Business
ASX set for falls as Wall Street slides; bitcoin retreats – Sydney Morning Herald
Stocks have see-sawed as investors weigh the economic recovery’s progress against lingering concerns about inflation.
Wall Street capped a listless day of trading on Tuesday (US time) with a modest pullback for the major US stock indexes, giving back some of the markets gains after a solid start to the week.
The S&P 500 slipped 0.2 per cent after spending much of the day wavering between small gains and losses. Financial, energy and health care stocks accounted for much of the decline. Technology and communication stocks eked out gains, as did big retailers, cruise lines and other companies that rely on consumer…
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