Major US stock indexes closed lower overnight after both Microsoft and Meta Platforms highlighted growing artificial intelligence costs that could hit their earnings.
The ASX200 has finished Thursday down 0.3 per cent to record its biggest monthly drop since April, with supermarkets Woolworths and Coles leading the fall.
The S&P 500 and Nasdaq closed higher overnight while the Dow fell in choppy trading as investors digested a host of corporate earnings and awaited Google-parent Alphabet's results after the market close.
Wall Street closed higher overnight ahead of a packed week of earnings from megacap companies and the final stretch before the US presidential election.
A pay rise for thousands of miners is in the sights of the prime minister, as unions urge heavyweights in the sector not to advocate the rolling back of workplace reforms.
Wall Street stocks closed lower on Wednesday (Thursday morning WST), as climbing treasury yields pressured mega-cap stocks and investors grew less confident about strong rate cuts from the federal reserve.
The tech-heavy Nasdaq gained ground to end a choppy session up in the US, as Treasury yields retreated and investors awaited more earnings to assess the health of American companies.
The Dow Jones Industrial Average and S&P 500 closed lower on Monday (Tuesday morning WST), retreating from Friday's record high closes and six straight weekly gains.
The S&P 500 and the Nasdaq ended higher on Friday (Saturday morning WST), boosted by an earnings-driven jump in Netflix shares and broader gains across technology stocks.