Business
ASX set to slide lower despite Wall Street jump – Sydney Morning Herald
US stocks were up more than 1 per cent in late trade as signs of progress in developing a COVID-19 vaccine and a spurt of multibillion-dollar deals lifted investor optimism.
US stocks were up more than 1 per cent in late trade on Monday (US time) as signs of progress in developing a COVID-19 vaccine and a spurt of multibillion-dollar deals lifted investor optimism.
Nvidia jumped 5 per cent on plans to buy UK-based chip designer Arm from Japan’s SoftBank for as much as $US40 billion ($54.8 billion), in a deal set to reshape the global semiconductor landscape. The Philadelphia SE chip index rose 1.9.
Wall Street made a bright start to the week.Credit:AP
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