Australian Market Report of March 16: End of the Bear Market?
Wall Street stocks extended the rising streak for the fourth day on Friday over the upbeat expectation that the bear market was close to the end. On Friday the Australian stocks posted a strong gain with financial sector soaring 5.3%, capping the best week for the market in three months. The benchmark S&P/ASX200 index ended 3.4% higher, or 109.7 points, at 3345.2, while the broader All Ordinaries index was up 3.3%, or 104.3 points, at 3294.7. The ASX200 rose 6% for the week. But analysts say …
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