ASX futures gain after US stocks ended their longest losing streak this year amid investor hopes for a dose of good news from America’s tech giants.
The Australian sharemarket is set to open stronger again as investors await the latest inflation figures, with ASX futures rising after Wall Street ended its longest slide this year amid a raft of corporate earnings. The Aussie dollar advanced.
The local bourse has a positive lead from Wall Street, where the benchmark S&P 500 index rose 0.7 per cent as of 6:15am AEDT ahead of tech giants Microsoft and Google’s parent company Alphabet reporting their results after the close. The Dow Jones Industrial Average added 0.8 per cent and the tech-heavy Nasdaq 100 gained 1 per cent.
“As these big tech stocks go, so does the overall market,” said David Trainer, chief executive officer of New Constructs. “Strong big tech earnings may just be what’s needed to end the stock market correction that started in late July. If big tech companies blow their numbers out of the water and provide strong guidance for future earnings, then we could see the stock market rally strongly through the end of the year.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ASX set to rise ahead of inflation report after big tech lifts Wall StreetASX futures gain after US stocks ended their longest losing streak this year amid investor hopes for a dose of good news from America’s tech giants.
Read more »
ASX set to rise ahead of inflation report after big tech lifts Wall StreetASX futures gain after US stocks ended their longest losing streak this year amid investor hopes for a dose of good news from America’s tech giants.
Read more »
ASX set to open lower after mixed Wall Street amid wild bond movesThe Australian sharemarket is fall at the open after a mixed day on Wall Street amid a renewed bout of bond market volatility, with investors awaiting earnings from a handful of big tech companies.
Read more »
ASX set to open lower after mixed Wall Street amid wild bond movesThe Australian sharemarket is fall at the open after a mixed day on Wall Street amid a renewed bout of bond market volatility, with investors awaiting earnings from a handful of big tech companies.
Read more »
ASX set to open lower after Wall Street wobbles amid wild bond movesThe Australian sharemarket is fall at the open after a mixed day on Wall Street amid a renewed bout of bond market volatility, with investors awaiting earnings from a handful of big tech companies.
Read more »
ASX 200 LIVE: ASX to fall, bond volatility persists as risks riseAustralian shares are set to open lower, following weakness in New York where bond yields swung wildly. Bitcoin leaps through $US31,000. Follow updates here.
Read more »