Australian Market Report of October 12: Watching the US Earnings Results

  Sydney, Australia, Oct 12, 2009 - (ABN Newswire) - Dow index hit a fresh 2009 high on Friday after the earnings season kicked off. Upbeat forecasts on IT giants IBM and Intel fueled the market's growing expectations over a profit recovery. S & amp;P's 500 and Nasdaq both gained more than 4.5 per cent for the week. The Australian market closed slightly lower on Friday as investors remained cautious to the US corporate results.  

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