Connect with us

Business

US stocks turn mixed as buyers rush in, ASX futures pare losses – The Australian Financial Review

Australian shares are poised to open lower, though far less than earlier bets as Wall Street reversed earlier losses. The Dow turns positive after initial 360 point…

Published

on

The Nasdaq shed near 4 per cent to start the session. By 3.42pm it had pared its losses to 0.2 per cent.
The market open today sure felt like a mini-flash crash with stocks universally gapping down big, Fundstrat Globals Tom Lee said.
However Mr Lee said investors should hold their nerve. We are steady buyers as we see multiple supports for stocks but stick with epicentre, they are underowned, not crowded trades.
Mr Lee is referring to those companies hit hardest by the pandemic including travel,…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

Article feature image
GameStop share price up 100 per cent as Reddit’s WallStreetBets celebrates – NEWS.com.au
Liberty Financial (ASX:LFG) share price closes higher. Here’s why