Business
ASX set to jump on Wall Street rebound; Bitcoin surges – Sydney Morning Herald
Investors regain their appetite for risk after the market notched two straight weeks of losses.
Technology companies are leading a broad rally on Wall Street in afternoon trading on Monday (US time) as investors regain an appetite for risk after the market notched two straight weeks of losses.
The S&P 500 index was up 1.3 per cent, the Dow Jones has added 0.7 per cent and the tech-heavy Nasdaq Composite is 1.8 per cent. It sets up the Australian sharemarket for gains, with futures at 4.59am AEST pointing to a jump of 29 points, or 0.4 per cent, at the open.
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