ASX: Australian shares slide to a two-week low as tech drags

(Image: Getty)

Fri, 26 Jul 2024

By Poppy JohnstonThe local bourse has sunk to a two-week low as investors react to a sell-off in US technology stocks following disappointing earnings, with all three main Wall Street indexes finishing lower.The S&P/ASX 200 index had slid 102.5 points, or 1.3%, to 7,861.2 by Thursday's close, with the broader All Ordinaries falling 111.2 points, or 1.4%, to 8,094.3.The steepest losses were felt across technology stocks, down 2.7%, with all sectors finishing lower. WiseTech fell 3.2%, and Xero shares lost 3.5%.Energy stocks notched...

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