The S&P/ASX200 closed up Friday, gaining 27 points or 0.36% to 7,538, gaining momentum into the close for a hat-trick of all time highs

The S&P/ASX200 closed up Friday, gaining 27 points or 0.36% to 7,538, gaining momentum into the close for a hat-trick of all-time highs. On the rotation front, iron ore prices crashed over 7%, the materials sector dragging while energy, industrials and three of the four big banks rose to the occasion. News Corp up 7.5% on some bumper numbers and the alluring prospect of being in the pay of Messrs Facebook and Google. Really good numbers from News' offspring REA Group too, but with a less Zuckerbergy outlook, investors took profits, REA closing 5.3% down.Our top VODs:Mathan's risk and reward equation this reporting seasonDividends and expectations; why cashing in this reporting season will have its pitfalls Hosted on Acast. See acast.com/privacy for more information.