Morning Report 31 Aug 20 : ASX to open lower despite Wall St records

S sharemarkets rose on Friday with the S&P 500 and Nasdaq at record highs. The S&P 500 is on track to its best August gain in 34 years. Investor sentiment was supported by reports that President Trump was willing to sign the 1.3 trillion coronavirus relief bill. The Dow Jones index rose by 162 points or 0.6%. The S&P500 index lifted 0.7%. And the Nasdaq index gained 70 points or 0.6%. Over the week the Dow rose 2.6%, the S&P 500 gained 3.3% and the Nasdaq rose 3.4%.