ASX Set to Edge Higher Despite Wall Street Losses

ASX dips as oil hovers near $US100; Austal jumps on $1.9b bid

Rising oil prices have worsened worries about the high inflation weighing on consumers and companies with the Reserve Bank under increasing pressure to raise rates.

ASX 200 LIVE: Australian shares are set to rise, US equities drift lower on higher oil, bond yields

Australian shares are set to open higher; Dow paces Wall Street down; OPEC output slumps; SpaceX could get rebalancing boost. Follow for live updates.

ASX set to edge higher despite Wall Street losses

US stocks fell on Tuesday as oil prices continued to rise amid the Iran war, increasing inflation concerns ahead of key US price data later this week.The Dow Jones Industrial Average dropped 628.18 points, or 1.18%, to 52,786.07. The S&P 500 fell 0.58% to 7,673.52, while the Nasdaq Composite declined 0.32% to 26,421.41, with all

THE CLOSING BELL: Oil prices keep rising and weigh on Wall Street

NEW YORK, NEW YORK - JUNE 04: Traders work on the floor of the New York Stock Exchange during morning trading on June 04, 2026 in New York City. (Photo by Michael M. Santiago/Getty Images)

Dow Drops 628, Nasdaq Falls 86, S&P 500 Loses 45

NEW YORK (AP) — U.S. stocks fell Tuesday in their return to trading from a three-day weekend after the latest fighting in the war with Iran pushed oil prices higher. The S&P 500 sank 0.6%. The Dow Jones Industrial Average dropped 628 points, or 1.2%, and the Nasdaq composite dipped 0.3%. They felt pressure from rising oil prices after a barrel of Brent crude briefly climbed as high as $99.46. It later settled at $97.92, up 0.9%, to continue its …

Stocks fall as oil rises ahead of inflation reports

U.S. stocks fell as oil prices climbed amid the Iran war, with the Dow losing 628 points ahead of key inflation reports.