Australian shares are set to rise, with ASX futures up 0.1 per cent, as selling momentum in New York markets continues. The tech sector faces pressure, influenced by disappointing results from Dell and HP, though bitcoin and crypto-related stocks see a boost.
Australian shares are poised to rise, though futures could fade as selling gathered momentum in New York. ASX futures are up 12 points, or 0.1 per cent, near 7.30am. On Wall Street , the Dow Jones is 0.3 per cent lower, the S&P 500 has slipped 0.4 per cent, and the Nasdaq Composite is the worst hit, down 0.7 per cent. Disappointments from Dell and HP – which each were near 12 per cent lower, and CrowdStrike dragged tech stocks . All seven of the magnificent seven slid, paced by Nvidia.
Bitcoin recovered at least partially from its swoon in recent sessions. It was trading above $US97,000 near 7.15am AEDT. That also gave a boost to bitcoin and cryto related stocks. Sydney-based bitcoin miner Iren leapt 32 per cent. US markets will be closed on Friday AEDT for Thanksgiving Day. The NYSE will close at 1pm local time on Friday . Stocks in focus On Thursday, Fisher & Paykel Healthcare release earnings. Sayona Mining and Star Entertainment both host AGMs.
AUSTRALIAN SHARES ASX FUTURES WALL STREET TECH STOCKS BITCOIN
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