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ASX 200 expected to fall

A tough session is expected for the Australian share market on Monday despite a strong finish on Wall Street.

According to the latest SPI futures, the ASX 200 is expected to open the day 54 points or 0.7% lower this morning.

On Friday on Wall Street, big Tech stocks once again carried Wall Street to a record Friday, even though the majority of stocks fell amid worries about the downside of a hot economy.

Big gains for Meta Platforms and Amazon helped drive the S&P 500 index up by 1.1% to its latest all-time high. It’s in a torrid run where it’s climbed in 13 of the last 14 weeks. The Big Tech stocks, which are two of Wall Street’s most influential, also vaulted the Nasdaq composite up by 1.7%.

But the Dow Jones Industrial Average, which has less of an emphasis on tech, rose by a more modest 0.3%, or 134 points. And the Russell 2000 index of smaller stocks fell 0.6%.

All told, the S&P 500 rallied 52.42 points to 4,958.61. The Dow gained 134.58 to 38.654.42, and the Nasdaq jumped 267.31 to 15,628.95.

[ATTACH=full]170208[/ATTACH]

<blockquote data-quote="bigdog" data-source="post: 1263757" data-attributes="member: 4374"><h2>ASX 200 expected to fall</h2>A tough session is expected for the Australian share market on Monday despite a strong finish on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 54 points or 0.7% lower this morning. On Friday on Wall Street, big Tech stocks once again carried Wall Street to a record Friday, even though the majority of stocks fell amid worries about the downside of a hot economy.Big gains for Meta Platforms and Amazon helped drive the S&amp;P 500 index up by 1.1% to its latest all-time high. It’s in a torrid run where it’s climbed in 13 of the last 14 weeks. The Big Tech stocks, which are two of Wall Street’s most influential, also vaulted the Nasdaq composite up by 1.7%.But the Dow Jones Industrial Average, which has less of an emphasis on tech, rose by a more modest 0.3%, or 134 points. And the Russell 2000 index of smaller stocks fell 0.6%.All told, the S&amp;P 500 rallied 52.42 points to 4,958.61. The Dow gained 134.58 to 38.654.42, and the Nasdaq jumped 267.31 to 15,628.95.[ATTACH=full]170208[/ATTACH]</blockquote>

[QUOTE="bigdog, post: 1263757, member: 4374"] [HEADING=1][SIZE=5]ASX 200 expected to fall[/SIZE][/HEADING] A tough session is expected for the Australian share market on Monday despite a strong finish on Wall Street. [B]According to the latest SPI futures, the ASX 200 is expected to open the day 54 points or 0.7% lower this morning. [/B] On Friday on Wall Street, big Tech stocks once again carried Wall Street to a record Friday, even though the majority of stocks fell amid worries about the downside of a hot economy. Big gains for Meta Platforms and Amazon helped drive the S&P 500 index up by 1.1% to its latest all-time high. It’s in a torrid run where it’s climbed in 13 of the last 14 weeks. The Big Tech stocks, which are two of Wall Street’s most influential, also vaulted the Nasdaq composite up by 1.7%. But the Dow Jones Industrial Average, which has less of an emphasis on tech, rose by a more modest 0.3%, or 134 points. And the Russell 2000 index of smaller stocks fell 0.6%. All told, the S&P 500 rallied 52.42 points to 4,958.61. The Dow gained 134.58 to 38.654.42, and the Nasdaq jumped 267.31 to 15,628.95. [ATTACH type="full"]170208[/ATTACH] [/QUOTE]

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