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S&P/ASX 200 down 0.6% mid-morning, busy end-of-month news day

S&P 500 Index finished up 0.11% and the Nasdaq Composite finished up 0.19% last night.

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The Macquarie conference combined with the end-of-month is producing high levels of news flow

S&P/ASX 200 (INDEXASX:XJO) opened near-flat but has trended down over the morning to be down 0.51% to 6326 points at 11.34am.

Both the S&P 500 Index (INDEXSP:.INX) and the Nasdaq Composite (INDEXNASDAQ:.IXIC) finished higher last night but couldn’t help boost our local market.

With day one of three today at Macquarie’s Australia Conference 2019 in Sydney, a number of companies are releasing presentations with potential sensitive market information.

Google reports poor result aftermarket in US

After the US markets closed, Google’s parent company Alphabet (NASDAQ:GOOG) shares were down 7.3% on weaker than expected revenue.

 

 

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