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…