Business
ASX set to slip despite another bright Wall Street session – Sydney Morning Herald
The Australian sharemarket is set to slide lower at the open despite Wall Street being poised to continue its winning run.
Stocks are moving higher yet again on Monday (US time), adding to a streak that gave the market its best weekly gain since November last week. Investors continue to be focused on company earnings and the higher prospects for more economic stimulus to combat the impact of the coronavirus.
In mid-afternoon trade, the S&P 500 is up 0.3 per cent , the Dow Jones Industrial Average has added 0.4 per cent and and the Nasdaq is 0.5 per cent higher. Small-company stocks continued to far outpace the rest…
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