ASX to rise, S&P 500 rallies as June pivot firms

News Snapshot:

Pinned post – 7.14AM Australian shares are poised to open higher, tracking a renewed rally in New York as traders edged lifted expectations for a June rate cut. Nvidia leapt 7.2 per cent, pacing six of the magnificent seven higher, and Oracle surged after its quarterly results beat expectations. The S & P 500 rose 1.1 per cent to 5175.27, a record closing high and just shy of the intraday record high it set last week. The NYSE Fang + Index lifted 2.2 per cent; Tesla faltered in the final 30 minutes to end lower. The catalyst for the market...