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ASX set for more losses on back of global market sell-off – Sydney Morning Herald
Wall Street continues its slide as inflation concerns continue to weigh on investors.
US stocks closed lower on Tuesday (US time) as rising commodity prices and labor shortages fed fears that despite reassurances from the Federal Reserve, near-term price spikes could translate into longer-term inflation.
While all three indexes pared their losses from session lows, the sell-off was fairly evenly dispersed across the sectors.
Wall Street recorded another day of losses.Credit:NYSE
Today feels like a catch-up in that tech has been weak so far this month and its finally spilled over…
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