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ASX set to fall as tech giants weigh down Wall Street – Sydney Morning Herald

Big technology shares were dragging down the entire market, setting up the ASX to start its session in the red.

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Technology companies dragged indexes lower on Wall Street on Tuesday (US time), pulling the market further from its recent all-time highs.
The S&P 500 fell 0.7 per cent, erasing its gains from last week. Big technology companies like Apple and Microsoft fell as the sector declined for the sixth straight day. Losses in communications stocks and companies that rely on consumer spending also weighed on the market, offsetting gains by financial, industrial and materials stocks. Treasury yields fell…

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