Business
ASX set for bright start despite tech giants dragging down Wall Street – Sydney Morning Herald
Tech shares dragged Wall Street down, but the Australian sharemarket is poised to start the day in positive territory.
He expects tech-related names to bounce back before the end of the year.
While the S&P 500 technology index weighed the most on the benchmark index, the S&P 500 real estate sector and financials also sold off sharply.
Adding to concerns around a stalling recovery, the Labor Department’s report showed the number of Americans filing new claims for unemployment benefits fell last week, but remained perched at extremely high levels.
On Wednesday, the Federal Reserve pledged to keep intere…
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