Market Update: Another record close for the Dow and S&P 500 in the U.S

Bell Potter
Bell Potter Stockbroker

Market Update: Another record close for the Dow and S&P 500 in the U.S. overnight and comments from Fed Vice Chairwoman Janet Yellen suggesting that the Fed might not make significant changes to monetary policy when she took over the central bank pushed the S&P/ASX 200 up 0.8% to 5,400 points. Financials continued to do well with all major banks higher between 0.9% to 1.5%. Resources were mixed with BHP down 0.1% and RIO was 0.5% higher. The AUD is trading higher at US$0.9350. The SPI was up 0.9% at 5,412 points on the Sydney Futures Exchange

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