Day traders' after-market lounge June 22

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    Thanks afternoon crew.


    End-of-day wrap:


    Aussie shares suffered their heaviest loss in more than three months after the threat of more rate hikes dragged Wall Street to a third straight loss.

    The ASX 200 dived 119 points or 1.63%. Today's fall was the sharpest since March, surpassing an 87-point decline on June 6 and a 118-point dive on May 31.

    All 11 sectors declined. Tech, REITs and telecoms lost more than 2%.

    Just five companies on the index gained more than 1%: NWH, LTR, TLX, CKF and BGL.

    Overnight, US stocks fell for a third session after Federal Reserve Chair Jerome Powell said most of his colleagues at the central bank anticipate two more rate hikes this year. S&P 500 futures were down 0.16% at the Australian close.


    Last edited by highlandlad: 22/06/23
 
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