ASX to open higher after Alphabet and Microsoft help Wall St rally
Stocks have broadly been under pressure this month after hopes withered for multiple cuts to interest rates this year by the Federal Reserve.
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Stocks have broadly been under pressure this month after hopes withered for multiple cuts to interest rates this year by the Federal Reserve.
"Higher rates are intended to cool consumer demand; the trouble for the Fed is: it's not working."
"Higher rates are intended to cool consumer demand; the trouble for the Fed is: it's not working."
Alphabet and Microsoft led the U.S. stock market to its first winning week in the last four and its biggest weekly gain since November. The S&P 500 rose 1% Friday.
NEW YORK -- The best week for U.S. stocks since November closed out with more gains thanks to Alphabet and Microsoft on Friday.