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ASX trades at 14 month high amid new records on Wall Street – ABC News
The Australian share market is holding around 14 month highs as Wall Street reaches new records amid strong economic data and falling bond yields.
The Australian sharemarket has edged higher in early trade after the All Ordinaries index hit a record high yesterday and after new records on Wall Street.
Key points:
- US stocks have hit record levels as major companies post strong quarterly earnings
- Dow Jones index rises 0.9pc to 34,036, S&P 500 rises 1.1pc to 4,170, and the Nasdaq rises 1.3pc to 14,039
- US retail sales have jumped 9.8pc in March as more government stimulus boosts consumer spending
The ASX rose nearly 0.1 per cent in early trade…
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