Business
Nasdaq surges to best day in almost a year as tech shares roar – Sydney Morning Herald
A surge in the stocks of beaten-down technology companies on Wall Street has the ASX set for a positive open this morning.
Were going through a regime change and its not dissimilar to what we saw last year, said Kristina Hooper, chief global market strategist at Invesco. Now were seeing the reverse of that and an abrupt move like that creates an environment in which investors start to worry about valuations.
Striking the correction level for the Nasdaq is also important for many investors and traders who use technical indicators to decide when to buy or sell stocks. A correction is typically seen as a healthy moment…
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