The ASX 200 is down 58 points (-0.8%), as all sectors track lower. The All-Tech Index getting slammed following the NASDAQ sell-off last night, down 2.4%. Financials are down with the rest of the market, the Big Bank Basket is down 0.2% to $182.46. Resources are lower, gold copping it. Consumer discretionary stocksare mostly lower, the sector is down 1.8%. Energy stocks are mixed but mostly lower. Defensives are all down, Healthcare, Staples, and Utilities are all getting hit. BWX (BWX) getting smashed as they admit to deceptive behaviour and lower FY23 guidance, down 47.6%. Domain Holdings (DHG) pushing lower as they decrease FY23 guidance, down 8.1%. Dow Futures are up 27 points and NASDAQ Futures up 17 points.
Anyone who has been in broking will tell you that the Morning Meeting is how all brokers start the day. The format is to have a quick look at the overnight markets, consider what's coming up in the day ahead, hear from the analysts, share ideas and get set up for the day's stock market activity.
