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ASX 200 falls 1.2pc as Macquarie drops and tech selloff hits US stocks; Deloitte cutting more jobs
Macquarie shares dive to a seven-week low after its interim profit falls short of analysts' expectations. Deloitte cutting more jobs. Amcor maintains guidance.
Welcome to the Trading Day blog for Friday, November 1. The ASX 200 has fallen 1.2 per cent to a seven-week low - to 8064.6 points at 11.20am AEDT - following tech-driven falls on Wall Street, as Macquarie declines after its profit falls short of analysts' expectations.
In the US, the Nasdaq tumbed 2.8 per cent on a tech selloff after Meta and Microsoft's results. The S&P 500 fell 1.9 per cent and the Dow Jones Industrial Average lost 0.9 per cent.
After the close, Amazon reports stronger-than-expected earnings, Apple narrowly beats estimates and Intel soars despite $US16.6bn loss. Friday's US jobs data will be closely watched ahead of Tuesday's presidential election.
The Aussie dollar is trading around US65.75c.
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