Skip to content

ASX to rise, S&P 500 struggles, bitcoin tops $US88,000

Australian shares are poised to rise. The S&P 500 reset its record high, though it failed to hold its early advance. Tesla was 9.1 per cent higher. Bitcoin was more than 10 per cent higher near 8.30am AEDT, and trading above $US88,000.

The S&P 500 rose to as high as 6017.31 in early trading in New York to reset its record high and closed up 0.1 per cent 6001.35; the first time it’s closed above that mark. [Oppenheimer lifted its year-end target for the benchmark to 6200.]

Source: https://www.afr.com/markets/equity-markets/asx-to-rise-s-and-p-500-higher-bitcoin-surges-20241112-p5kpsr