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ASX set to edge higher; Wall Street braces for more earnings – Sydney Morning Herald
The Australian sharemarket is set to inch higher this morning, as Wall Street eyes more earnings after closing out a choppy week of trading with a broad rally.
Wall Street closed out a choppy week of trading with a broad rally, though the gains were not enough to keep the S&P 500 from its first weekly loss in the last five.
The benchmark index rose 1.1 per cent on Friday (US time), clawing back all of its losses from a day earlier. It posted a 0.1 per cent loss for the week. The gains were shared broadly by nearly every sector in the index. Technology companies accounted for a big slice of the rally, along with banks, communication stocks and companies…
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