Tech stocks took a dive on Wall Street overnight after shares in Dell and HP dropped -12 per cent after both companies forecast lower-than-expected earnings.
Follow the day's financial news and insights from our specialist business reporters on our live blog.By Rachel Clayton Good morning! This is reporter Rachel Clayton here to take you through Thursday morning's markets live blog.
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Tech Weighs on Stocks as Markets WaverStocks wavered in afternoon trading, with losses in Big Tech companies like Nvidia and Microsoft pulling down the broader market. The S&P 500 fell 0.5%, the Dow dropped 78 points, and the Nasdaq declined 1.1%, despite the Australian market expected to inch up slightly at the open.
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Live updates: ASX futures point lower, Wall Street mixed as tech stocks boost Nasdaq, CPI aheadThe Australian Bureau of Statistics will release the September quarter CPI data, which is expected to see annual headline inflation to fall, but underlying measures remain above the Reserve Bank's 2-3 per cent target band. Wall Street finished mixed, and the ASX could fall slightly at the open. Follow the latest updates in our live blog.
Source: abcnews - 🏆 5. / 83 Read more »
Live updates: ASX edges lower, Wall Street mixed as tech stocks boost Nasdaq, CPI aheadThe Australian Bureau of Statistics will release the September quarter CPI data, which is expected to see annual headline inflation to fall, but underlying measures remain above the Reserve Bank's 2-3 per cent target band. Wall Street finished mixed, and the ASX falls slightly at the open. Follow the latest updates in our live blog.
Source: abcnews - 🏆 5. / 83 Read more »
Live updates: ASX to fall as tech stocks like Microsoft drop value on Wall StreetTech stocks on Wall Street have taken a battering, with Microsoft experiencing its worst day in years. Australia stocks are likely to fall as well. Follow the day's events and insights as they happen with our business reporters on the ABC News live markets blog.
Source: abcnews - 🏆 5. / 83 Read more »