ASX 200 Live Today - Thursday, 1st October
The S&P/ASX 200 is set to fall after US stocks experienced an abrupt last minute selloff. Here are today's top stories.
Welcome to our live ASX coverage for Thursday, October 1. Expect a high volume of posts pre-market and more periodic updates throughout the day. We'll be wrapping the blog up around 2:00 pm AEST. Let us know how we can make it even better.
Good morning!
[8:29 am] ASX 200 futures are down 48 pts (-0.54%). Here's what happened overnight:
Wall Street's final session of Q3 ended with an abrupt last-minute selloff that wiped out an early rally sparked by cooler inflation data, capping a losing September for the S&P 500 and Dow
S&P 500 was up around ~0.3% in the last 30 minutes of trade and nosedived to finish (-0.25%) lower
Nasdaq (+0.24%), Dow (-0.86%) and Russell 2000 (-0.39%)
Softer core PCE and an upgraded Q2 GDP print cut bets on an October Fed hike, but long-dated Treasury yields held near two-decade highs
Micron's blowout result and guidance after the bell reinforced the AI memory boom heading into Q4
