# ASX, Dow fall despite Fed commitment to low rates for longer, Nasdaq surges through 10,000 points - ABC News

> The Australian share market closed lower on June 10, with the ASX 200 down 3.1 per cent, after the Federal Reserve forecast a slower US recovery from the coronavirus pandemic. The Dow fell 1 per cent while the Nasdaq rose above 10,000 points for the first time.

- Date: 2020-06-10 · published 2020-06-10T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/52879-asx-dow-fall-despite-fed-commitment-to-low-rates-for-longer-nasdaq-surges
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A gloomier Fed outlook points to weaker US demand and rates staying near zero, which can weigh on the dollar and support commodity prices. The immediate effect on feed markets is limited.

## Sources

- abc.net.au: https://www.abc.net.au/news/2020-06-11/dow-jones-falls-despite-fed-commitment-to-low-rates/12342782

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.