ASX to fall again; Wall Street’s worst day in three months

Summary

• ASX futures are down 73 points, or 1.1%, hinting that the local market will extend yesterday’s losses at the open of trade
• Wall Street’s main indices suffered their biggest one-day percentage drop in three months, adding to losses after the latest Federal Reserve statement. The S&P 500 and Nasdaq dropped 2.7% and the Dow fell 2.2% 
• The Aussie dollar has weakened against the greenback, dropping 1.2% to 76.55 US cents from an overnight high of 77.63 US cents. Iron ore and gold are lower, but oil prices have risen
• Shares in GameStop and AMC Entertainment Holdings each more than doubled as retail investors again piled into the stocks