Business
ASX set for sharp falls as Wall Street slide continues – Sydney Morning Herald
Wall Street gives up more of its recent gains as investors weighed the latest batch of company earnings reports for clues about the health of Corporate America.
Stocks fell for the second straight day Tuesday (US time), giving up more of their recent gains as Wall Street shifts its focus on a busy week of corporate earnings reports.
The S&P 500 fell 0.7 per cent. The benchmark index has now lost nearly all of its gain from last week. Apple fell 1.3 per cent as part of a broad slide in technology companies. Banks also accounted for a big share of the selling, which came as bond yields fell, reversing course after moving higher on Monday.
Wall Street has…
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