Business
‘Goldilocks Gridlock’: ASX to open higher after Wall Street rallies on – Sydney Morning Herald
The local sharemarket is set to open stronger on Friday as stocks continued riding Wall Street’s post-election wave overnight, with investors betting on the continuation…
The Dow Jones Industrial Average was up 567 points, or 2 per cent, at 28,415, in early afternoon trading local time, and the Nasdaq composite was 2.6 per cent higher.
Technology stocks were helping to lead the way, as they have through the pandemic and for years before that. Rising expectations that Republicans can hold on to the Senate are easing investors worries that a Democratic-controlled Washington would beef up antitrust laws and go after Big Tech more aggressively.
Apple, Microsoft, Amazon,…
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