The S&P; 500 and the Nasdaq have finished in the red as worries that aggressive moves to curb decades-high inflation might tip the US economy into recession dampen investors' appetite for risk.All three major US stock indexes pared their losses in afternoon trading, with the blue-chip Dow turning positive.
US stocks have ended higher as gains from banks and a rebound in megacap market leaders supported a broad-based rally following Wall Street's longest streak of weekly declines since the dotcom bust more than 20 years ago.All three major US stock indexes posted solid gains with the biggest lift provided by rebounding tech and tech-adjacent growth stocks, notably Apple Inc and Microsoft Corp .
With interest rates climbing, low wages growth and surging inflation, how might an Albanese-led government change our economy? This is what you need to know.