Half-time wrap:
Aussie shares declined with US equity futures after AI chip-maker Nvidia's earnings guidance fell short of sky-high expectations.
The ASX 200 dropped 34 points or 0.42% by mid-session. Market drags included Wesfarmers and Woolworths following trading updates in the last 24 hours, and resource stocks after a bounce in the US dollar undermined commodity prices overnight. Slim gains in the major banks cushioned the index against a deeper loss.
The market came under pressure from the open following a soft night on Wall Street and a slump in US index futures as a revenue beat failed to convince investors that Nvidia was worth its market valuation after briefly rising more than 150% this year.
Nasdaq futures skidded 0.81% as shares in the chip-maker fell 6.89% in after-market trade. S&P 500 futures eased 0.42% off the back of last night's 0.6% loss.
Personal trading: Took VR1. Pity this feels like exactly the wrong day for the market to get excited about AI (thanks, Nvidia). Also had a first dab at ILT - if it's going to swing, it "should" happen from around here. Volume dropping on the retrace is a positive.
