Swingfolio Daily
ASX briefings — Friday 8 May 2026
Morning setup and afternoon close recap for Friday 8 May 2026. Observations only — no trade advice.
Friday 8 May 2026
ASX 200 SPI futures -1.5% as crude rebounds and US stocks fade record highs
S&P/ASX 200 SPI futures point to a 1.5% lower open Friday after Wall Street pulled back from Wednesday's record close. S&P 500 -0.38% to 7,337.11; Brent crude +2.43% to US$102.49 on stalled Iran-deal progress; AUD/USD -0.52% to 0.7208 hands USD-earners more AUD per dollar of offshore revenue. Energy -1.95% led US sector losses, leaving STO.AU, WDS.AU and BPT.AU with cross-cutting cues into the open.
ASX 200 -1.51% to 8,744 — biggest fall in 7 weeks as Tabcorp slides 14% on AUSTRAC probe
ASX 200 closed -1.51% at 8,744.4 on 8 May 2026, the biggest single-session fall in 7 weeks. Tabcorp (TAH.AU -14.20%) led declines on a Day-2 AUSTRAC enforcement-probe selloff; the big-4 banks slid 1.2-3.8% after this week's HY26 reporting cycle. Light & Wonder (LNW.AU +11.67%) was the standout gainer, bouncing off Thursday's earnings reaction. AU VIX +8.11% to 13.02 — the cleanest single-day fear-gauge spike since March.