Live updates: ASX to fall as tech stocks like Microsoft drop value on Wall Street

Tech stocks on Wall Street have taken a battering, with Microsoft experiencing its worst day in years. This is dragging down US markets and will likely bleed into Australian stocks.

Follow the day's financial news and insights from our specialist business reporters on our live blog.Apple's sales for the fourth quarter were almost $US95 billion which beat expectations. They were bumped by strong sales of the latest iPhone. Yet other product lines missed expectations and the China sales total was less than Wall Street expected,customers are downloading a new version of its iPhone operating system that uses AI, at twice the rate they were a year ago.

The OS has features like helping people write an email in a "more professional" tone. Some features of it have been delayed.This morning you'll be hearing a lot about tech stocks, with Microsoft taking a hit and Apple releasing results.S&P 500 down 1.9%, the Dow off 0.9% and the tech heavy Nasdaq off a whole 2.8%.

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ASX LIVE: Shares to rise; Meta, Microsoft earnings top Wall Street estimatesShares set to rebound. Zuckerberg credits AI for earnings boost. Microsoft’s cloud business outperforms. Woolworths team prepares to front investors. Follow here for more
출처: FinancialReview - 🏆 2. / 90 더 많은 것을 읽으십시오 »

Market set to fall after record run on Wall Street, live updates through the day.Our market is set to fall after a mixed lead from the US overnight. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
출처: abcnews - 🏆 5. / 83 더 많은 것을 읽으십시오 »

Market falls sharply after record run on Wall Street, live updates through the day.Our market has fallen sharply in early trade after a mixed lead from the US overnight. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
출처: abcnews - 🏆 5. / 83 더 많은 것을 읽으십시오 »