Wall Street plunged overnight as fears of tighter AI regulations following the Democratic sweep of the US midterm elections sparked a sharp sell-off in chip stocks. The losses are set to weigh on the ASX, which is poised for a weaker open after yesterday's strong rally, while renewed concerns about the conflict in Iran pushed oil prices higher.

**This episode was recorded with two hours of trading to go on Wall Street**

Join James Gruber, Equity Market Strategist, and Gillian Bowen, Head of Media and Markets at CommSec, as they take you through all the key numbers.

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The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.