Business
ASX to slip; Wall St, bitcoin, oil, iron ore rally – The Australian Financial Review
Australian shares were poised to open lower. In contrast, US stocks reset record highs. Bitcoin leaps. Oil tops $US60 a barrel.
Near 2.30pm, the Dow was up 136 points or 0.4 per cent to 31,284; the S&P 500 was up 0.3 per cent to 3900.
S&P 500 companies were now on track to post earnings growth for the fourth quarter as opposed to a prior forecast of decline, according to Refinitiv IBES data.
LPL Financial lifted its our year-end 2021 fair value target range for the S&P 500 to 40504100 (46pc above the February 5 close). The new target range is based on a price-to-earnings ratio of just below 21 times our 2022 earnings per…
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