‘Bargain hunting’ factors into US stock markets being up 1.2 per cent
CommSec’s Tom Piotrowski says the US stock market has started the week on the “front foot”.
“US stocks took quite a decent knock, but investors have come back and started the week on the front foot,” Mr Piotrowski said.
“We have seen the Dow Jones, the S&P 500 and the Nasdaq all up by 1.2 per cent.”
“A term that is unappealing but might be accurate in this case; a bit of bargain hunting has been revealed as a factor behind this last night.”
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