Business
ASX set for losses as Wall Street slides lower – Sydney Morning Herald
The Australian sharemarket is poised to open in the red as Wall Street slid lower, a day after the S&P 500 ended a six-day winning streak.
The yield on the 10-year Treasury note fell to 1.14 per cent from 1.15 per cent late on Wednesday. It was as a high as 1.20 per cent earlier this week.
Nearly 60 per cent of the companies in the S&P 500 were making making gains, but a slide in technology stocks and companies that provide consumer services and products weighed down the index.
Generally, the market has seen a very favourable backdrop and that likely remains the case going forward, said Sal Bruno, chief investment officer at IndexIQ….
-
Noosa News8 hours agoWoman dead and man rushed to hospital with gunshot wound following crash near Aussie World on Queensland’s Sunshine Coast
-
General14 hours agoBoy dies after being trapped between rocks off NSW beach
-
Noosa News15 hours agoFarmer Fred Perry’s 30-year conservation project creates bird haven after years of ‘bashing and burning’
-
Noosa News15 hours agoDetectives continue to search for answers on Crystal Beale’s death