Connect with us

Business

ASX to slide, Wall Street drops on Biden tax worries – ABC News

Australian shares are set to follow Wall Street’s losses amid investor concerns in the US over higher income taxes for the wealthy.

Published

on

Article feature image

The Australian share market is expected to open lower off the back of Wall Street’s slide amid concerns about higher income taxes for wealthy Americans.
Key points:

  • US investors worried about tax hikes send Wall Street lower
  • Growth stocks like Tesla and Amazon were down
  • Australian shares are poised to follow the decline  

ASX SPI 200 futures were down by 0.1 per cent to 7,018, by 7:05am AEST.
The Australian dollar was lower than recent days at 77.03 US cents. 
In New York, the Dow Jones index dropped…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

Article feature image
3 little-known ASX dividend shares offering big income on Saturday 15 May 2021 – The Motley Fool Australia
Article feature image
George Clooney leads mega-rich property play in the south of France – NEWS.com.au