Business
ASX set for bright start as Wall Street gets another vaccine boost – Sydney Morning Herald
investors received several pieces of encouraging news on COVID-19 vaccines and treatments, tempering concerns over rising virus cases and business restrictions.
“It’s Monday vaccine trade day,” said Ken Polcari, managing partner at Kace Capital Advisors in Jupiter, Florida.
“As they move out of those growth names, it’s still this continued move into larger cyclical, value names which is why you see the Dow performing so well and the Nasdaq under some pressure.”
Declines in technology and tech-related heavyweight names such as Apple and Netflix muted gains as investors rotated out of stocks seen as safe bets following a coronavirus-led crash earlier this…
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