Business
ASX drops despite promises of more US stimulus
Welcome back to the first Foolish Weekly Wrap of 2021! The S&P/ASX 200 Index (ASX: XJO) had a muted week last week, dropping 0.6% despite a raft of positive developments for ASX shares.
The leading story was the late-week announcement of another massive stimulus package over in the United States. President-elect Joe Biden made the announcement on Friday morning (our time) and told Americans that his plan ‘doesn’t come cheap’ but is necessary to help the US economy transition to a post-COVID, vaccinated future.
The US$1.9 trillion plan involves another round of US$1,400 stimulus cheques as well as funding injections for vaccine rollout efforts, among other provisions.
The markets reacted positively to the announcement on…
-
Noosa News15 hours agoQueensland weather forecast sees sunny weather for last week of winter
-
Noosa News17 hours agoForum responds to urgent homelessness issues in Nambour
-
Business14 hours agoDoes Macquarie rate BHP shares a buy after its FY25 results?
-
General18 hours agoFirst home buyers score early access to deposit scheme