ASX to fall

Australian shares are poised to drop at the open. Both the S&P 500 and Nasdaq Composite reset their record highs, setting the stage for a busy week of quarterly results, particularly from US megacap tech.

Alphabet, Microsoft, Amazon and Meta Platforms are set to report on Wednesday (Thursday AEST), followed by Apple a day later. Those firms are worth nearly $US16 trillion combined, representing a quarter of the S&P 500’s market capitalisation.

Source: https://www.afr.com/markets/equity-markets/asx-to-fall-wall-st-edges-higher-oil-rises-20260428-p5zrii