Trading Day: ASX rises slightly to post-pandemic high as US futures rise
The S&P/ASX 200 rose 0.2% to a post-pandemic high of 7082.3 as US futures jumped on gains in Facebook and Apple. Woolworths drops on sales update. Energy Australia announces Catherine Tanna's replacement. New ASIC boss named.
Welcome to the Trading Day blog for Thursday, April 29. The S&P/ASX 200 rose to a post-pandemic high as US futures jumped on gains in Facebook and Apple. Woolworths dives on sales update but Coles jumps on broker upgrades. Gold miners are higher. Energy Australia, ASIC announce new execs.
Wall Street indexes closed in the red. The Dow fell 0.5 per cent, the S&P 500 shed 0.1 per cent and the Nasdaq lost 0.3 per cent.
The Fed cited a strengthening US economy as it kept its policy unchanged, while European markets were slightly higher.
US President Joe Biden called for higher taxes on wealthy Americans and corporations as he sought ways to pay for his massive spending proposals aimed at improving infrastructure and the workforce.
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