Morning Report 2 Apr 20: ASX set to follow Wall St lower on Thursday

April 1, 2020

US sharemarkets fell on Wednesday. Investors are worried about the outlook for the economy. Financials fell 6.0%. Energy stocks fell by 4.6% and airlines and cruise operators continued to fall sharply. Shares in United Airlines fell 18.7% with Carnival down 33.2%. The Dow Jones index fell by 974 points or 4.4%, after being down 1133 points late in the session. The S&P500 index fell by 4.4% and the Nasdaq lost 340 points or 4.4%. 

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