Market Updates

 Wall Street rose overnight, buoyed by gains in mega-cap tech stocks and a fall in US treasury yields. Dow Jones rose 57 points (+0.17%). Up 111 points at best. Down 69 points at worst. The S&P 500 and NASDAQ notched their longest winning streak in two years, up 0.28% and 0.90%, respectively. The tech sector did most of the heavy lifting, led by gains in Amazon +2.1%, Apple 1.4%, Meta +1.0%, T...

ASX 200 fell 20 points to 6977 (0.3%) after the RBA raised rates as expected by 25bps. Slight rally after the RBA decision and Melbourne Cup. Banks were soft, WBC down 2.7% and ANZ off 1.1% with the Big Bank Basket at $175.44 (-0.9%). MQG down 1.5% under pressure on downgrades across the board, insurers eased, QBE down 0.9% and SUN off 2.1%. REITs mixed, GMG unchanged and GPT up 0.5% with SCG off...

US stocks eked out narrow gains Monday to build on last week’s strong rally, with the Nasdaq Composite notching its longest positive streak since January. The Nasdaq jumped 0.3% to finish at 13,518.78, while the S&P 500 edged up 0.18% to end at 4,365.98. The Dow Jones Industrial Average inched up 34.54 points, or 0.1%, to settle at 34,095.86. Why not sign up for a free trial ? Get access to ex...

ASX 200 rose 19 points to 6998 (0.3%) in cautious trade ahead of the RBA tomorrow. Banks were firm and WBC results helping with the stock up 2.0% on a $1.5bn buyback and a $7.2bn profit. The Big Bank Basket up another 0.8% to $177.42. MQG giving back some of its gains from Friday down 1.0% and MFG slipped 0.4% following its latest FUM numbers. Insurers easing back as 10-year yields fall to 4.70% a...

US equities gained Friday as bond yields sharply off the back of US jobs data, which showed signs of slowing growth and an uptick in unemployment, boosting hopes that the Fed is done with its interest rate hike campaign. The Dow Jones traded higher all day, finishing up 222 points (+0.66%). Up 325 points at best. S&P 500 posted its fifth straight gain, up 0.94%, and the NASDAQ logged its sixth...

ASX 200 closes up 79 points to 6878 (1.1%). Strength straight out of the blocks on US moves to the upside. Banks as always leading the charge with CBA up 1.5% and WBC doing well too, up 1.6%. The Big Bank Basket up to $176.09 (+1.5%). MQG results this morning, an initial sell-off but closing better by 1.8%. Not convincing but some shorts happy to cover. Insurers eased led by QBE off 0.8% as 10-yea...

US equities rose sharply higher overnight, a day after the Fed hinted it may be done with interest rate hikes and a batch of upbeat quarterly earnings updates added to the bullish sentiment. The Dow ended near best levels, up 565 points (1.70%). Dow traded higher all day, with a high of +578 points and a low of +175 points. The S&P 500 posted its fourth consecutive gain and its biggest one-day...

 ASX 200 pulled back from intra-day highs to close up 61 points at 6900 (0.9%). Banks led the market higher with CBA up 1.6%, NAB up 1.5% and the Big Bank Basket up to $173.54 (+1.7%). Fund managers also better but MQG set to report tomorrow were flat. REITs soared on falling yields, GMG up 2.22% and GPT up 3.0% as 10-year yields fell to 4.80%. Healthcare also finding support from oversold levels,...

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ASX 200 kicked 58 points higher to 6838 (+0.9%) after a tentative start. Plenty going on in resources today. BHP commits to potash in Canada up 1.6%. RIO and FMG also kick higher on better iron ore prices. Gold miners a little flat, with NEM down 2.3% and CMM off 1.3%. Lithium producers under pressure again, but the dreamers and schemers were on a roll, AZS up 4.6%, WC8 up 7.1% and TG6 going well...

US equities closed out October on a positive note, with all major indices finishing in the green. The Dow Jones traded in a narrow range before closing near best levels, up 124 points (+0.38%). Up 141 points at best. Down 142 points at worst. The S&P 500 and the NASDAQ gained 0.65% and 0.48% respectively. US equities were down for the month of October, Dow down 1.7%, S&P 500 -2.8%, and the...

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US equities rallied overnight, with all three major indices finishing up more than 1% following last week’s sell-off, kicking off a busy week of earnings reports, economic data and the Fed’s FOMC meeting. The Dow traded in the green all day, finishing near best levels, up 511 points (+1.58%). S&P 500 rose 1.2%, and the NASDAQ gained 1.16%, buoyed by gains in mega-cap tech stocks, Alphabet +1.9...

ASX 200 closed down another 54 points to 6773 (0.8%). A brief rally after the retail sales fizzled out as banks sold off, CBA fell 1.6% and the Big Bank Basket slid to $169.11 (-1.5%). Insurers also under pressure with QBE off 0.7% and SUN falling 1.0%. REITs lower with GMG escaping the sell-off up 1.4%. Healthcare mixed, CSL down again off 1.5% but RMD finding support from brokers up 1.2%. Indust...

Wall Street closed mixed overnight as markets grappled with weak earnings reports and data that supported the possibility of sustained low interest rates. The Dow tumbled 367 points (-1.12%). Up just 3 points at best. Down 457 points at worst. The S&P 500 erased earlier gains and fell 0.48%, while the NASDAQ added 0.38% amid mixed earnings reports. Fresh data showed the Feds preferred inflatio...

ASX 200 closed up 15 points at 6827 (0.2%), down only 1% for the week. Banks better after a run yesterday, the Big Bank Basket up to $171.72 (+0.7%). CBA leading the charge up %. MQG remain under pressure ahead of results due soon, down 0.5%. Insurers slid as yields stabilised, QBE down 1.7% and SUN off 1.0%. REITs finally found some friends, GMG up 0.2% and GPT up 1.4%. Healthcare flat, RMD down...

Wall Street finished lower overnight amid mixed earnings, robust economic data showing resiliency and falling bond yields. The Dow ended near worst levels, down 252 points (-0.76%). Up 69 points at best. Down 292 points at worst. S&P 500 fell 1.18%, edging closer to a correction, with the index now down ~10% from its July peak. The NASDAQ slumped 1.76%, after Meta fell 3.7% on weaker advertisi...

ASX 200 fell 42 points to 6812 (-0.6%), rallying off a one-year low. Resources held up relatively well on some more Chinese stimulus and a falling AUD. BHP up 0.5%, and RIO up 1.2%. Lithium stocks on the nose, although some big winners, in AZS on a bid from SQM up 43.1% and RDN as a ‘nearolgy’ play. PLS fell 0.5% on production report, gold miners slid with NST down 0.8% and NCM recovering some ear...

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Why not sign up for a free trial ? Get access to expert insights and research and become a better investor. Make life simple. Invest with Marcus Today.

Why not sign up for a free trial ? Get access to expert insights and research and become a better investor. Make life simple. Invest with Marcus Today.

Why not sign up for a free trial ? Get access to expert insights and research and become a better investor. Make life simple. Invest with Marcus Today.

ASX 200 falls another 57 points to 6842 (0.8%) as resources weighed on sentiment. The big iron ore miners under pressure, BHP off 2.4% with RIO falling 2.4% and FMG off 2.7%. Lithium stocks well and truly on the nose with PLS sinking another 7.3% as AKE fell 3.0% and MIN down 5.2%. Gold stocks eased too as bullion came off the boil, NCM down 2.0% and EVN down 1.4%. Base metals also under pressure...

All three major US indices closed sharply lower overnight as unrest in the Middle East, rising yields and mixed earnings weighed on market sentiment. The Dow Jones finished near worst levels, down 287 points (-0.86%). Dow up 12 points at best. Dow down 296 points at worst. S&P 500 fell 1.26%, with all sectors in the red as well as falling below its 200-day moving average, a key level seen as a...

ASX 200 managed to cling to 6900 falling 81 (1.2%) points today. Across the board selling as yields and geo-political events take centre stage. ASX 200 down 2.1% for the week.  10-year yields stable at 4.74% with US rates breaching 5.00% briefly. Banks sold off with CBA down 1.0% and NAB down 1.6%. Banks have been very good performers this month ahead of results but profit taking creeping in. The...