ASX climbs on GDP beat; resources higher
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4.37PM – Mar 3, 2021
William McIness
The S&P/ASX 200 Index climbed 55.7 points, or 0.8 per cent, to 6818, its highest level in four sessions.
The tech-heavy Nasdaq Composite was hit hardest, falling 1.7 per cent while the S&P 500 declined 0.8 per cent. The Dow Jones Industrial Average lost 0.5 per cent.
Despite the poor lead from Wall Street, the local sharemarket shot up at the open and remained firmly higher through the session.
Lucas Baird
A top Qantas executive has conceded to a senate inquiry there could be more job cuts at the carrier, beyond the already declared 8500 redundancies.