Business
ASX set for gains as Wall Street jumps higher – Sydney Morning Herald
Stocks were sharply higher in afternoon trading on Monday in New York, following a bumpy week that left the market with its worst weekly loss since October.
Stocks closed higher on Wall Street Monday, recovering some of the ground they lost last week in their biggest weekly drop since October.
The S&P 500 index rose 1.6 per cent, the Dow Jones added 0.8 per cent and the tech-heavy Nasdaq surged by 2.6 per cent. Investors large and small continued to focus on GameStop and other stocks targeted by online traders hoping to inflict damage on hedge funds. Investors are watching negotiations in Washington over President Joe Bidens proposed $US1.9 trillion…
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