By Proactive
Publication Date: 2026-05-26 23:44:00
The ASX looks set to get off to a slow start on Wednesday, with futures down 6 points (-0.07%) at 9:15am AEST, as investors weigh up another strong evening for US tech stocks with renewed instability in the Middle East.
The cautious lead followed a weaker local session on Tuesday as the ASX 200 fell 0.39% as weakness in banks, energy and utilities offset continued strength in mining and copper-related companies.
Wall Street is reaching new highs again
US stocks continued their rise overnight after the Memorial Day break, with the S&P 500 and Nasdaq both hitting new record highs.
Technology and semiconductor stocks again led gains, driven by another strong rally in AI-related infrastructure stocks.
Micron rose nearly 20% after bullish broker comments on long-term AI storage demand, helping to boost the…
