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Fed chair backed in for another four years, but tech stocks drag down Wall St and ASX looks set for slow morning

Fed chair backed in for another four years, but tech stocks drag down Wall St and ASX looks set for slow morning

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Despite US President Joe Biden backing in Fed chair Jerome Powell for another term, a late tech sell off hit Wall St stocks last night. Results in the US were thus mixed across the board and with ASX futures down 12 points or 0.2% to 7341 near 8am AEDT, it’s not looking like a good start for the local market this morning.

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