The Australian share market had its worst day of the month but thanks to a strong start to the week we’ve managed to stay within striking distance of a record high and also extending the winning streak to a third consecutive week.
Out of the United States, the world’s second largest stock Nvidia slumped after the resignation of its co-founder, while Microsoft will be in focus tonight after its global outage.
WATCH THE ABOVE VIDEO: Australian share market extends winning streak despite Friday slump
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Here at home, we had accounting software company Xero gaining ground for a third day. This was after raising its profit goals.
Troubled child care centre operator G8 Education went backwards but it close to doubled on Thursday after receiving a takeover proposal.
It was also a big week for the banks with most delivering their profit results and preparing for December dividend payments over the past fortnight.
Mining stocks like BHP fell on Friday which was certainly a wait while we had retailers like Adair’s and footwear chain accent.
A warning of slowing sales in recent sessions.
Now the Aussie dollar buys around 68 US cents.
This article is published as part of a paid partnership with the CommSec.
Facts and dates are correct at the time of publication. This is general information only and does not constitute personal financial advice. Consider seeking advice from a qualified financial professional before making financial decisions.
