Australian shares are expected to decline following losses on Wall Street, where all three major indices experienced setbacks. A disappointing report from ASML, a Dutch semiconductor chip machine manufacturer, negatively impacted the tech sector and caused a sharp drop in Nvidia's stock price.
Australian shares are poised to fall, tracking losses on Wall Street where all three benchmarks struggled. A shock report from Dutch semiconductor chip machine maker ASML hammered the sector and triggered a sharp drop in Nvidia just as it was poised to reset its record high. On Wall St at 4pm: Dow -0.8% S&P -0.8% Nasdaq -1%The markets’ weakness was mixed. Real estate led five of the S&P 500’s 11 industry sectors higher. Energy and information tech paced the losers.
” Oil tumbled after Israel reportedly assured the Biden administration that it would target Iran’s military and not its oilfields when it launches what’s expected to be an imminent retaliatory strike. Apple shares reset a record high early in the session, briefly listing the company’s market cap to $US3.6 trillion before the advance faded amid the overall weakness in equities. They ended up 1.1 per cent.
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