MARKET OPEN: Investors may be guardedly optimistic as US rally continues

Mon, 03 Aug 2020

The domestic market may continue to track Wall Street higher but local investors will keep a wary eye on the rising number of covid-19 cases in Australia as well as US negotiations on fresh stimulus measures. Wall Street ended higher on Friday, boosted when Apple, Amazon, Google-parent Alphabet and Facebook got solid lifts on the back of strong earnings. Apple was the stand-out, jumping 10.5 percent and adding US$172 billion to its market value. The Dow Jones Industrial Average added 0.4 percent Friday, the S&P added 0.8 percent while th...

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