Business
ASX bounces back after overnight tech rally; All sectors ahead – The Sydney Morning Herald
The Australian sharemarket rose by as much as 1.5% on Wednesday after US tech giant Amazon led an overnight Wall Street rebound.
“The market is looking for some stability. Once again investors and traders are going to look to names that had gotten unduly beaten up,” said Kenny Polcari, chief market strategist at SlateStone Wealth LLC in Jupiter, Florida.
Seven of the 11 major S&P 500 sector indexes closed higher, led by information technology and consumer discretionary.
US stocks on Monday extended a three-week losing streak as fears of a new round of lockdowns in Europe and the stalemate in Congress over the size a…
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