Business
ASX set to jump higher as Wall Street ends losing streak – Sydney Morning Herald
The Australian sharemarket is poised for a bright open as Wall Street closes in on breaking a three-day losing streak.
Technology companies led broad gains for stocks on Wall Street on Thursday (US time), ending a three-day losing streak for major US indexes.
Investors were encouraged by the latest jobs data that showed fewer Americans filing for unemployment benefits, another sign that the economic recovery is underway.
Wall Street is set to end a three-session losing streak.Credit:AP
The S&P 500 gained 1.1 per cent. The benchmark index is still on track for its second straight weekly loss. Wall Streets rebound…
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