ASX Set to Rise as Wall Street Advances and Oil Prices Extend Slide

Most of Wall Street rises while computer chipmaker stocks slide worldwide and oil prices ease from recent highs.

Justin Tomlinson

Editor-in-Chief, Mora Discover

3 sources
ASX Set to Rise as Wall Street Advances and Oil Prices Extend Slide

Most of Wall Street is rising even as shares of computer chipmakers continue to tumble worldwide. Australian markets are also preparing for gains, with the ASX set to rise in line with the broader momentum seen across international exchanges.[1][2][3]

In commodity trading, oil prices are extending their slide and easing further from the two-month high reached last week. Meanwhile, tech giant Apple has hit a major financial milestone, becoming a $US5 trillion company.[1][2][3]

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