Australian shares are set to open little changed, with futures reversing earlier losses in line with Wall Street. All three US benchmarks pared session lows heading into the final hour.
Still, nervousness persisted in New York as investors await Nvidia’s quarterly results on Wednesday (Thursday AEDT). “Declines have left investor sentiment back in the tank, with bears outnumbering bulls by a wide margin last week,” Bespoke Investment said in a note, adding that nearly half of S&P 500 stocks are now oversold.
Source: https://www.afr.com/markets/equity-markets/asx-to-slip-tech-sell-off-leads-wall-st-lower-20251119-p5ngie