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ASX to rebound, following Wall St, US economy expands 7.4pc – The Australian Financial Review

Australian shares are set to open higher, as investors stepped in to ‘buy the dip’ in New York. Big tech earnings arrive.

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Facebook also beat analysts’ estimates for quarterly revenue, as more businesses used its digital advertising tools during a pandemic-induced surge in online traffic.
Shares in Netflix jumped after the company raised monthly charges in the United States for its standard and premium subscription plans.
For the most part investors appeared to look through the US GDP report as it was well telegraphed and came in very close to expectations.
GDP rebounded stronger than expected in the third quarter,…

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