Nasdaq falls as most popular US stocks are hit hard
A sell off of big tech megacaps swept US markets. We saw a lack of buyers compared to sellers, and so valuations dropped. Palantir was hit hard, falling more than 9% with questions over its valuation. Locally, CSL keeps falling this morning following an index-crushing drop yesterday. Others reporting today, such as Stockland, may lift the ASX 200. Stocks mentioned include Palantir, Oracle, Advanced Micro Devices, Super Micro Computer, Coinbase, Intel, Home Depot, Lowe's, Target, CSL, Reliance Worldwide, Lendlease, Woodside, BHP, Seek, Pop Mart, Transurban, Iluka, Dexus, Cleanaway
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.