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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.


[URL unfurl="true"]https://www.marketindex.com.au/news/morning-wrap-s-and-p-500-to-rise-nasdaq-slips-on-extended-tech-weakness[/URL]


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