Business
ASX set for losses as Wall Street slides lower – Sydney Morning Herald
The Australian sharemarket is poised to open in the red as Wall Street slid lower, a day after the S&P 500 ended a six-day winning streak.
The yield on the 10-year Treasury note fell to 1.14 per cent from 1.15 per cent late on Wednesday. It was as a high as 1.20 per cent earlier this week.
Nearly 60 per cent of the companies in the S&P 500 were making making gains, but a slide in technology stocks and companies that provide consumer services and products weighed down the index.
Generally, the market has seen a very favourable backdrop and that likely remains the case going forward, said Sal Bruno, chief investment officer at IndexIQ….
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