Business
ASX to rise, tech rally lifts S&P 500 to new high – The Australian Financial Review
Australian shares are poised for a modest advance on the first day of April as techs staged a quarter-end rally in New York.
The NYSE Fang+ Index was 1.7 per cent higher, paring some of its earlier gains; Apple rose 1.9 per cent; Facebook was up 2.3 per cent; Microsoft gained 1.7 per cent. Tesla advanced 5.1 per cent.
Todays market is back to technology and away from the industrial economic reopening and certainly infrastructure stocks that were in focus yesterday, Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago, told Reuters.
Its very much a binary market – either technology or economic reopening…
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