Wall Street was lacklustre overnight after Friday’s stellar performance thanks to a fall in the US unemployment rate, and Apple’s better than expected quarterly earnings.
Disappointing company profit reports weighed on the market with drug manufacturer Catalent (-25.7 per cent) tanking after warning of a $US400 million cut to its annual revenue and profit forecasts.
Meanwhile, Tyson Foods slumped (-16.4 per cent) after making a loss over the second quarter.
The Dow Jones index fell 0.2 per cent, the S&P 500 was flat, while the Nasdaq Composite rose 0.2 per cent.
And as Australian investors await tonight’s federal budget, the ASX SPI 200 is down 0.1 per cent, indicating a slow start for the local share market.
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