All three US stock indexes closed lower on Friday after President Donald Trump said he plans to announce reciprocal tariffs on many countries next week, following weak jobs and consumer sentiment data.
Wall Street drifted higher overnight as gains for most stocks outweighed drops for Alphabet and some other big-name companies following their latest profit reports.
Calm returned to Wall Street overnight, and tech stocks led US indexes higher following a strong profit report from Palantir Technologies, a darling benefiting from the artificial-intelligence boom.
Billions of dollars have been wiped from the Australian share market as it plunged to its worst loss in four months and the dollar fell to a near five-year low.
Australia is leaning on its strong ties to the United States and a trade surplus to keep out of Donald Trump's firing line as he imposes tariffs on allies.
US stocks ended a volatile session higher overnight as investors digested a stack of key earnings reports, with upbeat comments from Tesla helping to offset a disappointing forecast from Microsoft.
The ASX200 has hit a new high in intraday trading and finished just under its all-time closing record amid optimism the RBA will cut rates at its next meeting.
US stocks ended higher overnight, with Nvidia and other artificial intelligence-linked technology shares recovering from sharp losses the previous day as investors snapped up bargains.
