Business
ASX set to edge higher as Wall Street rally runs out of puff; Peloton shares dive – Sydney Morning Herald
Wall Street is slightly higher in late trade, making up for some of the market’s losses from a day earlier.
Major Wall Street indexes closed mixed on Wednesday (US time) after an early technology company rebound faded, tempering the markets recovery from a sell-off a day earlier.
The S&P 500 eked out a 0.1 per cent gain after having been up 0.7 per cent in the early going. The Dow Jones Industrial Average managed a 0.3 per cent gain, while the tech-heavy Nasdaq slid 0.4 per cent. The Australian sharemarket is poised to inch higher, with futures at 6.59am AEST pointing to a gain of 5 points, or 0.1 per…
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