viewASX Ltd.

S&P/ASX 200 futures strong after US markets sharply rebound

S&P 500 Index closed up 4.22% and the Nasdaq Composite closed up 3.85%.

ASX Ltd. - S&P/ASX 200 futures strong after US sharply rebounds
Markets cheered Joe Biden who is now the favourite to win the Democratic nomination

S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) futures are pointing to a very strong open after US markets finished up around 4%.

Democratic nominee Joe Biden was become the favourite to go up against Donald Trump in this year’s election, which has been cheered by US investors.

The market has previously indicated it is cautious or afraid of Bernie Sanders’ more socialist policies.

While the coronavirus or COVID19 is still keeping volatility high, Super Tuesday took centre stage overnight.

The S&P 500 Index (INDEXSP:.INX) closed at 3,130.12, +126.75 or up 4.22% and the Nasdaq Composite (INDEXNASDAQ: .IXIC) closed at 9,018.09, +334.00 or up 3.85%.

A large number of ASX companies go ex-dividend today including Mcmillan Shakespeare (ASX:MMS), ASX Limited (ASX:ASX), BHP Limited (ASX:BHP), Ramsay Healthcare Ltd (ASX:RHC) and Rio Tinto Limited (ASX:RIO).

Gold and oil steady, AUD bounces off low

Gold is trading US$8 lower or -0.5% overnight at US$1,636 per ounce and Crude Oil WTI is steady overnight at S$47.27 per barrel.

The AUD has bounced off its 10-year low of around 64.5 cents versus the USD and is trading at 66.2 cents.



Quick facts: ASX Ltd.

Price: 77.24 AUD

Market: ASX
Market Cap: $14.95 billion

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...


FansUnite Entertainment pleased Canada taking a look at allowing single...

FansUnite Entertainment (CSE: FANS- OTCQB: FUNFF) President Darius Eghdami joined Steve Darling from Proactive with news the company is hailing the Canadian government’s decision to introduce legislation that would legalize single-event sports betting in Canada. Eghdami talks about why that...

1 day, 8 hours ago

2 min read