Episode Details

Wall St finished higher on Friday and closed near the day's highs. The Dow was up 484 points (up 0.94%), the S&P 500 was up 39 points (up 0.51%) and the NASDAQ was up 129 points (up 0.48%). The Russell 2000 was up 0.07%. The indexes were briefly in the red early after University of Michigan Consumer Sentiment fell to a four-month low of 48.1. Most of the gains came after the New York Times reported that Iran had given the US terms for reopening the Strait of Hormuz. Iran quickly denied it. Semis, tech hardware, airlines, banks, builders and autos did best. Energy, cable, food, cybersecurity, software and REITs lagged. For the week the Nasdaq was up 2.06%, the S&P 500 was up 1.21% and the Russell 2000 was down 0.80%. The VIX was unchanged.

SPI up 3 - Gold slightly better - Oil eases - RBA in focus tomorrow.

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