Before the Bell: ASX to rise, Nasdaq rallies on tech rebound
Australian shares are set to open higher. Consumer discretionary stocks powered S&P 500 gains. Bitcoin flirts with $US31,000.
Stay updated with breaking news from Tim Quinlan. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Australian shares are set to open higher. Consumer discretionary stocks powered S&P 500 gains. Bitcoin flirts with $US31,000.
Real-time index price for S&P 500 Information Technology [Sector] (SRIT), along with buy or sell indicators, analysis, charts, historical performance, news and more
U.S. retail sales unexpectedly rose in May as consumers stepped up purchases of motor vehicles and building materials, which could help to stave off a dreaded recession in the near term. While other data on Thursday showed first-time applications for state unemployment benefits holding steady last week at more than a 1-1/2-year high, indicating layoffs could be rising, economists continued to view the labor market as tight. Minnesota recently changed policy to make non-instructional educational
Consumers are proving to be more resilient than many market experts had expected in the tough economic climate.
Most economists expect consumer spending will support the US economy despite rising risks of a recession