Australian (ASX) Stock Market Forum

Tomorrow's trading on the ASX?

Are we finally going to see a proper crash
There's still sunshine on the horizon, frog..........the futures look like this for tonight at this present moment, but we all know anything can change

US 30​

39,949.7039,971.3039,938.30+95.80+0.24%19:07:50

US 500​

5,443.205,447.705,440.40+16.10+0.30%19:07:47

US Tech 100​

19,106.0019,140.7019,096.10+68.90+0.36%
 
Market Index - Thursday Evening Wrap

The S&P/ASX 200 closed 102.5 points lower, down 1.29%.

Aussie stocks came back to earth with a thud today. You could almost say through no fault of our own. Blame those darned Americans I say!
Their tech got belted last night – and so too did ours today. But the belting didn't stop there, all 11 of our major sectors were down today...from defensive Consumer Staples to the highest PE stocks across Technology and Consumer Discretionary.
Energy and Resources weren't the worst today, for a change, but they weren't any good either. Gold, oil, and uranium stocks were summarily turfed from portfolios.
I could go on...and on...because as you will see when you get to the winners list, it was lean...real lean.
Ordinarily, I'd propose you skip reading tonight's Evening Wrap in favour of waiting for the next up day – but that would deprive you of all the great analysis and insights that lie within (particularly in today's ChartWatch!).
So...you might as well join me and...

 
Market Index - Friday Morning Wrap

Morning Wrap: S&P 500 to rise, Nasdaq slips on extended tech weakness, Small caps outperform​


ASX 200 futures are trading 33 points higher, up 0.42% as of 8:30 am AEST.

The S&P 500 and Nasdaq continued to fall overnight as investors continued to pivot away from megacap tech stocks, Ford experiences its worst one-day selloff since the GFC, US Q2 GDP prints well above market expectations and let's see how names like Macquarie, Ampol and Karoon Energy perform after yesterday's trading updates.
Also – Apologies for yesterday's ASX futures line. The numbers were right but it was supposed to say down, not up.
Let's dive in.

 
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