Business
Australian shares to drop, Wall Street slides as investors cash out of ‘reopening’ trade – ABC News
Australian shares are expected to slide again after Wall Street fell a second straight day amid concerns over a spike in global coronavirus cases affected travel-related…
Australian shares are expected to slide again after Wall Street fell a second straight day amid concerns over a spike in global coronavirus cases affected travel-related stocks and oil prices.
ASX futures were down by a steep 78 points (-1.1pc), by 6.50am AEST.
The Australian dollar was down (-0.4pc) to 77.24 US cents.
In New York, the Dow Jones index dropped 256 points (-.0.8pc) to 33, 821, the benchmark S&P 500 slid (-0.7pc) to 4, 135, and Nasdaq Composite dropped (-0.9pc) to 13, 786.
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