ASX to drop ahead of China, US price data
Timothy MooreBefore the Bell editor
Updated
Australian shares are poised to fall. In New York, the Nasdaq and S&P 500 rose, bolstered by a 7.3 per cent surge in Apple on optimism about plans to boost its devices with AI capabilities. Banking stocks dragged on the Dow.
Apple finished the session with a market cap of $US3.18 trillion; Microsoft is at $US3.22 trillion. Nvidia is at $US2.97 trillion.
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