Market Updates

Wall St rose Friday as AI jitters eased, ending the week close to record highs. Dow Jones up 423 points. S&P 500 up 0.59%. Nasdaq up 0.64%. Russell 2000 up 0.46%. Mag7 up 1.01%. SOX down 0.41% (failing to bounce). ASX set to rise. SPI futures up 37 points or 0.42% . Gold and commodities firm - Columbus Day in US tonight - Bond markets closed. Marcus Today – Daily Market Insights Marcus Today p...

The ASX 200 rose 56 points to 8,717 to finish the week on a strong note. Up 34 pts on the week. A solid rebound in most sectors after yesterday's fall. News that the Firmus float had been cancelled may have helped sentiment slightly. The banking sector rose slightly, with CBA up 0.8% and MQG also having another good day, up 0.6%. The REITs were also doing well today, with GMG up 3.2% and CHC...

The Nasdaq Composite slid on Thursday as new details about OpenAI spooked investors, putting the artificial intelligence trade under pressure. The tech-heavy Nasdaq was down 1.25% to close at 27,193.34, while the S&P 500 declined 0.47% to 7,765.36. The Dow Jones Industrial Average added 51.77 points, or 0.1%, to end at 51,231.64. Shares of key tech names came under pressure after OpenAI’s annu...

The ASX 200 fell 67 points to 8,661. Rumours continued to swirl around the Firmus IPO and repricing due to valuation question marks. The banking sector was weaker today, with CBA down 1.5% and NAB down 1.6%. The Big Bank Basket fell 1.5% Also, we saw MQG succumb to gravity, falling 0.8%. Insurers were better on the back of higher bond yields, with QBE up 1.4% and IAG also doing well, up 2.2%. The...

U.S. equities fell on Wednesday as pressure continued to build in the bond market, pushing Treasury yields to levels not seen in more than two decades. The Dow Jones Industrial Average lost 341.41 points, or 0.66%, to close at 51,179.87, while the S&P 500 shed 0.22% to end at 7,801.77. The Nasdaq Composite slipped 0.22% to settle at 27,538.69.  Investors were spooked by the benchmark 10-year T...

The ASX 200 slipped a modest 8 points today to 8,728 in quiet trade. Banking stocks were generally easier, with CBA down 1.3% and WBC down 1.2%, and the Big Bank Basket falling slightly to $260.96. Insurers had a better day again, with QBE up 1.3% and IAG also doing well, up 0.9%. REITs were better too, with SCG up 0.9% and VCX up 1.3%. Healthcare once again a positive sector, with CSL up 1.9% and...

The S&P 500 rose to a fresh all-time intraday high on Tuesday, boosted by gains in key technology names as well as declines in Treasury yields. The broad market index climbed 0.58% for a record close of 7,818.93, while the Dow Jones Industrial Average gained 253.38 points, or 0.49%, to end at 51,521.28. The Nasdaq Composite added 0.45% and closed at a record 27,599.79. The tech-heavy index hit...

The ASX 200 rose 49 points to 8,736 (+0.6%) in a relatively quiet day. Broad-based gains today, with the Big Four banks pushing ahead slightly, NAB being the best of the bunch, and the Big Bank Basket hitting $263.66 (0.7%). MQG is continuing to push higher, and other financials are also doing better today, with the insurance sector up as QBE rose another 0.7% and IAG joined in, rising 1.3%.   REI...

The Nasdaq Composite sailed to a fresh all-time high as traders looked past rising U.S. Treasury yields and digested new economic data. The Nasdaq Composite was up 1.05% and hit an intraday of 27,544.07. The tech-heavy index posted a record close of 27,477.31. The Dow Jones Industrial Average advanced 90.94 points, or 0.18%, to end at 51,267.90. The S&P 500 climbed 0.66% to 7,773.95. SPI up 27...

The ASX 200 pushed slightly higher, up only 4 points at 8,686 after hitting a high of 8,736 earlier in the day. Volumes were very light, given it was a holiday in most of Australia. The banking sector topped out early, with only modest moves. At the final countdown, CBA down 0.2%, and ANZ up 0.8%. MQG had a good day again, up 1.0%, but the rest of the financials were wishy-washy, with insurance sl...

Wall St rose Friday, though ended off best levels after non-farm payrolls missed expectations , slightly dialling back rate hike bets (bad news is good news). Dow Jones up 250 points. S&P 500 up 0.73%. Nasdaq up 1.19%. Russell 2000 up 0.94%. Mag7 up 1.61%. SOX up 2.40% (Micron one of the few losers). SaaS up 0.2%. ASX set to rise on Monday. SPI futures up 26 points or 0.3% . CSL deal on new dr...

The ASX 200 recovered some 60 pts to close at 8674 after yesterday's drubbing, ahead of a long weekend in some states in Australia. The ASX rose 10 pts this week. Banking sector recovered slightly after yesterday's drubbing, with CBA up 1.2%, NAB being the best of the bunch, up 1.6%. The Big Bank Basket rose to $261.64 (+1.1%). Insurers also seeing a little bit of buying, especially in Q...

Stocks posted modest gains on the first trading day of October, clawing back earlier declines as Treasury yields retreated from their highest levels in more than 20 years. The S&P 500 added 0.19% to close at 7,666.45, and the Nasdaq Composite eked out a 0.04% gain to end at 26,871.60. The Dow Jones Industrial Average inched up 20.51 points, or 0.04%, to 50,926.56.  The 10-year U.S. Treasury yi...

The ASX 200 plunged 175 points to 8,614 (2%) in a very miserable start to the new quarter.  Across-the-board losses, with the banks leading the way down. CBA fell 0.9%,  WBC fell 3.3%, and ANZ fell 2.9%. The Big Bank Basket fell to $258.69. Insurers also gave up any hope of gains on the back of higher bond yields, with QBE down 2.2% and SUN denying takeover speculation, falling the hardest, down 7...

The S&P 500 slid on Wednesday, the final day of September, even after new U.S. economic data showed inflation slowed last month. The broad-market index dropped 0.25%, giving up its gains from earlier in the trading day and closing at 7,651.54. The S&P 500 was up as much as nearly 0.7% at one point during the session. The Nasdaq Composite advanced 0.24% to end at 26,861.06. The Dow Jones In...

The ASX 200 kicked 80 points to 8789, or 0.9%, after a relatively benign CPI number came in at 4%. Most sectors of the market rallied, with the exception of the banking sector, which still is under a cloud due to economic headwinds from higher inflation and higher interest rates. The Big Bank Basket closed relatively unchanged. We did see insurers, though, kick slightly higher, with SUN up 4.8%, a...

The Dow Jones Industrial Average pulled back 131.59 points, or 0.26%, to close at 51,349.92. The S&P 500 edged down 0.16% to end at 7,670.84, while the Nasdaq Composite slipped 0.09% to 26,797.54. Though all three indexes ended the session off their lows, they also posted back-to-back losing sessions. Bank stocks slid. JPMorgan Chase, Morgan Stanley and Bank of America declined. The State Stre...

The ASX 200 rose 30pts to 8709 (0.3%) after the RBA raised rates by 25 basis points, which has been well and truly priced into the market. After an initial dip, the market pushed a little higher. The banking sector was a little weaker, with CBA down 0.8%. The Big Bank Basket fell to $262.85 (-0.3%). Although the insurance sector was mixed, other financials again were mixed as well, with MQG pushin...

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The ASX 200 rose just 15 points to 8,680 (0.2%) today in listless trade ahead of the RBA and a big week for US Fed chiefs. The banking sector was firm, with CBA up 0.5% and MQG also having a good day, up 2.3%, with the insurers better on higher bond yields. Financials generally were slightly firmer, although PNI fell 2.0% after news from one of its funds on private credit exposure. A slight upward...

Wall St finished higher on Friday and closed near the day's highs. The Dow was up 484 points (up 0.94%), the S&P 500 was up 39 points (up 0.51%) and the NASDAQ was up 129 points (up 0.48%). The Russell 2000 was up 0.07%. The indexes were briefly in the red early after University of Michigan Consumer Sentiment fell to a four-month low of 48.1. Most of the gains came after the New York Time...

Marcus Today – Daily Market Insights   Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.  If you'd like to go further:  Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcast   Join Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offer   MT2...

Marcus Today – Daily Market Insights   Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.  If you'd like to go further:  Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcast   Join Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offer   MT2...

Marcus Today – Daily Market Insights   Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.  If you'd like to go further:  Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcast   Join Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offer   MT2...

Marcus Today – Daily Market Insights   Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.  If you'd like to go further:  Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcast   Join Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offer   MT2...