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ASX 200 expected to tumble

The Australian share market looks set to tumble on Monday after a selloff on Wall Street on Friday.

According to the latest SPI futures, the ASX 200 is expected to open the day 102 points or 1.3% lower.

Another rout hit Wall Street Friday, with formerly high-flying technology stocks again taking the brunt, after a highly anticipated update on the U.S. job market came in weak enough to add to worries about the economy.

The S&P 500 dropped 1.7% to close out its worst week since March 2023. Broadcom, Nvidia and other tech companies drove the market lower amid ongoing concerns that their prices soared too high in the boom around artificial intelligence, and they dragged the Nasdaq composite down by a market-leading 2.6%.

The Dow Jones Industrial Average dropped 410 points, or 1%, after erasing a morning gain of 250 points.

[ATTACH=full]183948[/ATTACH]

<blockquote data-quote="bigdog" data-source="post: 1296418" data-attributes="member: 4374"><h2>ASX 200 expected to tumble</h2>The Australian share market looks set to tumble on Monday after a selloff on Wall Street on Friday. According to the latest SPI futures, the ASX 200 is expected to open the day 102 points or 1.3% lower.Another rout hit Wall Street Friday, with formerly high-flying technology stocks again taking the brunt, after a highly anticipated update on the U.S. job market came in weak enough to add to worries about the economy.The S&amp;P 500 dropped 1.7% to close out its worst week since March 2023. Broadcom, Nvidia and other tech companies drove the market lower amid ongoing concerns that their prices soared too high in the boom around artificial intelligence, and they dragged the Nasdaq composite down by a market-leading 2.6%.The Dow Jones Industrial Average dropped 410 points, or 1%, after erasing a morning gain of 250 points.[ATTACH=full]183948[/ATTACH]</blockquote>

[QUOTE="bigdog, post: 1296418, member: 4374"] [HEADING=1][SIZE=5]ASX 200 expected to tumble[/SIZE][/HEADING] The Australian share market looks set to tumble on Monday after a selloff on Wall Street on Friday. [B]According to the latest SPI futures, the ASX 200 is expected to open the day 102 points or 1.3% lower.[/B] Another rout hit Wall Street Friday, with formerly high-flying technology stocks again taking the brunt, after a highly anticipated update on the U.S. job market came in weak enough to add to worries about the economy. The S&P 500 dropped 1.7% to close out its worst week since March 2023. Broadcom, Nvidia and other tech companies drove the market lower amid ongoing concerns that their prices soared too high in the boom around artificial intelligence, and they dragged the Nasdaq composite down by a market-leading 2.6%. The Dow Jones Industrial Average dropped 410 points, or 1%, after erasing a morning gain of 250 points. [ATTACH type="full"]183948[/ATTACH] [/QUOTE]

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