Australian shares are poised to rise. Tech shares rallied, lifting all three major US benchmarks to record closing high and masking poor breadth. The Dow closed above 45,000 for the first time. The S&P 500 is within 14 points of 6100.
Iren surged, and Atlassian was bolstered by a cloud accord with Amazon. Bitcoin briefly topped $US99,000 after Donald Trump said he would nominate a pro-crypto advocate as the next chairman of the Securities and Exchange Commission, and Fed boss Jerome Powell compared it to gold.
Source: https://www.afr.com/markets/equity-markets/asx-to-rise-s-and-p-500-and-nasdaq-lift-on-techs-20241205-p5kvys