Business
ASX to edge up, $A drops as greenback rallies – The Australian Financial Review
Australian shares are set to edge higher at the open, though gains could be further checked amid a retreat on Wall Street. Copper, gold and oil lower.
On Wall Street, shares were mostly lower with the Nasdaq down 1 per cent, the S&P 500 down 0.4 per cent and the Dow 0.1 per cent lower. Six of the S&P 500s 11 industry sectors closed down, paced by a 1.2 per cent slide in consumer discretionary.
AMC Entertainment was down 20 per cent, after swinging in a wide range as the company sold more shares to bolster its finances.
Tesla fell 5.3 per cent amid speculation that sales in China have dropped sharply.
Techs were lower on news that President Joe…
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