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Wall Street's major indexes ended higher on Saturday morning, rebounding from the previous day's sell-off as Amazon's strong earnings countered a significant drop in US job growth in October.
The ASX200 has fallen 0.5 per cent after worrying earnings forecasts from US tech stocks and diminishing rate cut hopes in Europe dampened risk sentiment.
Major US stock indexes closed lower overnight after both Microsoft and Meta Platforms highlighted growing artificial intelligence costs that could hit their earnings.
The ASX200 has finished Thursday down 0.3 per cent to record its biggest monthly drop since April, with supermarkets Woolworths and Coles leading the fall.
The S&P 500 and Nasdaq closed higher overnight while the Dow fell in choppy trading as investors digested a host of corporate earnings and awaited Google-parent Alphabet's results after the market close.
Wall Street closed higher overnight ahead of a packed week of earnings from megacap companies and the final stretch before the US presidential election.
A pay rise for thousands of miners is in the sights of the prime minister, as unions urge heavyweights in the sector not to advocate the rolling back of workplace reforms.
Wall Street stocks closed lower on Wednesday (Thursday morning WST), as climbing treasury yields pressured mega-cap stocks and investors grew less confident about strong rate cuts from the federal reserve.
The tech-heavy Nasdaq gained ground to end a choppy session up in the US, as Treasury yields retreated and investors awaited more earnings to assess the health of American companies.
The Dow Jones Industrial Average and S&P 500 closed lower on Monday (Tuesday morning WST), retreating from Friday's record high closes and six straight weekly gains.
Qantas has apologised for its unlawful pandemic retrenching of 1,700 workers as the transport union pursues the national airline for compensation and fines.
The S&P 500 and the Nasdaq ended higher on Friday (Saturday morning WST), boosted by an earnings-driven jump in Netflix shares and broader gains across technology stocks.
The Dow Jones Industrial Average rose on Wednesday (Thursday morning WST) as Wall Street's three benchmark indexes ended higher, weathering declines in mega-cap tech shares.