US Close 21 Mar 16: US markets stronger again on Friday, Aussie markets higher for 3rd straight week.
CommSec

US Close 21 Mar 16: US markets stronger again on Friday, Aussie markets higher for 3rd straight week.

2016-03-21
US sharemarkets rose again on Friday. Investors continued to react positively to the Federal Reserve rate decision. Expectation of a weaker greenback after the Fed decision also boosted exporters. Bank of America and JPMorgan each rose by 2.9% after announcing share buyback programs. The Dow Jones rose by almost 121 points or 0.7%, the S&P 500 index rose by 0.4% while the Nasdaq rose by almost 21 points or 0.4%. Over the week the Dow rose by 1.8% with the S&P 500 index up 1.3% and the Nasdaq up 1.0%.
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