents four podcasts and runs an $80m Australian equity fund. He is passionate about educating and...

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