ASX continues to hit post-COVID highs // Motley Fool Australia

Last week,  we discussed how the S&P/ASX 200 Index (ASX: XJO) hit its highest levels since March, when the market was in a coronavirus-induced freefall. The previous week saw the highest the ASX 200 has been since that fateful crash. But last week, the index built on those highs and climbed even higher. The ASX 200 closed at 6,405 points on Friday, after climbing another 3.5% last week. That looks pretty good against the previous week’s 6,190-point close.

Where the previous week’s gains were likely driven by the outcome of the United States Presidential election, as well as the Reserve Bank of Australia (RBA)’s move to once again cut interest rates to another all-time low (0.1%), last week’s moves seem to be driven by…