May 6, 2014

Morning Market Report

A strong day on the markets, buoyed by encouraging sales results from David Jones.

The market is up 25 points. The Dow Jones was up 18 points at 16,531 — the market opened weaker due to escalating violence in Ukraine and concerns about the Chinese economy. Stocks recovered after a strong report on the services sector and maintained strength throughout the day. Volume was well below average in a 170 point range.

Ukraine — violence escalated and the Ukrainian government reported that four paramilitary police had been killed and a helicopter shot down. This comes after clashes broke out in six cities over the weekend and 46 people died on Friday.

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