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ASX up 0.9% as banks, supermarkets, and utilities lead – The Sydney Morning Herald
The S&P/ASX 200 has opened higher and was up nearly 60 points just before 11am, with information technology and real estate early out-performers.
Of the 11 major sectors in the S&P 500, only tech and real estate ended the session in positive territory.
“Today the market is catching its breath,” said Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina. “It’s digesting the two big pieces of news we’ve gotten in the last 24 hours, the stimulus and the new COVID strain.”
Apple was an outlier amid a broad sell-off, gaining 2.8% and providing the biggest lift to the S&P 500 and the Nasdaq on news of the company’s…
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