ASX set to advance, Wall Street’s AI slump picks up pace

🇦🇺 The Sydney Morning Herald (AU) —
ASX set to advance, Wall Street’s AI slump picks up pace

AI Summary

The Australian Securities Exchange is expected to advance despite a slump in AI-driven stocks on Wall Street. Overall U.S. stock markets rose after oil prices decreased following tensions with Iran, though AI-related stocks limited broader gains.

Most of the US stock market rose after oil prices eased back to where they were before the war with Iran, but drops for stocks swept up in the mania around AI kept the market in check.

Markets AI & Tech Energy ASX Wall Street stock market AI stocks oil prices market trends

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