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.
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