Morning Report 6 Dec 21: ASX set for higher open, shrugs off US losses

US sharemarkets closed lower on Friday, dragged down by a sell-off in mega cap technology companies. Tesla shares sank 6.4% with Zoom Video shares 4.1% lower. Shares of Apple slid 1.2% on reports that phones of US State Department employees were hacked. DocuSign shares plunged 42.2% after a disappointing forecast. And Microsoft (-2%) was the biggest drag on the Dow Jones index, which closed down 60 points or 0.2%. The S&P 500 index fell by 0.8% and the Nasdaq index dropped 296 points or 1.9%. Over the week, the Dow fell 0.9%, the S&P 500 lost 1.2% and the Nasdaq shed 2.6%.

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