Business
ASX to slip, tech slide hits S&P 500, Nasdaq – The Australian Financial Review
Australian shares appear poised for a modest opening loss. US stocks were mostly lower amid renewed selling of the mega techs. Bitcoin tops $US51,000.
At the close, the Nasdaq was down 2.7 per cent. The NYSE Fang + Index was 3.8 per cent lower. Netflix slid 5 per cent while Amazon shed 2.9 per cent, Microsoft fell 2.7pc and Apple fell 2.5pc.
The US listed shares of Atlassian tumbled near 7 per cent.
Tesla was down 4.8 per cent.
In contrast, the KBW Bank Index was up 1 per cent. The VIX surged more than 10 per cent.
Still data showed US private employers hired fewer workers than expected in February, suggesting the labour market was struggling…
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