Global update : Great action in US on Friday, after a long wait Dow made a new record, jumped 250 points

Great action in the US on Friday. After a long wait, Dow made a new record, jumped 250 points. Good buying in Nasdaq and S&P 500. Another good day for small cap stocks. Russell 2000 closed up 1%. Results of big banks better than expected. Good results from JP Morgan and Citigroup. Action in the market due to increasing expectations of interest rate cut.