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Australian shares to slip, Wall Street pulls back slightly from ‘irrational exuberance’ – ABC News

Australian shares are expected to fall in early trade after investors sold off major tech stocks and Wall Street dropped further from its record highs overnight….

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Australian shares are expected to open lower as global markets drop further from their record highs overnight.
ASX futures were down 32 points (-0.5pc) to 6,805 by 8:25am AEDT.
The Australian dollar rose (+0.3pc) to 77.7 US cents as the greenback was weighed down by disappointing job figures which pointed to a fragile economic recovery from the pandemic.
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The US Labor Department’s latest report showed that initial claims for unemployment benefits rose…

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