Quadruple witching in the US boosted volumes. The Dow dropped 191 points (-0.49%), the S&P 500 by 0.65%, and the NASDAQ by 0.96%. Major tech players Microsoft, Apple, Amazon, and Alphabet saw notable losses. Nvidia also dipped 0.1% after Thursday's 3.2% loss. Adobe's disappointing quarterly revenue guidance led to a 13.67% drop in its shares.
ASX SPI Futures down 13.
- Base metals mixed, Nickel -1.19%, Aluminium +0.93%, Zinc +0.24%, Lead -1.30%, and Tin +1.18%.
- Copper up 1.74% supported by fund buying propelling prices to new highs.
- Gold is steady, down 1.15% for the week, its first weekly decline since mid-February. Uranium slightly higher on Kazatomprom production outlook.
- WTI off 0.27% but finishes the week up ~4% on rising demand.
- Currencies - Aussie dollar -0.3% to 65.60c, USD Index flat, and Euro -0.36%.
- 10Y Bond Yields – US 4.308%, Australia 4.154%, and Germany 2.434%.
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