Business
ASX set to fall sharply as tech stocks hit again on Wall Street – Sydney Morning Herald
Heavyweight tech-related stocks fell again on Wall Street, while elevated jobless claims reminded investors of a still-difficult recovery ahead.
Wall Street closed lower after a choppy trading session on Thursday (US time) as heavyweight tech-related stocks resumed their decline following a sharp rebound the previous session, while elevated jobless claims reminded investors of a still-difficult recovery ahead.
Names that have rallied since March lows, such as Apple, Microsoft and Amazon.com, all fell sharply.
Wall Street resumed its slide on Thursday. Credit:AP
Tesla rose slightly, initially helping to limit the Nasdaq’s losses before…
-
General9 hours agoCoroner to examine treatment of woman who died three days after surgery performed by former Queensland premier’s partner
-
General11 hours agoAlbanese beats drum on economy as trade clouds gather
-
Business8 hours agoWhy Antipa, Cettire, Magnetic Resources, and Steadfast shares are pushing higher
-
Noosa News11 hours agoSurgeon partner of former premier to testify over his patient’s death