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It will be a day of red for the Aussie share market bracing for a fall of 1.95% at the open.
Just a day after the benchmark S&P500 and tech-heavy Nasdaq hit brand-new record highs, U.S. equities tumbled overnight, seeing their biggest drop in months as investors locked in profits. Despite the better than expected economic news with jobless claims falling more than expected, investors took the opportunity to cash in on the stocks that have been driving the market higher over the last five months.
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