Live: ASX set to edge higher after Nvidia-fuelled Wall Street rally
Australian shares are set to tick higher after tech giant Nvidia drove a rally in US technology stocks. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
The ASX is poised for a slight increase at the open, following a strong performance in US markets. Nvidia's impressive earnings helped fuel a rally in technology stocks, driving Wall Street higher. The Nasdaq climbed 1.57%, the S&P 500 gained 0.72%, and the Dow added 0.2%. As traders monitor Federal Reserve Chair Kevin Warsh's upcoming Jackson Hole speech, the Australian dollar held steady overnight, trading just under 0.72.
Written by urgent.news from ABC News AU's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
