Breakfast Briefing – Tue 10 May

A rough session in the US, as the Dow never traded in positive territory and closed down 2%. The NASDAQ was the worst performer falling 4.3% as stagflation fears continue to weigh on markets. SPI Futures pointing to another day of losses down 99 points (-1.39%). Catch up on the latest with Henry’s Breakfast Briefing.

• ASX 200 SPI Futures down 99 (1.4%)
• Dow falls 654 points (2.0%)
• Nasdaq down 521 points to 11623 (4.3%)
• S&P 500 falls 132 points (3.2%)
• Base metals fall hard. Nickel down 6.4%
• Gold off 1.3% Oil slumps 5.7% on growth fears.
• Iron ore down 4.7%

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