ASX set to fall despite strong close Yesterday

he ASX is set to dip following negative performance from Wall Street overnight. According to the latest SPI futures, the ASX 200 is expected to open 18 points or 0.25% lower on Friday morning. Whilst the ASX is expected to close lower, it finished strongly yesterday. An afternoon materials rally of 2.6% accounted for the ASX finishing 0.5% higher at the close on Thursday. Record high inflation in the US is set to reek havoc with S&P 500 companies to raise the cost of their products as Joe Biden’s approval rating plummets. 

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