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ASX to rise as Trump makes concerning warning

Lucy Dean
·2-min read
President Donald Trump speaks after awarding the Presidential Medal of Freedom, the highest civilian honor, to Olympic gold medalist and former University of Iowa wrestling coach Dan Gable in the Oval Office of the White House, Monday, Dec. 7, 2020, in Washington. (AP Photo/Patrick Semansky)
(AP Photo/Patrick Semansky)

Good morning.

Here’s Yahoo Finance’s Wednesday morning wrap.

ASX: The ASX is set to open higher on Christmas Eve as investors begin to shrug off the last few day’s COVID-19 scare. Local markets finished up on Wednesday after a three-day losing streak.

The S&P/ASX200 benchmark index closed up 0.66 per cent, to 6643.1 while the All Ordinaries closed up 0.69 per cent, to 6892.6.

Wall Street: US markets had a mixed finish on Wednesday overnight, as investors’ stimulus hopes battled it out with concern about the new strain of the virus and ongoing containment challenges.

The Dow Jones finished up 0.38 per cent to 30,129.83 and the S&P500 finished up 0.075 per cent to 3,690.01. The tech-heavy Nasdaq finished 0.29 per cent lower to 12,771.11 points.

Money lessons: What did you learn in 2020? Maybe it was the importance of washing your hands, or a lesson in just how much you actually touch your face every day. These are the five biggest money lessons from 2020.

20 things that will disappear: Cash, receipts, drivers and charging cords: technology is changing rapidly. These are 20 things that will disappear over the next 20 years.

US stimulus: President Donald Trump has thrown the US$900 billion stimulus package into doubt after calling for it to be amended, less than a month before he is due to leave office.

"The bill they are now planning to send back to my desk is much different than anticipated," Trump said on Tuesday. "It really is a disgrace."

Trump also vetoed a wide-ranging US$740 billion defence bill which places him at odds with his Republican allies. If Trump’s veto is upheld, it will delay a 3 per cent pay rise for active-duty troops.

Workplace trends: The pandemic has changed nearly everything about the way we live and our workplaces are the settings to one of the biggest shifts we’ve seen. This is what we can expect in 2021.

JB HI-FI: It’s one of the biggest sales of the year: JB HI-FI has revealed its catalogue for its huge six-day end of year sale. Here are the best deals.

Covid scam: And Australians have been warned to keep an eye out for a text scam informing victims of fake positive test results. Here’s what to look out for.

Have a great day.

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