Expect a major ASX reaction to the election

US rally kept going overnight, but only because of strong tech performance after results released by Microsoft and Meta. (Apple and Amazon followed after market close.) Microsoft rocketed higher, leading the market up. But key data such as manufacturing is dour, which belies deeper, real concerns for the market. Locally the Australian market dipped lower at open. Volatility remains high, with signs indicating we're likely to see a large move in line with tomorrow's federal election result. Every investor should be paying attention to Monday trading and consider their portfolio today.

Securities mentioned Apple, Amazon, Microsoft, Meta