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ASX set for strong gains after Wall Street rallies; Boeing weighs on Dow

The Australian sharemarket is set to jump higher at the open after Wall Street’s Nasdaq index soared more than 2 per cent overnight as a fall in bond yields helped lift megacap stocks. A slump in Boeing shares limited gains on the Dow Industrials. ASX futures were up 75 points, or 1 per cent, at 7507 as of 7:47am AEDT following the strong gains in New York. The S&P 500 rose 1.3 per cent to 4760.19 and the Nasdaq Composite rallied 2.2 per cent in late trading, while the Dow Jones Industrial Average added 0.6 per cent. The Australian dollar traded unchanged at 67.16 US cents. Australia’s S&P/ASX 200 lost 0.5 per cent to 7451.5 on…

ASX set for strong gains after Wall Street rallies; Boeing weighs on Dow

The Australian sharemarket is set to jump higher at the open after Wall Street’s Nasdaq index soared more than 2 per cent overnight as a fall in bond yields helped lift megacap stocks. A slump in Boeing shares limited gains on the Dow Industrials. ASX futures were up 82 points, or 1.1 per cent, at 7514 as of 7:59am AEDT following the strong gains in New York. The S&P 500 closed 1.4 per cent higher at 4763.54 and the Nasdaq Composite rallied 2.2 per cent, while the Dow Jones Industrial Average added 0.6 per cent. The Australian dollar traded unchanged at 67.16 US cents. Australia’s S&P/ASX 200 lost 0.5 per cent to 7451.5 on Monday…

American Gasoline Prices Could Plunge Below $3 A Gallon

The U.S. national average price per gallon of gasoline could decline to under $3 for the first time since 2021, amid sluggish demand, GasBuddy’s Patrick De Haan said on Monday. Gasoline prices have fallen for the second straight week, down 3.8 cents from a week ago to $3.03 per gallon as of Sunday. Compared to a month ago, the average price per gallon is down 12.2 cents, while prices are down 22 cents compared to a year ago, according to GasBuddy data. if(window.innerWidthADVERTISEMENTfreestar.config.enabled_slots.push({ placementName: "oilprice_medrec_atf", slotId: "oilprice_medrec_atf" });';document.write(write_html);} “With a…

Gas Price Prediction; Will Gas Crypto Price Regain $20 Level?

The Gas (GAS) price has been in a strong downtrend and the bears are dominating. The GAS price is staying near the $6 hurdle. Since mid-October, the GAS price has been in a strong bullish trend and the price rose by 1000% in three weeks. However, on November 11, 2023, the GAS price declined by 53% on a single trading day. The GAS price has witnessed a slow and steady fall since mid-November which suggests that the bulls are strong. The price of GAS is at $5.89 with an intraday loss of 2.50% on Saturday. The market capitalization is $388.44 million with a fall of 0.36% within 24 hours. In terms of the market capitalization, the GAS…

San Jose Chamber new CEO hits ground running, crafts early priorities

SAN JOSE — Leah Toeniskoetter, the new CEO of the San Jose Chamber of Commerce, has hit the ground running as the head of a business group that seeks strong leadership after recent years of turmoil and turnover. “I’m observing and listening,” Toeniskoetter, the chamber’s new president and chief executive officer, said in an interview with this news organization on Monday. “I need to understand what our members’ needs are and to attend to those needs.” Toeniskoetter met and chatted on Monday with business leaders and others as part of a monthly “coffee and connections” gathering at the organization’s downtown San Jose offices. She…