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.

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