ASX Hits Fresh Record on Rate Cut Hopes; Qantas Dips, Domino’s Tanks

Asian shares are mixed, tracking Wall Street split as momentum slows and Tesla drops

Asian shares are trading mixed after Wall Street’s momentum slowed from its record highs, as Tesla and other technology shares declined

ASX hits fresh record on rate cut hopes; Qantas dips, Domino’s tanks

The Australian sharemarket closed higher on Wednesday after retail sales rose less than expected in May, cementing expectations for another rate cut as soon as next week.

US stocks drift as Wall Street's momentum slows and Tesla drops

NEW YORK (AP) — U.S. stocks are drifting on Tuesday as Wall Street’s momentum slows after setting record highs in each of the last two days. The S&P 500 was 0.3% lower in early trading and on track for its first loss in four days.