Market Updates

ASX 200 frittered away early gains to close down 53 points at 6987 (0.8%) in a mixture of apathy and low volumes. Iron ore weakness in Asia the turnaround, as China authorities move to more supervision on stockpiling and hoarding.  BHP , RIO and FMG all took on water down around 1.5%, lithium stocks depressed again, PLS down 2.5%, IGO off 3.3% and MIN off 2.6%. Gold miners were one of the few sect...

Wall Street finished little changed overnight in a holiday-shortened trading day following the Thanksgiving break, with low volume and conviction as markets watch the beginning of seasonal shopping for signs of consumer resiliency. The Dow finished near session highs, up 117 points (+0.33%). Up 126 points at best. The S&P 500 finished flat, and the NASDAQ fell 0.11%. All three indexes notched...

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The S&P 500 rose on Friday and clinched a third straight winning week amid a red-hot November rally. The broader index added 0.13% to settle at 4,514.02. The Dow Jones Industrial Average ended the day higher by 0.01%, or 1.81 points, closing at 34,947.28. The Nasdaq Composite crept up by 0.08% to end the session at 14,125.48. The major averages each notched their third straight positive week....

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ASX 200 rose strongly holding above 700 closing up 58 points at 7007 (+0.8%). Resources are back in fashion as FMG led the iron ore miners higher up 2.7%, with BHP and RIO also doing well. Lithium had a rare day in the green, PLS up 0.9% and MIN up 3.1%. Gold miners slightly higher, Base metals are also better, with IGO up 1.8% and SFR rallying 2.5%. Oil and gas stocks rose as crude prices bounced...

Wall Street finished mixed overnight in a quiet day of trade as markets wait for crucial inflation data tomorrow. The Dow Jones gained 55 points (+0.16%). Up 123 at best. Down 77 at worst.  The S&P 500 fluctuated near its key 4,400 mark before edging lower 0.08%, while the NASDAQ fell 0.22% on cautious trading with CPI results tomorrow, as well as PPI and retail sales data later in the week. T...

 The ASX 200 falls 28 points to 6949 (0.4%) in a quiet start to a big week. ANZ results dominated with a small sell-off after missing some targets and dividend franking levels. The Big Bank Basket dropped to $175.71(0.2%) with ANZ down 3.0%. The other three held firm, MQG slid 2.6% as it went ex-dividend. Other financials slipped, GQG off 0.4% and PAC down 6.3% on a takeover update. Industrials dr...

The Dow lifted near 400 points, the S&P 500 retook the 4400-point mark and the Nasdaq 100 is poised to have risen 10% from its late October low. The catalyst: a surge in demand for tech stocks, both megacaps and others. Helping market sentiment was a steadier US Treasury market. After yields tumbled on Wednesday and surged on Thursday, they were little changed on Friday.  All 10 S&P 500 se...

ASX 200 finishes the week down 38 points to 6977 (-0.6%). Quiet trade ahead of the weekend. Broad-based losses across most sectors, except iron ore and gold. Banks eased back with yields pushing higher, CBA down 0.8%, and NAB suffering from some downgrades falling 1.7%. The Big Bank Basket slipped to $176.11 (-1.1%). MQG eased 0.4%, and SUN down 1.6%. REITs mixed GMG, holding up with a 0.1% gain....

Wall Street finished in negative territory overnight, snapping an eight-day winning streak after Treasury yields jumped as Fed Chair Powell stated that it is too early for the central bank to definitively announce the conclusion of its rate hike cycle, despite not presenting a case for further rate increase. The Dow finished 220 points lower, near worst levels (-0.65%). Dow up 55 points at best. D...

ASX 200 up another 20 points to 7015 (+0.3%), off highs but holding up. Banks continue to find buyers with NAB volatile post results, WBC Ex-Dividend with the Big Bank Basket up to $178.05 (+0.6%). MQG kicked 1.5% higher, with insurers doing well too, SUN up 0.7% with SOL up 1.5%. REITs mixed, SCP and VCX down. Industrials holding up relatively well, Tech in a hole made by XRO with WTC down 2.7% f...

 The S&P 500 rose for an eighth consecutive day on Wednesday, extending its longest win streak in two years. The broad market index added 0.1% to finish at 4,382.78 and match an eight-day string of gains it notched in November 2021. The Nasdaq Composite inched up 0.08% to end at 13,650.41. The Dow Jones Industrial Average lost 40.33 points, or 0.12%, to close at 34,112.27 and snap its best win...

ASX 200 pushes 18 points higher to 6995 (+0.3%). A tale of two cities with banks and industrials doing well and resources falling by the wayside. No sooner had a couple of brokers raised their forecast for iron ore than the miners staggered and slumped. Iron ore price easing and Chinese data not helping from yesterday. BHP down 1.9%, RIO off 2.0% and FMG falling 1.1%. Base metal stocks were under...