Today's ASX news
Tech weakens US stock markets, Snapchat plummets 43%
Weaker-than-expected US economic data hit US stock markets overnight as Snapchat (NYSE:SNAP) shares crumbled 43%.
May 25, 2022
Weaker-than-expected US economic data hit US stock markets overnight as Snapchat (NYSE:SNAP) shares crumbled 43%.
The S&P/ASX 200 (INDEXASX:XJO) was weighed down on Tuesday by concerns that COVID-19 lockdowns have hurt economic growth in China.
US stock markets dropped their bundle overnight after the Bank of England warned of double-digit inflation and rising recession risk in the UK.
The S&P/ASX 200 (ASX: XJO) finished up 0.8% on Thursday as ASX mining and energy shares, such as Whitehaven Coal (ASX:WHC), made headlines.
The US Federal Reserve lifted its benchmark interest rate, as widely expected, with US stock markets jumping following the announcement.
The S&P/ASX 200 (ASX: XJO) eased 0.2% on the first day of a new interest-rate environment as ANZ (ASX:ANZ) shares made headlines.
The S&P/ASX 200 (ASX: XJO) was muted in response to Australia’s first interest rate rise in over a decade. Here’s what you need to know.
The S&P/ASX 200 (ASX: XJO) put in a tough day on Monday as ASX travel shares such as Qantas (ASX:QAN) made headlines.
US stock markets had a poor night, as growing fears of a Russian invasion of Ukraine outweighed good news on the economic front.
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