Business
ASX set to edge lower as Wall Street’s big rally taps the brakes – Sydney Morning Herald
US stocks are taking a pause from their big recent rally, and most stocks on Wall Street are edging lower following mixed and mostly muted movements for markets…
Traders also continue to hold out hope that Washington will deliver another round of financial aid for Americans and businesses hurt most by the pandemic. But if Congress fails to reach a deal to carry the economy through the winter, stocks could be set up for more declines.
The market is taking a much needed pause as it waits for answers on the stimulus package, said Quincy Krosby, chief market strategist at Prudential Financial. Will it be closer to a trillion or closer to $US500 billion? That’s…
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