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ASX to rise; Tech shares lift Wall Street; Bunnings sales surge

Summary

  • ASX futures are up 0.5% and point to a sixth session of gains for the local bourse at Thursday's open 
  • Tech stocks soared on Wall Street, with the Nasdaq finishing 2% higher. The S&P500 added 0.8%, but the Dow slipped 0.1% 
  • The ASX 200 closed Wednesday's session at its highest since February 27, moving out of correction territory and now less than 10% below the February 20 record high
  • Telstra is splitting into three separate businesses in a radical restructure that paves the way for the nation's biggest telecommunications company to spin off its infrastructure assets

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