Wall of Worry Sends Wall St Sharply Lower
Tesla dropped 4.4% after Norway's wealth fund opposed Elon Musk's $1 trillion pay package as the megacap tech index fell 2.1%, amid warnings of a 10-15% market correction.
4 Articles
4 Articles
Wall of worry sends Wall St sharply lower
The ASX looks set to buck a tech-inspired sell-down on Wall Street, after disappointing results for Palantir and concerns about an AI bubble drove a steep fall for US stocks. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
Rise and Shine: Everything you need to know before the ASX opens
Good morning everyone and welcome to Rise and Shine on Wednesday, November 5, 2025. Here’s what you should know before the ASX opens today… At 7 a.m. AEST Wednesday, ASX futures were down 0.2%, pointing to a modestly weak start to the day. Here’s what went down overnight while we were sleeping… Tech tumbles on Wall Street Wall Street decided to take a breather. The Dow fell 0.58%, the S&P 500 slipped 1.14%, and the Nasdaq shed 1.93% as the t…
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