Business
ASX set to jump despite mixed Wall Street session – Sydney Morning Herald
The ASX is set for a bright opening despite a global rally on the back of a potential vaccine slowing, while tech stocks also fell sharply.
The S&P 500 and the Nasdaq fell on Tuesday (US time) as excitement over signs of a first successful late-stage COVID-19 vaccine trial faded, while investors continued to pull money out of some Big Tech companies that have benefited most from the pandemic.
Amazon.com, Facebook and Microsoft, which have boomed during this year’s work-from-home shift and powered Wall Street to new highs, extended Monday’s losses and pulled the tech-heavy Nasdaq down about 1.3 per cent.
Wall Street is having a mixed…
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