Market Watch
Market rides on economic recovery, but tech stays tepid
Expect more US Fedspeak and keep an eye on news on inflation, tapering discussions
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One of the most closely watched earnings was that of Singtel. The stock of the telco giant was one of the five most traded counters on the Singapore Exchange after it reported a $445 million net profit for its April-to-June first quarter, a turnaround from a net loss of $20 million in the same period a year earlier.
PHOTO: SINGTEL
Another week and another high for Wall Street stocks despite confusing Fedspeak and taper tantrums.
The Dow closed at 35,515.38 last Friday, for a 306.87-point gain for the week.