Business
Cannabis stocks jump after Reddit crowd piles in; Australian shares expected to fall – ABC News
The Reddit crowd that sent GameStop shares to the moon are now piling into cannabis stocks, while the Australian share market is expected to fall as Wall Street…
Australian shares are expected to fall in early trade as Wall Street pulled back from its record highs during a volatile session.
ASX futures were down 32 points (-0.5pc) to 6,767, by 8:05am AEDT.
The Australian dollar slipped (-0.2pc) to 77.2 US cents.
Several major companies will report their earnings today, including AMP, Telstra, AGL Energy and Transurban.
Bitcoin dropped (-3.8pc) to $US45,207, as investors decided to consolidate their recent gains.
It climbed to a fresh record ($US48,216) on…
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