Business
ASX set for positive start as Wall Street edges higher – Sydney Morning Herald
Markets have been bumpy over the last few days as investors move past a stellar corporate earnings season and await additional clues on economic growth.
Investors bid up shares in several retailers that delivered strong quarterly report cards. Dicks Sporting Goods jumped 16.9 per cent after reporting a surge in first-quarter sales and solid earnings as team sports returned. Urban Outfitters rose 10 per cent and Abercrombie & Fitch climbed 7.8 per cent on similarly strong financial results.
Retailers, hotels and cruise lines are poised for growth as more people get back to some semblance of normal with vaccinations increasing and the pandemic seemingly…
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