Business
ASX to edge higher, Wall St consolidates – The Australian Financial Review
Australian shares are set to rise at the open, though gains could be checked as US stocks reset lower after the previous session’s surge. $A higher.
On Wall Street, all three major benchmarks closed down as an early afternoon reprieve proved fleeting. The Dow was down 144 points or 0.5 per cent. The S&P 500 slid 0.8 per cent, the Nasdaq lost 1.7 per cent.
Apple, which had leapt more than 5 per cent on Monday, was down 2 per cent. Facebook, Amazon and Microsoft each closed at least 1.3 per cent lower. Tesla slid 4.5 per cent, to $US686.44.
The NYSE Fang + Index shed 1.9 per cent.
US investors are prepping for a slew of speeches by Federal Reserve…
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