Business
Wall Street taps the brakes following its record-setting run – Sydney Morning Herald
US stocks are taking a pause from their big rally this month that vaulted them back to record heights as virus concerns hover.
All three indexes pared their losses as the day progressed. The S&P 500 had been down as much as 1.1 per cent earlier. Despite the soft lead, the Australian sharemarket is poised to open higher, with futures at 4.58am AEDT pointing to a gain of 13 points, or 0.2 per cent, at the open.
Stocks in the pharmacy business were among the biggest drags on the market after Amazon targeted them as the latest industry its trying to upend. The retailing behemoth opened an online pharmacy Tuesday that allows…
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