ASX set to slide as Wall Street wavers

ASX declines as Fortescue leads down miners; Coles shares jump

It was a day of contrasts on the Australian bourse on Tuesday as a supermarket rally couldn’t offset losses in other parts of the market.

Stocks waver on Wall Street after last week’s rally - WXXV News 25

By  DAMIAN J. TROISE and ALEX VEIGA Updated 2:14 PM CDT, August 25, 2025 Stocks wavered in afternoon trading on Wall Street Monday, after a big jump last week on hopes for interest rate cuts from the Federal Reserve. The S&P 500 was down 0.2%, hovering around its all-time high. The Dow Jones Industrial Average fell 301 points, or 0.7% as of 3:09 p.m. Eastern time, pulling back from the record it set on Friday. The Nasdaq composite edged up 0.1%…