Australian Stocks Edge Higher with Gains in Financials and IT Sectors
The S&P/ASX 200 index in Australia closed slightly higher with gains in the Financials, IT, and Industrials sectors.
The S&P/ASX 200 index in Australia closed slightly higher with gains in the Financials, IT, and Industrials sectors.
Dick’s Sporting Goods and Palo Alto Networks have reported strong Q4 results and are expected to show growth in Q1.
Investors pushed stocks upward as inflation data looms and the Nasdaq seeks a four-day streak.
Friday’s trading could turn around the U.S. stock market, which is currently set to end the year with a decrease of more than 19%.
BofA analyst raised Dick’s Sporting Goods (NYSE: DKS) price target to $125 per share from $105 on Friday.
U.S. stocks have regained some of their losses from the beginning of the year but have recently fallen again.