ASX to fall, Amazon slumps, S&P 500 falls to early June low

News Snapshot:

The S & P 500 info tech index fell 1.8 per cent on Tuesday, widening its drop from a July peak to 11 per cent, according to Bloomberg. The Conference Board said its consumer confidence index dropped to 103.0 this month, the lowest reading since May, from an upwardly revised 108.7 in August. Economists polled by Reuters had forecast the index easing to 105.5 from the previously reported 106.1. Consumers’ perceptions of the likelihood of a recession over the next year ticked back up. The local currency slid 0.4 per cent, trading below US64¢; the Bloomberg dollar spot index advanced...