All eyes are the on the Australian sharemarket today after it shed almost $90 billion in value yesterday. 9News
The benchmark S&P/ASX 200 closed down 3.55 per cent or 246 points to 6686 points yesterday, although that was a slight rebound from earlier in the day, when it was down to 6600 points.
Investors will be closely watching the ASX when it opens at 10am day amid concern the run of share losses will continue off the back of US trading. Market analysts suggest people with a super account balance of about $128,000 can expect to scratch off $6500 from the total value by the end of this financial year.In afternoon trading , the S&P 500 was 0.5 per cent lower as investors braced for the Federal Reserve's announcement on Wednesday about how sharply it will raise interest rates.The Dow Jones Industrial Average was down 173 points, or 0.6 per cent, and the Nasdaq composite was little changed after swinging between a gain of 1.
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