ASX briefings — Friday 26 June 2026

ASX set to edge up as a Wall Street rotation pressures big tech, lifts the Dow

Wall Street rotated out of big tech on Thursday: the S&P 500 held flat while the Nasdaq fell 0.46% and Apple dropped 6.15% on memory-cost-driven price hikes, even as the Dow and small caps rose on a more hawkish Fed path. ASX 200 futures point about 0.15% higher, with WTI up 2%, Brent up 1.7% and gold recovering 0.8% overnight, giving energy and gold names a firmer lead while local tech faces the offshore weakness.