Business
ASX set for gains; uncertainty hovers over Wall Street – Sydney Morning Herald
A shakeup in stocks accelerated by the past week’s surge in Treasury yields has investors weighing how far a recent leadership rotation in the US equity market…
The Australian sharemarket is set for a positive start to the week, with futures on Saturday morning pointing to a gain of 29 points, or 0.4 per cent, at the open.
The two-track market left the benchmark S&P 500 down for the week, and sparked questions about whether it could sustain gains going forward if the tech and growth stocks that account for the biggest weights in the index struggle.
So far this year, the S&P 500, which gives more influence to stocks with larger market values, is up 1.5 per…
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