Between the Bells

Wall St closed mixed overnight as the Nasdaq closed over 20,000 points for the first time. The Dow Jones fell by 0.22%, the S&P 500 jumped 0.82% and the tech-heavy Nasdaq gained 1.77%.  US inflation data was released overnight with core inflation coming in steady at 0.3% month on month, the same as its previous result and forecast. Over in Europe, markets closed higher as US inflation data cam...

Over in the US on Tuesday markets pulled back from the recent rally to end the day lower as investors await key inflation data out in the US on Wednesday US time. The Dow Jones fell 0.35% on Tuesday, the S&P500 lost 0.3% and the tech-heavy Nasdaq ended the day down 0.25%. The inflation data out on Wednesday is a key economic reading as it will influence the Fed’s last rate decision for 2024 wh...

Over in the US on Monday afternoon trade, Wall St has pulled back from record territory as investors look ahead to key inflation data out later this week in the US. The Nasdaq and S&P500 retreated from record highs to end the day down 0.61% and 0.61% respectively, while the Dow Jones ended the day down 0.54%. Nvidia shares lost 2.6% on Monday following a Chinese regulator announcing it is inve...

Wall St closed mixed on Friday as the S&P 500 finished the week at a record close. The Dow Jones fell 0.28%, the Nasdaq gained 0.81% and the S&P 500 rose by 0.25%. Over in Europe, markets closed higher on Friday despite the latest political turmoil in France. The STOXX600 rose by 0.2% as investors digested news that a vote toppled the French Prime Minister’s government on Wednesday evening...

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Wall St closed lower overnight as investors await for further economic data including unemployment data coming out in Friday’s trading session. The Dow Jones fell over half a percent, the S&P 500 dropped 0.19% and the tech-heavy Nasdaq lost 0.18%. US unemployment data for November will be released after local market close tonight with a forecast to maintain at 4.1%, the same as its previous re...

Locally yesterday the ASX200 closed 0.38% in the red with eight of the eleven industry sectors lower. Real estate was down the most, while materials, information technology and energy sectors were the only sectors to close in the green.  In US equities overnight, the S&P500 and the Nasdaq both reached record highs, as technology shares led markets, rallying after strong reports released from S...

On Wall Street overnight the S&P 500 notched another fresh record high ending the day up 0.05%, while the Nasdaq added 0.4% and the Dow Jones underperformed the market with a decline of 0.17%. Key US jobs data also out overnight indicated there were more job openings in October than September with 7.74 million openings which topped Dow Jones estimates of 7.5 million, indicating the labour mark...

Our local market yesterday started the week in the green, closing 0.14% higher with technology, consumer discretionary and energy in the lead. Overnight, Wall Street saw technology stocks improve. The Nasdaq closed at records to kick off the first trading day of December, up 0.97%. The S&P500 briefly hit an all-time high before closing 0.24% in the green, while the Dow Jones was just under, cl...

Wall Street closed in record territory again on Friday to close out a very strong November month for equities with the Dow Jones rising 0.42% to a record 44,910.65, the S&P 500 added 0.56% to a record 6032.38, and the Nasdaq ended the day up 0.83%. Chip stocks rallied on Friday on reports that the Biden administration was considering additional barriers on the sale of semiconductor equipment t...

The US economy showed strength this week, with robust business activity and easing inflation. However, the global economic outlook was less positive, with the Eurozone and UK experiencing renewed downturns. Asia-Pacific economies also released key economic indicators and monetary policy decisions. In this week’s wrap, Sophia covers: (0:16): how the US economy demonstrated resilience  (1:19): where...

Wall St closed lower overnight as the S&P 500 snapped a 7-day winning streak, down 0.38%. The Dow Jones lost 0.3% and the tech-heavy Nasdaq fell 0.6% as Nvidia lowered by 2%. Other tech companies such as Dell and HP also lost over 11% following weak earnings guidance. US inflation data was also released overnight with core PCE rising by 0.3% in October, which was in line with the forecast and...

Over in the US on Tuesday markets rallied with the S&P500 and Dow hitting fresh record highs as investors assessed the threat of new tariffs from incoming President-elect, Donald Trump. Trump called for a 25% tariff on products from Mexico and Canada on Monday as well as an additional 10% tax on Chinese goods on top of the 20% already promised on goods from the region, in a bid to stimulate do...

Wall St closed higher overnight as Donald Trump nominated Scott Bessent as the new Treasury secretary. The Dow Jones closed at new record highs, up 1%, the S&P 500 jumped 0.3% and the tech heavy Nasdaq gained 0.27%. Investors were happy that Bessent, the founder of Key Square Group was nominated by Trump for the Treasury secretary role and believe that he will be supportive of the equity marke...

Wall St closed higher on Friday with the Dow hitting a fresh record as investors shift from the high growth tech sectors to areas of the market that are more economically sensitive. The Dow Jones rose 0.97% on Friday to a record 44,296.51 points, the S&P500 added 0.35% and the Nasdaq ended the day up 0.16%. Over in Europe on Friday markets closed higher as investors assessed weaker-than-expect...

Wall St closed mixed overnight as investors await AI giant Nvidia’s upcoming earnings report. The Dow Jones gained 0.32%, the S&P500 closed flat and the tech heavy Nasdaq fell 0.11%. Investors are awaiting results from Nvidia whose results could hold more significance than some key economic reports given the chipmakers $3.6 trillion market capitalization which could also impact markets for the...

Wall Street closed higher on Tuesday despite rising geopolitical tensions between Russia and Ukraine. The Nasdaq led the gains with a rise of 1% as Nvidia popped 5% ahead of the release of its earnings results out on Wednesday. The S&P500 ended Tuesday’s session up 0.5% and the Dow Jones reversed early session losses to close 0.1% higher. Walmart shares are up over 5% after the US retail corpo...

Wall Street returned to mostly rally mode on Monday with the Nasdaq leading the gains, posting a rise of 0.6% at the closing bell while the S&P500 added 0.4% but the Dow Jones ended the day down 0.1%. Tesla shares popped 5.6% on Monday amid reports President Elect Donald Trump’s team is working on ways to ease self-driving regulations, while Nvidia shares lost 1.3% as investors await earnings...

Wall St closed lower on Friday as investors maintain concerns over US interest rates. The Dow Jones fell 0.7%, the S&P500 lost 1.32% and the tech-heavy Nasdaq dropped 2.24%. Investor concerns for US interest rates rose, when Federal Reserve Chair, Jerome Powell, commented that the central bank “wasn’t in a hurry” to cut interest rates. Over in Europe, markets closed lower, recording a fourth c...

This week, several ASX-listed companies provided quarterly updates as we close out Q1. Among those reporting were Commonwealth Bank, James Hardie, and Xero. Additionally, check out Grady’s insights on the key themes for FY25 as depicted in Q1 results. In this week’s wrap, Grady covers: (0:23): CBA soared to record highs, but what does the outlook suggest? (2:05): Xero maintains profitability, how...

Wall St extended its post-rally breather into Wednesday with the major averages ending the day mostly flat. The Dow Jones rose 0.11%, the S&P500 added just 0.02% and the tech-heavy Nasdaq ended the day down 0.26%. The US CPI index for October showed inflation rose to an annual rate of 2.6% which met economists’ expectations and was a slight uptick from the 2.4% reported in September. Core infl...

The Wall Street post-election rally took a breather on Tuesday from the record highs set across the major averages in recent sessions. The Dow Jones fell 0.86%, the S&P500 lost 0.3%, and the Nasdaq ended the day down 0.09%. Treasury yields also climbed on Tuesday with the 10-year adding around 10 basis points which also weighs on investor appetite for equities. In Europe overnight, markets clo...

Wall St closed higher to start the trading week as the Dow Jones closes above 44,000 for the first time ever, jumping 0.69%. The S&P500 rose by 0.1% and the tech-heavy Nasdaq gained 0.06%. In terms of US stocks, JP Morgan Chase and Goldman Sachs rallied 1.1% and 2.3% respectively as investors hope that Trump’s election into the white house could lead to easier regulation in the banking sector....

Wall St topped record territory on Friday with the S&P500 and Dow Jones ending the day at fresh record highs in the wake of Trump’s election victory and the Fed cutting interest rates by 25-basis points late last week. The S&P500 rose 0.38% to a fresh record 5,995.54 points, while the Dow Jones rose 0.6% to a fresh record 43,988.99 points and the Nasdaq ended the day up 0.09%. Despite the...

This week saw global markets rally in anticipation of the outcome of the US Presidential Election earlier this week. Wall Street rallied following Donald Trump’s second win of the US presidential election, with the major averages reaching record highs at the closing bell on Wednesday.  In this week’s wrap, Grady covers: (0:42): why the gold price took a hit this week (1:22): EV giant Tesla’s share...