Between the Bells

Wall St closed slightly higher overnight as the escalating tensions in the Middle East impacted markets. The Dow Jones added 0.09%, the S&P 500 rose just 0.01% and the tech-heavy Nasdaq gained 0.08%. Iran’s attack on Israel has impacted investor enthusiasm on Wall St for the new trading month and quarter, with trader uncertainty set to continue following Israel starting ground operations in Le...

 In the US on Tuesday, Wall Street retreated from record territory as investors assess the potential impacts of escalating tensions in the Middle East. The Dow Jones fell 0.41%, the S&P500 lost 0.93% and the tech-heavy Nasdaq ended the day down 1.53%. Energy stocks rallied on Wall St though on Tuesday as the price of West Texas Intermediate crude spiked after Israel Defence forces said Iran wa...

Wall St opened the week with gains to close out a winning month across the major averages with the Dow adding 1.8% in September while the S&P 500 gained 2% and the Nasdaq added 2.7% over the September month of trading. The Dow Jones rose 0.04% to a fresh record high, while the S&P500 added 0.4% and the Nasdaq ended the day up 0.4%. The rally on Monday followed Fed Chair Jerome Powell’s pre...

It was a mixed session to end the week on Wall St on Friday with the Dow Jones rallying 0.33% to a fresh record high while the S&P500 lost 0.13% and the Nasdaq ended the day down 0.4%. Encouraging inflation data boosted investor appetite for stocks on the Dow Jones industrials index. August’s personal consumption expenditures price index, which is the Fed’s preferred measure of inflation, incr...

The Aussie market experienced investors grapple with rate hike decisions, economic uncertainties, and surprising corporate news this week. The RBA maintained its cash rate at 4.35%, while the Federal Reserve faces increasing pressure to avoid a recession. Amidst this backdrop, luxury fashion platform Cettire (ASX:CTT) delivered impressive financial results, defying economic headwinds.  In this wee...

Wall St closed lower overnight as the Dow Jones ended a 4-day winning streak losing 0.7%. The S&P500 dropped 0.19% and the tech-heavy Nasdaq gained just 0.04%. In terms of US stocks, both General Motors and Ford fell more than 4% following downgrades from Morgan Stanley. Over in Europe, markets fell as the China-fuelled rally lost momentum. The STOXX600 closed 0.11% with half of the major sect...

Wall Street’s record rally run continued from Monday with the S&P500 up 0.25% to a fresh record, while the Dow Jones added 0.2% to a record close and the Nasdaq added 0.56%, led by AI market darling Nvidia rallying 4%. Investors shook off recent worrying economic data including US manufacturing PMI data hitting the lowest level in 15-months for August, and consumer confidence falling to 98.7 p...

Wall St shook off the mixed closed to last week with a record finish on Monday as the S&P500 rose 0.28% to a record high 5,718.57 points while the Dow Jones added 0.15% to another record 42,124.65 and the Nasdaq ended the day up 0.14%. Investors overlooked the latest US economic data in the form of a 15-month low for manufacturing PMI activity in the US for August to welcome the Fed’s rate cut...

 Wall Street closed mixed on Friday with the Dow Jones rising to yet another record high, ending the day up 0.09% to 42,063 points while the S&P500 and Nasdaq each retreated 0.19% and 0.36% respectively. Investors fear the Fed is needing to cut rates aggressively to avoid a recession as inflation is coming down faster than expected. Over in Europe, markets closed lower on Friday following a sl...

The Federal Reserve’s decision to lower interest rates was welcomed by Australian investors this week. Learn why the US rate cut boosted the local market and explore why the recent dip in oil prices is likely to be short-lived.  In this week’s wrap, Grady covers:  (0:10): how Wall St reacted to the Fed’s rate cut  (1:20): the recent data signalling economic stability in the US  (2:08): why the US...

The US market closed lower on Wednesday despite the Fed announcing a 50-basis point rate cut in the first rate cut of the interest rate cycle as inflation continues to ease in the world’s largest economy. The Dow Jones fell 0.25% on Wednesday while the S&P500 lost 0.35 and the tech-heavy Nasdaq ended the day down 0.31%. Investors likely responded to the 50-basis point rate cut with concerns ov...

Overnight, Wall St closed flat as investors await for the Federal Reserve interest rate decision in the US on Wednesday. The Dow Jones fell 0.04%, the S&P500 rose 0.03% and the tech heavy Nasdaq jumped 0.2%. The Federal Reserves interest rate decision will be announced after local market close today following the aggressive hiking campaign that started in March 2022, which could help boost ear...

Wall St started the new trading week with a mixed session ahead of the commencement of the Fed’s FOMC meeting where it is expected a rate cut of 0.25% will be announced as the US inflation rate continues to ease to the target 2% while the economy remains robust enough to avoid a recession. The S&P500 reversed morning losses to close Monday’s session up 0.13% while the Dow Jones rose 0.55% to a...

On Friday, Wall St closed higher to cap off what was the best week of 2024. The Dow Jones rose by 0.72%, the S&P500 jumped over half a percent and the tech heavy Nasdaq gained 0.65%. In terms of US stocks, Alphabet rose 1.8% and Uber added more than 6%. Over in Europe, markets closed higher to end the trading week following the European Central Bank’s decision to cut rates. The STOXX600 closed...

The global economic landscape is a dynamic interplay of inflation, interest rates, and geopolitical events. As investors navigate this evolving environment, key economic indicators continue to shape market movements. From China’s struggling inflation to the United States’ resilient economy, this week’s economic data has offered a missed bag of signals. As we delve deeper into the details, it becom...

Wall St closed higher overnight as the S&P 500 records its fourth straight winning day up 0.75%. The Dow Jones rose 0.58% and the tech heavy Nasdaq rose by 1% as investors anticipate a rate cut by the Federal Reserve next week. Over in Europe, markets closed in the green following a 25 basis point rate cut from the European Central Bank. The STOXX600 ended the trading session 0.78% higher with...

Overnight, Wall St closed higher as investors reacted to the latest US inflation data readings and what it could mean for the Federal Reserve policy. The Dow Jones gained 0.31%, the S&P 500 rose by 1.07% and the tech-heavy Nasdaq ended Wednesday’s trading session 2.17% higher. In terms of US inflation data, core inflation year on year remained the same as its previous result and in line with t...

Wall Street rallied in the final hours of trade on Tuesday to post a positive finish across the major averages as investors bought into higher growth stocks which boosted the Nasdaq to a 0.84% gain at the closing bell. The S&P500 rose 0.45% on Tuesday and the Dow Jones reversed losses to end the day up 0.23%. Investors in the US are now bracing for key inflation data out in the US on Wednesday...

Over in the US, Wall Street started the new trading week in positive territory as investors bought into the dip following Wall Street’s worst week in a year last week. The Dow Jones rose 1.2% on Monday, the S&P500 climbed 1.16% in recovery after the index posted its worst week since March 2023 last week, and the tech-heavy Nasdaq ended Monday’s session up 1.16%. Investor eyes in the US are now...

Wall Street closed lower across the board on Friday as investors assessed the August jobs report which was released on Friday morning. The S&P500 fell 1.73% to post its worst week since 2023 with a 4.3% decline over the 5-trading days, while the Nasdaq tumbled 2.55% on Friday and the Dow Jones ended the day down 1.01%. The jobs data out for August on Friday indicated non-farm payrolls rose by...

The Australian market has just weathered a turbulent reporting season for FY24, with many companies struggling under the weight of rising interest rates and inflationary pressures. Despite a handful of standouts, the overall outlook for FY25 is cautiously pessimistic. As we dive deeper into the key takeaways and predictions for the coming year, it's clear that businesses will need to adapt to...

Wall St closed lower overnight as the S&P 500 and the Nasdaq fell for the second straight session to start September. The S&P 500 fell 0.16%, the tech-heavy Nasdaq ended the day 0.3% lower and the Dow Jones had a slight rise of 0.09%. Over in Europe, markets closed lower on Wednesday’s trading session following losses on Wall St. The STOXX600 closed 1% lower with most sectors closing in th...

Well, the Australian market closed yesterday’s session slightly lower, as consumer and mining stocks weighed on the ASX200, ahead of Australia’s GDP reading for Q2 out later this morning. Economists are expecting 0.3% growth, from 0.1% reported in Q1. The market may see a strong investor reaction if reports are below expectations, as the high-interest rate environment continues to weigh on the eco...

Due to the Labour Day holiday over in the US, markets were closed in the region, however over in Europe, markets ended the day flat to start September. The STOXX600 closed 0.04% lower, with losses led by retail stocks which dropped 0.77%, whilst telecoms stocks added 0.78%. Germany’s DAX added 0.13%, the French CAC gained 0.2% and over in the UK the FTSE100 fell 0.15%. Locally yesterday, the ASX20...

Wall St closed higher on Friday to end what was a volatile month, with the Dow Jones posting a fresh record high. The S&P 500 gained over 1%, the tech-heavy Nasdaq jumped 1.13% and the Dow Jones ended the trading day over half a percent higher. US inflation data was released on Friday, with the personal consumption expenditure price index rising 0.2% in July, in line with economist expectation...