Live: Wall Street slides as Nvidia pulls down tech stocks, ASX treading water

Wall Street closed its best week in a month on a slightly sour note, as tech stocks were dragged down again over anxieties about Nvidia and AI investments.

The ASX is priced for a flat opening while the Aussie dollar remains under pressure, sliding again to be worst performing G10 currency this month.

Follow the day's financial news and insights from our specialist business reporters on our live blog.

Disclaimer: this blog is not intended as investment advice.

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Mon 16 Nov 2026 at 6:52amMon 16 Nov 2026 at 6:52am

Market snapshot

By Stephen Letts

• ASX 200 futures: flat at 9,114 points
• ASX 200 (Friday): -0.7% to 9,082 points
• Australian dollar: -0.5% to 67.71 US cents
• Wall Street (Friday):  S&P 500 -0.4%, Dow +0.1%, Nasdaq -0.9%
• Europe (Friday): Dax -0.1%, FTSE +0.4%, Eurostoxx600 flat
• Spot gold: +0.1% to $US3,880/ounce
• Oil: Brent futures flat at $US95.84/barrel, WTI futures -0.2% to $US88.56/barrel
• Iron ore (Friday): -0.4% to $US90.95/tonne
• Copper (LME): -1.3% to $US13,467/tonne
• Bitcoin: +0.8% to $US64,698
• 10-year bonds: US 5.14% Australia 5.14%

Prices current at around 7:00am AEDT

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Mon 16 Nov 2026 at 6:50amMon 16 Nov 2026 at 6:50am

Good morning

By Stephen Letts

Good morning and welcome to another day on the ABC markets and finance blog.

Stephen Letts from ABC business team limbering up for a blow-by-blow coverage of the day's events, where every post is hopefully a winner, but none should be construed as financial advice.

Wall Street closed lower on Friday, once again pulled down by the tech sector.

The ASX appears to be lacking direction with futures trading pointing to a flat opening, or a 2 point drop to be more precise.

The Australian dollar is under pressure, falling 0.5% to under 68 US cents on Friday, as US interest rates push higher.

On the data front, it's quiet locally although we'll get insights in the Chinese economy with the big monthly data drop this afternoon, while Japanese GDP will be worth a look as well.