Wall St gains on economic recovery hopes

Wall St gains on economic recovery hopes

US stocks have jumped about 1.0 per cent with the tech-heavy Nasdaq hovering near a fresh record high on hopes of a bounce back in post-pandemic economic activity, as investors shrugged off rising new COVID-19 cases in several US states. The Nasdaq opened above its...
Wall St gains on economic recovery hopes

Adairs shares jump as sales boom

Adairs says comparable sales have risen 27.4 per cent during the second-half of its financial year, after excluding the five weeks of store closures due to COVID-19. The bedding and homewares chain said the closures mean actual sales revenue will be much lower, but...
Wall St gains on economic recovery hopes

Stocks stutter on second wave virus fears

Asian shares and US stock futures have wobbled in choppy trade as lingering concerns about a fresh spike in coronavirus cases offset growing hopes for a quick economic recovery. MSCI’s broadest index of Asia-Pacific shares outside Japan on Friday eased 0.06 per...
Wall St gains on economic recovery hopes

Nick Scali sales recover, shares soar

Nick Scali shares have soared more than 20 per cent after the furniture retailer said it would bring forward a dividend it deferred at the height of the pandemic. Nick Scali decided on March 23 to defer the interim dividend until October, but now says it will make the...