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US stock market report – TSLA, AMZN stock end higher

On the global and US stock markets overnight, both US and European markets reached records, powered by signs that stimulus cheques are feeding into the real economy and suggesting the recovery may still have legs.

The S&P/ASX 200 (ASX: XJO) and All Ordinaries (ASX: XAO) are both expected to open higher on Friday. See Rask Media’s daily ASX 200 morning report.

The Dow Jones Index (DJI) finished 0.9% higher, the S&P500 (INX) 1.1% and the Nasdaq 100 1.3%, with the healthcare, technology and real estate sectors the strongest.

US stock report:

It appears the US$1,400 stimulus cheques didn’t stay in savings accounts for long, with retail sales jumping 9.8% in March, a record beaten only by the growth last May.

Bars and restaurants were the standouts with sales jumping 13.4% and clothing 18.0% for the month alone.

How to buy and invest in US stocks (from Australia)

In speaking with a number of fund managers this week the strength of this consumer recovery is not yet fully appreciated by the market, representing 70% of the economy there may well be some surprises to come. World-beating Taiwan Semi-Conductor Manufacturing Co (TPE:2230) stock jumped 1.1% after reporting a 19% increase in first-quarter profit.

As a key holding in the Platinum Investment Management (ASX: PTM) and Munro Partners strategies, Taiwan Semi-Conductor has benefitted from a huge boost in the demand for high power processing chips.

The company’s profit was supported by a 17% revenue increase, as gaming console and electronic demand led to a shortage; North American revenue continues to take up 2/3rds of the company’s sales.

The Golden Rules of Investing

We might be experts in retirement, but with combined financial advice experience of 35+ years, we’ve nearly seen it all. 

In mid-2023, our senior team at Wattle Partners Financial Planning put the finishing touches on a brand-new report “The Golden Rules of Investing“.

In this free report, we outline the key principles that determine all of the portfolio construction and investment decisions of Wattle Partners. Collated over decades, this paper should be seen as a work-in-progress, constantly under review in light of the ever-evolving nature of markets. 

You’ll find the free report on my Author page. Simply click the button below to view the Golden Rules.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.


At the time of publishing, the author of this article does not have a financial or commercial interest in any of the companies mentioned

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Wattle Partners is a financial advice firm, servicing clients around Australia, specialising in retirement planning (pre and post retirement). 

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