ASX LIVE: ASX to drop, US stocks end lower on late swoon

ASX futures were down 117 points or 1.7% to 6989 near 7am AEDT, paring earlier losses.On Wall St at the close: Dow -0.3% STesla +0.6% Apple +1.3% Amazon +1.9% Microsoft +2.1%The local currency surged 1.

3 per cent; the Bloomberg dollar spot index was 0.7 per cent lower.The yield on the US 10-year note plunged 16 basis points to 3.54 per cent at 4.16pm in New York; it earlier fell below 3.50 per cent. The two-year yield fell to 3.99 per cent, a more than 100 basis point drop from a week ago.

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