Before the Bell: ASX to slip, Wall St advances

Australian shares are poised for a quiet open to end the trading week with futures modestly lower after earlier edging up. Shares rallied in New York after data confirmed strong US economic growth at the end of 2025.

The S&P 500 was 0.6 per cent higher near 3.15pm in New York (7.15am AEDT), paring an earlier advance.

Revisions to American third-quarter GDP were minimal, with the quarterly annualised growth rate at 4.4 per cent, confirming that economic activity is accelerating. Weekly jobless claims were lower than expected.

Source: https://www.afr.com/markets/equity-markets/asx-set-for-muted-open-wall-st-extends-relief-rally-20260123-p5nwem