Business
ASX set to fall as Wall Street slides lower; Apple, Tesla surge – Sydney Morning Herald
While the S&P boasted its steepest August percentage gain in more than three decades it ended the day lower as investors took a pause although tech stars Apple and Tesla rallied.
“The US just passed 6 million cases, a further reminder that the pandemic is here to stay until we do something about it. Clearly it has an impact on all businesses but some are more pandemic resistant,” he said.
Unofficially, the Dow Jones Industrial Average fell 0.8 per cent, the S&P 500 lost 0.2 per cent and the Nasdaq 0.7 per cent. It sets up the ASX for losses, with futures at 6.30am AEST pointing to a drop of 60 points, or 1 per cent, at the open.
With the S&P trading more than 3…
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