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ASX falls on mining and energy, while local tech stocks follow Wall Street’s gains – ABC News
Australia’s tech sector is following its heavyweight US counterpart higher, but the local market’s concentration in resources and energy is pulling the ASX down…
Australia’s tech sector is following its heavyweight US counterpart higher, but the local market’s concentration in resources and energy is pulling the ASX down overall.
Key points:
- The Nasdaq jumped 1.4 per cent, versus a smaller 0.5 per cent gain for the S&P 500 and 0.1 per cent for the Dow
- Online retailers and Netflix were among the strongest performers on the US market
- Traders are closely watching progress of negotiations over another US economic stimulus packag…
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