ASX TO OPEN HIGHER ; DOW JONES ADVANCES ; AI SELLOFF EASES

What happened: Australian shares are set to rise, tracking overnight gains on Wall Street. ASX 200 futures were up 74 points, or 0.8 per cent, to 8826. Key numbers: ASX 200 futures +74 points (+0.8%) to 8826. Nasdaq -0.5%. Philadelphia Semiconductor Index -2.5%. US producer prices +1.3% month over month, +6.3% year over year. Why it matters: AI stocks kept dragging the Nasdaq lower, with CoreWeave falling on credit investor concerns before paring losses after Nvidia chief Jensen Huang commented on the cloud provider. The US dollar retreated from an 18-month peak.

Australian shares are set to rise, tracking overnight gains on Wall Street. ASX 200 futures were up 74 points, or 0.8 per cent, to 8826.

AI stocks kept dragging the Nasdaq lower, with CoreWeave falling on credit investor concerns before paring losses after Nvidia chief Jensen Huang commented on the cloud provider. The US dollar retreated from an 18-month peak.