ASX 200 trims decline after US tech selloff; Macquarie down on earnings miss; Zenith cuts Paradice midcap fund, Deloitte cutting more jobs

Macquarie shares dive to a seven-week low after its interim profit falls short of analysts' expectations. Zenith cuts Paradice midcap fund. Deloitte cutting more jobs. Amcor declines after maintains guidance. Global markets await US jobs data.

Earnings reports from big tech stocks are impacting global markets. Picture: Max Mason-Hubers/NewsWire

That's all from the Trading Day blog for Friday, November 1. The ASX 200 fell sharply to a seven-week low after tech-driven declines on Wall Street and disappointing results from Macquarie, before trimming its losses to be down 0.5 per cent at 8118.8 points at the close.

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 US65.77c.