ASX set to advance, Wall Street’s AI slump picks up pace
Wall Street's major indices saw declines on Friday, with the S&P 500 dropping 3.47 points to 7,354.02 amidst a slump in artificial-intelligence stocks. Notably, ON Semiconductor plunged 23.7 percent following an acquisition announcement. Meanwhile, the Australian sharemarket is set to rise with futures indicating a gain of 16 points.
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Published 28 Jun 2026, 19:21 UTC · Updated 28 Jun 2026, 19:30 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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