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Markets Live: Domain shares dumped after CEO exit

21 January 2018 11:32 PM
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Markets Live: Domain shares dumped after CEO exit

Wall Street rose on Friday, led by gains in consumer stocks. The S&P 500 and the Nasdaq hit record closing highs,while the Dow ended the day higher.

The Dow Jones Industrial Average rose 53.91 points, or 0.21 per cent, to close at 26,071.72, the S&P 500 gained 12.27 points, or 0.44 per cent, to 2810.3 and the Nasdaq Composite added 40.33 points, or 0.55 per cent, to 7336.38.

For the week, the Dow rose 1.04 per cent, the S&P 500 added 0.86 per cent and the Nasdaq gained 1.04 per cent.

A shutdown of the US government began at the weekend but analysts believe that the impact is likely to be minimal.

"The shutdown in the US looks set to dominate market attention early this week. It is likely to result in plenty of noise but no dramatic shifts in trends, in our view," ANZ strategists said.

In Europe on Friday, shares rose to highs not seen since 2008 amid growing confidence in corporate earnings and in the strength of the global economy.

The euro zone's STOXX benchmark index closed up 0.73 per cent at 402.95 points, its highest level in 10 years and the pan-regional STOXX 600 benchmark rose 0.5 per cent to 400.71 points, a 2-1/2 year peak.


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