ASX 200 drops on tech; Woodside jumps on guidance upgrade; New Acland stage 3 gets water licence
ASX ends lower on falls led by tech and miners. Woodside rockets on guidance upgrade, iron ore outlook gloomy, New Acland stage 3 gets water licence and McGrath downgrades earnings.
Welcome to the Trading Day blog for Thursday, October 20. The Australian sharemarket was lower on broad falls led by tech as investors weighed whether a subdued jobs report was a sign the economy was beginning to cool.
The S&P/ASX 200 index fell 1 per cent, or by 69.36 points, to 6730.70.
On Wall Street, the S&P 500 index lost 0.7 per cent, Nasdaq eased 0.9 per cent and the Dow Jones Industrial Average fell 0.3 per cent.
The dollar was near US62.66c at the open.
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