By Stan Choe
Copyright brisbanetimes
US stocks edged higher to reset record highs on Thursday as technology stocks keep rising and as Wall Street keeps ignoring the shutdown of the US government.
The S&P 500 rose 0.1 per cent, the Dow Jones added 0.2 per cent, while the Nasdaq composite climbed 0.4 per cent. All three indexes set new record highs. Technology stocks helped lead the way after OpenAI announced partnerships with South Korean companies for its Stargate artificial-intelligence infrastructure project.
The Australian sharemarket is set to dip with futures at 5.55am AEST pointing to a loss of 11 points, or 0.1 per cent, at the open. The ASX jumped 1.1 per cent on Thursday. The Australian dollar was fetching US65.99¢ at 5.22am AEST.
Thursdays on Wall Street typically mean investors are reacting to the latest weekly tally of US workers applying for unemployment benefits. But DC’s shutdown means this week’s report on jobless claims has been delayed. An even more consequential report, Friday’s monthly tally of jobs created and destroyed across the economy, will likely also not arrive on schedule.
