Business
ASX dips; Myer profits rise; Xero makes EU acquisition – The Sydney Morning Herald
The local market is set for modest losses after US tech stocks fell hard overnight.
Investors had no trouble gliding past the death and economic devastation wrought by the pandemic last year to drive Wall Street to record highs. An increasingly healthy economy is what is making them panic.
In recent days, the S&P 500 stock index has wobbled, suffering its worst weekly performance in a month last week, before rising on Monday, only to dip again on Tuesday and in early trading on Wednesday. The bond market, too, is showing anxiety, with yields rising sharply as returns in the market…
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