Wall Street Rally Boosts Australian Stocks

  • 📰 abcnews
  • ⏱ Reading Time:
  • 25 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 83%

Finance News

Wall Street,Rally,Australian Stocks

A rally on Wall Street is likely to send Australian stocks higher, while oil prices eased on the lessening of fears about the Israel-Gaza war disrupting supply from the region.

Disclaimer: thisOn Wall Street: Dow up 1.6 per cent, S&P 500 up 1.2 per cent, Nasdaq up 1.2 per cent.Spot gold: Down 0.5 per cent to $US1995.85 an ounceIs Australia's economy facing a Wile E Coyote moment?

All three major US stock indexes closed up more than 1 per cent, bouncing back from the previous week's sell-off. Third-quarter earnings season, firing on all cylinders, has reached its halfway point, with 251 of the companies in the S&P 500 having reported. Of those, 78 per cent have beaten Wall Street estimates, according to LSEG.

In the coming week, Caterpillar, Apple, Pfizer and Starbucks are among the higher-profile companies expected to post results.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street Rally Expected to Boost Australian StocksA rally on Wall Street is likely to send Australian stocks higher, while oil prices eased on the lessening of fears about the Israel-Gaza war disrupting supply from the region.
Source: abcnews - 🏆 5. / 83 Read more »

Live updates: Australian share market to rise, Wall Street ends sharply higherA rally on Wall Street is likely to send Australian stocks higher, while oil prices ease on lessening fears about the Israel-Gaza war disrupting supply from the region. Follow the latest updates in our live blog.
Source: abcnews - 🏆 5. / 83 Read more »