Live: ASX set to open higher after tech stocks dumped on Wall Street
Shares in chipmaker Intel fell 8% despite posting a strong quarterly result.The so-called "Magnificent Seven" tech stocks, such as Amazon, Microsoft and Meta Platforms, collectively shed around 5% for the week.
- ▪Shares in chipmaker Intel fell 8% despite posting a strong quarterly result.The so-called "Magnificent Seven" tech stocks, such as Amazon, Microsoft and Meta Platforms, collectively shed around 5% for the week.
ABC News (Australia) publishes from Australia and files mainly under world. We currently carry 1,315 of its stories.
Opening excerpt (first ~120 words) tap to expand
liveMarkets live updates: ASX set to open higher, oil price eases after tech stocks dumped on Wall StreetBy business reporter Stephen LettsTopic:Stock MarketPosted Mon 27 Jul 2026 at 6:59amMon 27 Jul 2026 at 6:59amMon 27 Jul 2026 at 6:59amSkip to timelineabc.net.au/news/asx-markets-business-live-news/106958540Link copiedShareShare articleThe ASX is poised to rise on opening and claw back a chunk of Friday's losses as the US and Iran called off their two-week bombing campaigns.Follow the day's financial news and insights from our specialist business reporters on our live blog.Disclaimer: this blog is not intended as investment advice.Submit a comment or question Log in to commentLive updatesPinnedMon 27 Jul 2026 at 6:44amMon 27 Jul 2026 at 6:44amMarket snapshotSBy Stephen LettsASX 200…
Excerpt limited to ~120 words for fair-use compliance. The full article is at ABC News (Australia).