Live: Tech stocks nosedive as Wall Street suffers mass sell-off following midterms
The Australian share market looks set to drop today after a bumper day yesterday.
Overnight, there was a sell-off of shares on Wall Street as investors ditched the tech giants amid fears of regulation.
ASX 200 futures were down 33 points, or 0.4 per cent, while the Nasdaq was down nearly 4 per cent.
See how the trading day unfolds on our blog.
Disclaimer: this blog is not intended as investment advice.
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Market Snapshot
By Alison Branley
By Alison Branley
- ASX 200: +2.61% to 9,065.1 points
- Australian dollar: -.94% at 69.38 US cents
- Wall Street: S&P 500 -3.6%
- Dow: -3.14%
- Nasdaq: -4.69%
- Spot gold: +1.12% to $US4,105/ounce
- Oil: Brent crude $98.43US +4.06%/barrel
- Iron ore: +0.7% to $US93.75/tonne
- Bitcoin: -5.39% to $US75,855
Prices current at 7:30am AEDT
So what happened over night?
By Alison Branley
By Alison Branley
Well a quick look at the boards shows the US tech giants took a beating overnight.
The S&P 500 is down more than 4% to 7378.23 pts
The tech-heavy Nasdaq is leading the charge down 5.175% as I write.
And the dow jones industrial average is down 3.15% to 51,674 pts.
Morning all
By Alison Branley
By Alison Branley
It's been a big night on overseas markets, especially in the US, so let's get a big cup of coffee and get into it.
Or do I feel like tea today? No, it's definitely a coffee kind of morning.
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