1 May 2024
1300 794 893
AP/DEREK ROSE

5 things you need to know today

Switzer Daily
7 July 2020

1. Just following the reopening of airlines, Qantas and Jetstar have reduced services to and from Melbourne after the NSW-Victoria border closed.

2. Afterpay's founders are selling down $250 million worth of shares, seeking to raise $800 million through capital raising on Tuesday.

3. AustralianSuper, who delivered a positive return in FY20, said investing in US tech stocks saved them from loss, said AustralianSuper's chief investment officer Mark Delaney.

4. ZEET stocks: Zip Co is up 57% from May 29 (when Peter announced his backing of ZEET stocks), currently sitting at $5.90. Elmo is up 18% to $7.60, EML is up 0.82% to $3.67 and Tyro is down 1% to $3.74.

5. The ASX is tipped to rise after the Dow rose 1.78% to 26,287.03. The S&P 500 was up 1.59% to 3,179.72 and the Nasdaq soared up 2.21% to 10,433.65 after Amazon surged up 5.8% in overnight trade and is now valued at a record $US3057.04.

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