Business
ASX set to jump as Wall Street rally gains steam – Sydney Morning Herald
Wall Street’s main indexes rose for a fourth straight session on optimism that a deal for a coronavirus relief package would eventually be reached.
The S&P 500 was about 1 per cent below its record closing high from Sept. 2, nearly recovering from most of a 9 per cent pullback last month.
“Apple is crushing it. There’s some euphoria around the name,” said Phil Blancato, chief executive of Ladenburg Thalmann Asset Management in New York. “The market leaders are once again the tech names, supported by the fact that the economy continues to expand.”
Optimistic sentiment dominated after the Trump administration on Sunday called on Congres…
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