ASX 200 rebounds as Apple lifts US futures

ASX ends a three-day fall as Apple lifts US futures and ANZ rise 1.5 per cent after a weak start after reporting. Qantas CEO-elect Vanessa Hudson's pay revealed. Rio's 'hard choices' on climate. ANZ CEO says banks not immune from US contagion. 

SYDNEY, AUSTRALIA – Newswire Photos October 31, 2022: Members of the public are seen walking past the ASX in Sydney. Picture: NCA Newswire / Gaye Gerard

Welcome to the Trading Day blog for Friday, May 5. ASX 200 closes up 0.4 per cent at 7220, ending a three-day fall. Qantas CEO-elect Vanessa Hudson's pay revealed. Rio's 'hard choices' on climate. ANZ CEO says banks not immune from US contagion. 

The S&P/ASX 200 index ends up 0.4 per cent at 7220 as US futures rise on better-than-expected results from Apple. It follows a fall of as much as 3 per cent from Monday's high, on US bank woes and an unexpected RBA rate hike.

On Wall Street, the S&P 500 closed 0.7 per cent lower, the technology-focused Nasdaq Composite index fell 0.5 per cent and the Dow Jones Industrial Average shed 0.9 per cent.

The Aussie dollar is near US67.40c.