ASX set to rise as ‘Magnificent Seven’ drive US stocks to all-time highs

The Australian sharemarket is set to open stronger this morning after the world’s largest technology companies drove US stocks to all-time highs, while bond yields fell with traders pricing in two rate cuts in 2024 The Australian sharemarket is set to open stronger this morning after the world’s largest technology companies drove US stocks to all-time highs, while bond yields fell with traders pricing in two rate cuts in 2024 Business / Markets Sydney Morning Herald – Business