US markets saw some of the ‘best performances’ in recent months last week

CommSec’s Tom Piotrowski says last week the US markets saw some of the “best performances” in recent months. “We saw some of the best performances in recent months from US markets as far as last week was concerned,” Mr Piotrowski told Sky News Australia. “The Nasdaq rose by almost three per cent; the S&P 500 was up by 2.3 per cent. “So, the point to make here is that those gains come in a week where the US Federal Reserve essentially told us that we can expect considerable rate cuts in the near term – as many as three.” Presented by CommSec.