AM 21 Aug 26: Wall Street in the red, ASX set to drop

Wall Street fell overnight as disappointing results from a major US retailer and rising bond yields weighed on sentiment. The ASX is set to follow US markets lower, while oil prices climbed to a more than three-week high as tensions between the US and Iran escalated. Plus, concerns linger over rising long-term borrowing costs as the US Treasury considers expanding its bond buyback program. Join James Gruber, Equity Market Strategist, and Gillian Bowen, Head of Media and Markets at CommSec, as they take you through all the key numbers. Check out our Market News page Follow us on:InstagramLinkedInYouTubeTikTok The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.