Morning Report 25 Jan 21: ASX 200 set for modest gains despite mixed fortunes US stocks

January 25, 2021

US sharemarkets were mixed on Friday. Smaller caps outperformed with real estate up 0.3% and utilities rose 0.2%. But energy fell 0.5% and technology stocks were mixed. The Dow Jones index fell by 179 points or 0.6% after being down 268 points. The S&P 500 index eased 0.3% from record highs. But the Nasdaq index rose by 12 points or 0.1% to a record high. Over the week, the Dow rose by 0.6%; S&P 500 rose by 1.9%; and the Nasdaq rose by 4.2%.

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