S&P/ASX 200 jumps to record close, IT, miners gain
ASX jumps to record close ahead of US jobs data. IT sector gains, Afterpay up 5.5%. Investors bought dips on iron ore miners. News Corp higher. RBA backs economy rebound.
Welcome to the Trading Day blog for Friday, August 6. The ASX 200 jumps to a record high close ahead of US jobs data. IT sector gains, Afterpay up 5.5%. Investors bought dips on iron ore miners, with BHP, RIO and FMG closing well above their intraday lows.
Wall Street rose following a drop in jobless claims. The Dow gained 0.8 per cent, the S&P 500 added 0.6 percent and the Nasdaq Composite jumped 0.8 per cent. Most European markets also rose after another day of healthy earnings reports. Iron ore tumbled 7.2pc. Locally, RBA Governor Philip Lowe and the RBA statement back the economic recovery.
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