Wall Street finished lower overnight amid mixed earnings, robust economic data showing resiliency and falling bond yields. The Dow ended near worst levels, down 252 points (-0.76%). Up 69 points at best. Down 292 points at worst. S&P 500 fell 1.18%, edging closer to a correction, with the index now down ~10% from its July peak. The NASDAQ slumped 1.76%.
ASX 200 closed up 15 points at 6827 (0.2%) down only 1% for the week.
ASX 200 fell 42 points to 6812 (-0.6%), rallying off a one-year low. Resources held up relatively well on some more Chinese stimulus and a falling AUD. BHP up 0.5%, and RIO up 1.2%. Lithium stocks on the nose, although some big winners, in AZS on a bid from SQM up 43.1% and RDN as a ‘nearolgy’ play. PLS fell 0.5% on production report, gold miners slid with NST down 0.8% and NCM recovering some early losses down 1.3%.
SPI Futures down 18 as Alphabet drops 9.5% dropping the NASDAQ 2.4%
Our market slots in behind Wall St down another 40 at midday as bond yields rise and we worry about a rate rise
From up 40 the market has dropped to be down 20 after the higher than expected CPI release today
A volatile day as we lose a 40 point gain after a higher than expected CPI number
