Business
ASX set to fall sharply as tech stocks hit again on Wall Street – Sydney Morning Herald
Heavyweight tech-related stocks fell again on Wall Street, while elevated jobless claims reminded investors of a still-difficult recovery ahead.
Wall Street closed lower after a choppy trading session on Thursday (US time) as heavyweight tech-related stocks resumed their decline following a sharp rebound the previous session, while elevated jobless claims reminded investors of a still-difficult recovery ahead.
Names that have rallied since March lows, such as Apple, Microsoft and Amazon.com, all fell sharply.
Wall Street resumed its slide on Thursday. Credit:AP
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