Morning Report 4 Feb 19 : Tech lags US gains - Royal Commission findings loom locally

 

US sharemarkets were mixed on Friday. The strong economic data generally boosted sentiment together with optimism on the US- China trade talks. The energy sector rose in response to a 3% lift in oil prices. But a weaker-than-expected outlook from Amazon weighed on retailers. Shares in Amazon fell by 5.4%. The Dow Jones index rose by 64 points or 0.3%. The S&P500 index was up by 0.1%. But the Nasdaq index eased by 18 points or 0.3%. Over the week the Dow rose 1.3%, the S&P 500 rose 1.6% and the Nasdaq lifted 1.4%.

 

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