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Quantum Torus

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19/01/24

16:15

Post #: 71967802
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Originally posted by highlandlad: ↑

Thanks afternoon crew.

End-of-day summary:

A challenging week for stock investors ended with a bounce as tech and bank stocks helped the ASX claw back some losses.

The ASX 200 rallied 75 points or 1.02% this afternoon. The index's first advance of the week halved its five-day loss to 77 points or 1.03%.

Wall Street laid the groundwork for today's rebound with a tech-led rally overnight. The Nasdaq surged 1.35% as an upbeat forecast for chip demand and a broker upgrade for Apple encouraged buyers to look past questions about how soon rate cuts will commence.

The ASX tech sector jumped 3% as Xero, Weebit Nano and Wisetech took wing. The financial sector logged its strongest close since August, with the big four banks gaining at least 0.7%.

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Good to see you still here HHL.
Keep it up.
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