ASX set to jump as Wall Street rebounds; Nvidia results ahead
The US stock market is recovering as Wall Street shows signs of rebound after recent pressures. The S&P 500 and other major indices experienced gains, with the Australian sharemarket also expected to rise. Easing bond yields and a pullback in oil prices contributed to this positive momentum.
- ▪The S&P 500 climbed 0.9 percent, nearing its all-time high.
- ▪The Dow Jones increased by 603 points, or 1.2 percent.
- ▪The Australian sharemarket is projected to gain 116 points at the open.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.