ASX set to rise despite fresh pain for US tech behemoths



  • 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

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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

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