Archived News
In August 2021 Finfeed changed from a website that covered ASX listed news to a website
that covered a select range of ASX
listed small cap Biotech stocks that we are personally
invested in: find out more.
The old Finfeed website, and all of the old articles are kept here for record keeping purposes.
VISIT NEW SITENasdaq tumbles amid Apple probe, ASX futures down
1 minute read
Gold rose, but global equities retreated as US stocks were dragged down by a sharp drop in Apple amid a potential probe.
The investigation into Apple took the wind out of the technology sector which has propelled the US market higher in recent months. While other sectors were trading marginally in the red throughout the day, the news triggered a rapid selloff within hours.
Australian stocks look poised to open lower with futures contracts trading 59 points lower this morning. The local share market eked out a gain on Thursday with the ASX 200 rising 0.32% to 6,094.5 points.
European stocks trade steady, Asia mixed
Wall Street struggled after four days of gains as investors awaited a new US coronavirus relief package and, once again, the number of Americans seeking unemployment benefits rose last week. This was the first increase in nearly four months and may have caught bullish investors off guard, albeit obviously not a surprise.
Overall, MSCI’s benchmark for global equity markets fell 0.72%, pulled lower by Wall Street.
The Dow Jones Industrial Average fell 1.31%, the S&P 500 lost 1.23% and the Nasdaq Composite dropped 2.29%.
Earlier that day European markets traded somewhat flat with the STOXX Europe 600 index closing up just 0.06%. The FTSE 100 added a mere 0.07% while the DAX eased 0.01%.
European futures fell after market close along with US stocks.
Asian markets started the day higher but drifted gradually lower as trading progressed to close mixed. The Hang Seng managed to rise 0.82% while the Japanese Nikkei 225 Index eased 0.58%.
Chinese shares declined with the broad Shanghai Composite Index closing down 0.24% to 3,325.11.
Gold prices jumped a further 0.9% to U$1,883, swiftly approaching the US$1,900 mark.
Oil was weighed down as well as crude futures fell in unison. Crude Oil WTI futures fell 1.5% to U$41.27 a barrel.
The AUD was last quoted at $0.71 US cents.
S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.
Conflict of Interest Notice
S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.
Publishers Notice
The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain.