Business
ASX set to rise as Wall Street rebounds but Netflix slumps on slower growth – Sydney Morning Herald
The ASX is set to push towards 7000 this morning as Wall Street rebounded.
Technology companies and banks helped lift stocks on Wall Street broadly higher on Wednesday (US time), enabling the market to claw back some of its losses after a downbeat start to the week.
The S&P 500 rose 0.9 per cent, snapping a two-day slide. Most of the companies in the benchmark index rose, with technology, financial, and health care stocks accounting for a big share of the gains. Tesla, Amazon and other companies that rely directly on consumer spending also rose. Communication and utilities…
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