Thanks @shovel40, @Fiji1, @uncleBuck and morning crew. Half-time...

Thanks @shovel40, @Fiji1, @uncleBuck and morning crew.

Half-time wrap:

The share market tilted towards back-to-back losses for the first time in four weeks as poorly-received trading updates this morning from US giants Microsoft and Meta Platforms weighed on US stock futures.

The ASX 200 eased 39 points or 0.48% by mid-session. The morning's best performers were Mineral Resources, Corporate Travel and JB Hi-Fi.

The major supermarkets fell for a second day. Other drags included utilities, industrials and miners.

Weak overnight leads from Wall Street were compounded by the reaction to after-market trading updates this morning from two of the 'Magnificent Seven' group of US market leaders. Shares in Microsoft dropped 3.73% in after-market trade as the company forecast slower growth in its cloud business. Facebook-owner Meta shed 3.1% after announcing big spending plans.

S&P 500 futures slid 0.28%. Nasdaq futures declined 0.41%. Both indices fell overnight as treasury yields rallied and outlooks from chip manufacturers disappointed.


Personal trading: Always tricky trading around quarterly time - technical levels no longer have the same value. Sold a few LIS into the tepid initial bounce. Still holding some for any genuine reversal. Waded into MDR when the selling appeared to peak.