Business
Wall Street gains amid stimulus hope; ASX futures rise – Sydney Morning Herald
Wall Street was rallying overnight with rising hope that Washington may break through its partisanship to deliver more aid for the world’s largest economy.
But momentum slowed sharply at the end of the quarter, and the S&P 500 lost 3.9 per cent in September for its first monthly loss since the market was selling off in March. A long list of worries dogged Wall Street, headlined by concerns that the Big Tech stocks dominating the market simply got too expensive following their tremendous run to records.
Trading has also been notably erratic recently, with momentum veering sharply in several different directions during a single day.
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