Business
ASX rises after Wall Street rebound – ABC News
Australian shares yo-yo in morning trading after Wall Street snaps back from a two-day decline. The iron ore price eases from record levels, while AGL and AMP stocks…
The Australian stock market has had a yo-yo morning of trade after Wall Street reversed some of the losses from its two-day decline.
Key points:
- Netflix shares fell 7 per cent following disappointing quarterly results
- Investors piled into shares poised to benefit from economic recovery
- European markets were also up
The benchmark ASX 200 was up 0.3 per cent to 7,022, and the broader All Ordinaries had a similar gain to 7,281, by 12:20pm AEST.
However, the benchmark index of the top 200 stocks ranged…
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