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ASX Down 0.3%: CSL Shares Fall
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Overview
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The S&P/ASX 200 declined by 0.27% due to the 5.2% drop in CSL shares. However, consumer discretionary stocks, particularly JB Hi-Fi, showed resilience with a 1.6% rise. Despite divergence from the S&P 500's trajectory, Wall Street remains optimistic about the late-cycle jobs market and AI-driven growth. SPI futures are indicating a fall of 34 points.
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How might the resilience of consumer discretionary stocks impact the overall market?
What are the potential implications of the late-cycle jobs market and AI-driven growth for the economy?
What factors contributed to the decline in CSL shares?
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