- SPI futures are up 17 points, or 0.3%, and hint at early gains for the ASX 200, even after a weak overnight performance on Wall Street
- US tech stocks fell for a second straight session, with Amazon down 2.3% and Apple shedding 1.6%
- The Dow Jones 0.5% to 27,901.98, the S&P 500 lost 0.8% to 3,357.01, and the NASDAQ dropped 1.3%, to 10,910.28
- Iron ore has slipped another 1.5% to $US122.36 a tonne. Brent crude rose 2.7% to $US43.36 a barrel and US oil is up 2.3% to $US41.07
Good morning, TGIF, and welcome to Markets Live! Your editor today is Alex Druce.
SPI futures appear a little counter-intuitive this morning, with an early rise tipped for the local market even after heavy losses on Wall Street overnight.
Tech stocks took a beating. Apple was down 1.6 per cent, Microsoft 1 per cent, Amazon 2.3 per cent, Google parent Alphabet 1.7 per cent and Facebook 3.3 per cent. Telsa dropped 4.2 per cent.
This blog is not intended as financial advice
Source: Thanks smh.com