ASX to bounce back; Wall Street ends run of losses

Summary

• SPI futures are up 1.3% and indicate a sharp rebound for local stocks at Thursday's open
• Wall Street's tech giants bounced back overnight, halting a three-session sell-off that slashed 10% off the NASDAQ
• Tesla and Apple rose 11% and 4%, respectively, having copped a beating after accumulating massive gains in recent months. Amazon and Microsoft jumped 3.8% and 4.2%
• Myer has swung to a $172m full-year loss after the retailer was forced to write down the value of its brand name amid the COVID-19 crisis