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US sharemarkets were mixed on Friday

Craig James

CommSec

US sharemarkets were mixed on Friday. Shares in Alibaba soared by 38% on the IPO price to US$93.89 a share. But shares in Oracle fell by 4.2% while Yahoo lost 2.7%. The Dow Jones index rose by almost 14 points or 0.1%. The broader S&P 500 index fell by 0.1% while the Nasdaq lost almost 14 points or 0.3%. Over the week the Dow Jones rose by 1.7%, the S&P 500 gained 1.3% while the Nasdaq edged higher by 0.3%. In US/Europe on Friday the Aussie dollar fell from highs near US89.95c to lows around US89.20c before ending the US session near the lows. And the Japanese yen held between 108.57 yen per US dollar and JPY109.24, ending US trade near JPY109.01. The Aussie is near US89.30c this morning with the Japanese yen at JPY109.10.


Craig James
Craig James
Chief Economist
CommSec

I am married with three children (all in their 20s) and currently live in Huntleys Cove in the inner west of Sydney. Chief interest is athletics and trying to keeping up with the children.My current role is Chief Economist, Commonwealth...

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