Business
Worried an end to global stimulus will crash the ASX 200?
The S&P/ASX 200 Index (ASX: XJO) joined the global share market rally on Friday, with the index finishing 0.8% higher.
That comes after US share markets posted strong gains on Thursday (overnight Aussie time).
The tech heavy Nasdaq Composite (INDEXNASDAQ: .IXIC) gained 2.5%, bringing it within 5% of its record highs after having entered correction territory (down 10%) just last week.
Meanwhile, the Dow Jones Industrial Average (INDEXDJX: .DJI) closed up 0.6% for a new all-time high.
Investors’ animal spirits have been stoked by the latest US$1.9 trillion stimulus injection waved through by United States President Joe Biden.
As Chris Gaffney, president of world markets at TIAA Bank puts it, “The administration has slipped a…
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