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Asian shares are mostly lower following Wall Street's pause from its feverish rally
Banks and retailers including Coles and Woolworths helped offset miner losses as the ASX 200 edged down 0.1%, reflecting cautious investor sentiment amid global uncertainties.
- On Friday, Australia's S&P/ASX 200 slid 0.1% to 8,959.80, paring losses as consumer-focused stocks helped offset a materials-led pullback.
- Amid a lack of routine data, markets face caution as the U.S. government shutdown enters its ninth day, and investors await third-quarter earnings season.
- On Thursday, the S&P 500 slipped 0.3% to 6,735.11, while the Dow Jones Industrial Average fell 243.36 points to 46,358.42 and the Nasdaq Composite edged down to 23,024.63.
- Corporate reports showed mixed signals as Delta Air Lines' upbeat forecast lifted Delta shares, while Costco Wholesale's solid September sales signalled consumer resilience and Dell Technologies sank 5.2%, trimming gains.
- Concerns about the rally's sustainability grow as CME's FedWatch shows markets are pricing a high likelihood of a 25bp Fed cut at the Oct 28 meeting, amid caution over AI-driven stocks.
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Associated Press News+18 Reposted by 18 other sources
Asian shares are mostly lower following Wall Street's pause from its feverish rally
Asian shares have mostly retreated, tracking Wall Street’s pause after U.S. stocks and even the price of gold pulled back from record highs following torrid runs.
·United States
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Stock Market Today: Markets Pull Back From Records as Gold Retreats and Investors Take Profits @themotleyfool #stocks $^GSPC $^DJI $AAPL $^IXIC $NVDA
Data by YCharts The S&P 500 (SNPINDEX: ^GSPC) fell 0.28% to 6,735.11 on Monday, while the Nasdaq Composite(NASDAQINDEX: ^IXIC) slipped 0.08% to 23,024.62. The Dow Jones Industrial Average (DJINDICES: ^DJI) declined 0.52% to 46,358.42, as investors took profits following last week's record-setting rally. After soaring above $4,000 per ounce for the first time, gold prices edged lower and traders booked gains. The slight pullback followed an extra…
·Alexandria, United States
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Coverage Details
Total News Sources58
Leaning Left21Leaning Right6Center19Last UpdatedBias Distribution46% Left
Bias Distribution
- 46% of the sources lean Left
46% Left
L 46%
C 41%
13%
Factuality
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