Business
ASX to rise as S&P and Nasdaq push for records again – The Australian Financial Review
Wall Street looked set to close on record highs for a second week in a row after confirming a bull market and the fastest recovery from a bear market trough in history.
LPL Economics points out that with fewer than 20 S&P 500 companies left to report results, S&P 500 earnings for the second quarter are tracking to a 32 per cent year-over-year decline, an impressive 13 percentage points above estimates when earnings season began.
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Market highlights
ASX futures up 21 points or 0.3% to 6114 near 4.38am AEST
- AUD flat to 71.64 US cents
- On Wall St: Dow +0.9% S&P 500 +0.7% Nasdaq +0.4%
- In Ne…
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