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US stocks jump as election outcome nears and Aussie dollar surges towards 73 US cents – ABC News
Australian shares are higher in early trade amid a robust session on Wall Street as Democratic Party candidate Joe Biden made headway in the US presidential election,…
Australian stocks have rallied in early trade as the US presidential election hangs in the balance with investors hoping that a divided Congress will halt big policy changes like tax increases or a break-up of tech giants.
Key points:
- Dow rose 2 per cent to 28,390, S&P 500 rose 1.9 per cent to 3,510
- Aussie dollar jumps to nearly 73 US cents, up one cent overnight
- Federal Reserve keeps US official interest rates unchanged
At 10:20am AEDT, the ASX 200 index was up 1 per cent or 60 points to 6,199 with…
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