ASX set for gains, tech giants weigh on Wall Street; SpaceX swings higher

AI Summary

Stock markets fell on Wall Street due to significant sell-offs among major technology firms triggered by fears of rising interest rates. The downturn impacted Asian markets and exerted pressure on global equities including anticipation around tech giants like SpaceX.

Stocks fell on Wall Street  as a sell-off in big technology companies spread from Asia back to the US over worries about potentially higher interest rates by the end of the year.