The S&P; 500 and the Dow have extended losses as Cisco Systems slumped after it gave a dismal outlook while investors fretted over the impact of surging inflation on economic growth and corporate earnings.Shares of the networking gear maker slumped 12.
Capitalising on attractive industry tailwinds that have seen the Australian Thoroughbred industry thrive through record prize money which has flowed down to customer spending, Apiam Animal Health Limited (ASX:AHX) is set to open its newest equine hub in Victoria following their acquisition of Victorian Equine Group.
Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) is completing preparations for the hydraulic stimulation and extended production test of Carpentaria-2H. Hydraulic stimulation of C-2H is expected to commence around the end of June 2022.
Wall Street has ended sharply lower, with Target losing around a quarter of its stock market value and highlighting worries about the US economy after the retailer became the latest victim of surging prices.It was the worst one-day loss for the S&P; 500 since June 2020.