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



  • 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 

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Good morning

Good morning, and welcome to this Thursday edition of Markets Live

Alex Druce is in the chair today and will be taking you through the news. Feel free to drop him a line in the comments if you spot something interesting, or flick him an email at [email protected]

Early losses tipped for the local sharemarket after a broad sell-off on Wall Street overnight.

This blog is not intended as financial advice

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