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ASX set to open lower; Yellen eyes stock volatility – Sydney Morning Herald

The ASX is set for a negative start to the session despite Wall Street moving higher on the back of strong earnings reports from Big Tech companies and hopes for…

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Stocks edged higher in afternoon trading on Wednesday (US time), as investors turn their focus to some strong earnings reports from Big Tech companies and hopes for getting more economic stimulus passed in Washington.
Investors also continue to watch shares of companies such as GameStop and AMC Entertainment, which have been targeted by a community of online investors seeking to force their stock prices higher. Both stocks were up modestly in early trading, after plunging sharply the last two days.

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