Business
Wall Street hits new highs while Russian markets tumble amid US sanctions – ABC News
The Australian share market loses ground and the All Ordinaries index pulls back from its record high despite Wall Street hitting new record highs overnight.
The Australian share market has pulled back after reaching a 14-month high yesterday, despite more records on Wall Street overnight.
Key points:
- Australian shares edged lower as the market ran out of steam
- US stocks hit record levels as major companies posted strong quarterly earnings
- The Dow Jones rose 0.9pc to 34,036, the S&P 500 rose 1.1pc to 4,170, and the Nasdaq rose 1.3pc to 14,039
The All Ordinaries reached a record high in yesterday’s trade, but at 1:00pm AEST was down nearly 0.3 per cent…
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