Business
Dow Jones hits record as inflation fears recede – Sydney Morning Herald
Wall Street advances higher across the board, setting up the ASX to open higher this morning.
Rising yields have weighed on technology shares as they rely on cheap funding for growth.
Investors are shifting funds from tech stocks with lofty valuations to other groups, such as energy and financials, that are undervalued and more of a play on an improving economy in a post-COVID world than big tech is, said Peter Tuz, president of Chase Investment Counsel in Virginia.
It is occurring in fits and starts, Tuz said. That is essentially the overwhelming theme in the market right now and it probably…
-
Noosa News23 hours agoBali traveller sparks urgent measles alert across Queensland
-
Noosa News23 hours agoQueensland man sentenced to four years imprisonment after string of terror offences
-
Business23 hours agoThe best ASX ETFs for compounding wealth until 2040
-
Noosa News22 hours agoMeasles alert issued south of Brisbane after traveller tests positive