Business
ASX to rise as Wall Street tech rally continues – Sydney Morning Herald
Worries about rising US inflation subsided, while a bigger-than-expected fall in weekly jobless claims and the signing of a massive stimulus bill reinforced expectations…
The Dow Jones Industrial Average rose 188.57 points, or 0.58 per cent, to 32,485.59, the S&P 500 gained 40.46 points, or 1.04 per cent, to 3,939.27 and the Nasdaq Composite added 329.84 points, or 2.52 per cent, to 13,398.67.
Fewer than expected Americans filed new claims for unemployment benefits last week as vaccinations allow more segments of the economy to reopen.
The drop in jobless claims is another win for the week, and a solid sign that were making some strides toward pre-pandemic life,…
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