Australian shares are set to open slightly lower on Thursday, following a mixed overnight session on Wall Street as investors weighed record highs in the Dow against weakness in technology stocks.
ASX 200 futures were down 9 points, or 0.1%, to 9,143.
In the United States, the Dow Jones Industrial Average rose 0.5% to a fresh record close of 54,349.1. The S&P 500 slipped 0.2%, while the Nasdaq Composite fell 0.8%.
"It's just a straight rocket shot that we've gone up, we didn't even take a breath," Kenny Polcari, chief market strategist at Slatestone Wealth in Jupiter, Florida, was quoted as saying in a Reuters story.
"It's progress, but the market's just going, we're not going to give it to you this time until we actually see the progress, because how many times have we been jerked around over the last four months?"
The Australian sharemarket closed at a record high on Wednesday, with gains in mining, gold and technology stocks offsetting weakness in the banking and energy sectors as optimism grew over a potential agreement to reopen the Strait of Hormuz.
The S&P/ASX 200 Index advanced 82.0 points, or 0.9%, to finish at 9,227.8, with six of the 11 sectors ending the session higher.
Looking ahead to Thursday's session, earnings reports are due from AMP, ResMed and Block.
On the economic calendar, Australia's June trade balance is scheduled for release at 11:30 am AEST.
On the bond markets, 10-year yields eased 0.1% to 4.925%, while two-year yields fell 0.4% to 4.52%.
