Wall Street recorded a negative session as the impact of tariffs came back into focus with US Services PMI flatlining, with businesses citing new import taxes, and corporate earnings and forecasts of Caterpillar and Yum Brands underwhelming due to tariffs. S&P 500 down 0.49%. Nasdaq down 0.65%. Dow dropped at the open, troughing in the first hour of trading, and then found strength throughout the rest of the session. Closed mid-range, down 62 points. Defensives tended to do best. Materials, REITs and Staples the top three performers. Utilities the weakest performer after consecutive days of outperformance, followed by more Growth sectors like Tech and Healthcare.
ASX to rise. SPI futures up 14 points (+0.16%). Gold firm - REA NWS Results
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