Between the Bells

Equities rose in the US on Friday but recorded a losing week across the key indices as investor fears of further rate hikes out of the Fed strengthened on the back of weaker-than-expected initial jobless claims data released earlier last week. The Nasdaq and S&P500 both posted their first weekly losses in 3 weeks losing 1.9% and 1.3% respectively while the Dow Jones fell 0.8% over the week. Sh...

With reporting season for August 2023 coming to an end, investors are being paid their dividends. Investors received $36.8 billion last financial year compared to $29 billion this financial year from the largest 100 ASX listed companies which represented a 21.2% reduction. We take a look at the companies that disappointed and those that surprised.      In this week's wrap, Grady covers:  (0:3...

Wall Street closed lower on Wednesday as investor fears of further rate hikes out of the Federal Reserve, strengthened. The Dow Jones closed Wednesday’s session 0.57% lower, while the S&P 500 and Nasdaq followed suit, ending the day 0.70% and 1.06% lower respectively. Technology stocks have felt the incoming pressure from potential further rate hikes leading to a negative close across the sect...

US stocks closed lower on Tuesday in the first trading session of this holiday-shortened week as the rising price of oil places further pressure on the Federal Reserve on an inflationary front. The S&P500 fell 0.42%, the Dow Jones lost 0.56% and the tech-heavy Nasdaq fell in late trade to close down 0.08% after trading higher all day. Oil prices have been on the rise over the last week after S...

The US market was closed on Monday for the labour day holiday. Over in Europe, markets closed lower in the region on Monday with the STOXX600 closing flat, while Germany’s DAX fell 0.1%, the French CAC lost 0.24% and in the UK the FTSE100 lost 0.16%. European Central Bank President Christine Lagarde said it will be critical for central banks to pin their inflation targets at a period where fluctua...

Favourable jobs data out in the US boosted investor sentiment on Friday to close out a winning week on Wall Street. The Dow Jones added 0.3% on Friday while the S&P500 rose 0.18% and the Nasdaq fell 0.02%. For the week though the Dow and Nasdaq each added 1.4% and 3.3% respectively while the S&P500 rose 2.5%. Non-farm payrolls data out in the US on Friday showed the unemployment rate ticke...

As we near the end of Reporting Season, we’ve seen 348 companies report their earnings. 106 have beat expectations, 146 met expectations, while 96 fell short of expectations. This week, the Australian share market advanced 2.67% this week (Mon – Thurs), in a strong week of trading. All but the energy sector, posted notable gains. The materials sector had the biggest rally, with the sector rising 3...

US equities closed mixed overnight ahead of the August payrolls report, closing out August with losses for all three benchmarks. The S&P 500 and the Dow Jones closed the session in the red, while the tech-heavy Nasdaq was in the green. For the month of August however, the Nasdaq is down 2.17%, the Dow dropped 2.36% and the S&P500 down 1.77%. European stocks were also lower, following the r...

US equities advanced on Wednesday as investors digested the release of fresh economic data. Annual GDP growth in the US was downwardly revised on Wednesday from the previously forecast 2.4% to 2.1% growth. This came alongside US payrolls data showing private employers added 177,000 jobs in August which was below the Dow Jones estimate of 200,000, but adds a further sign of the U.S. economy doing i...

Wall Street closed in the green on Tuesday as investors begin buying into the August dip, especially in the technology space. The tech-heavy Nasdaq rose 1.74% on Tuesday, in its best session since June, while the Dow Jones rose 0.85% and the S&P500 added 1.45%.  Chinese electric vehicle maker Nio fell 5.8% on Tuesday after posting a wider quarterly loss than expected. Best Buy shares rallied n...

Well looking at global markets overnight before jumping into the day ahead. US equities rallied higher, regaining ground in the last week of August, following a month of losses. The Dow Jones and the S&P 500 both gained 0.6%, while the Nasdaq advanced 0.84%, with Meta and Apple trading higher. However, the information technology sector of the S&P 500 is down almost 5% for the month, and al...

Wall Street closed higher on Friday as investors welcomed comments made by Fed Chair Jerome Powell at the Jackson Hole symposium regarding stronger economic growth than expected. The Nasdaq advanced almost 1% on Friday while the S&P500 rose 0.7% and the Dow Jones also lifted 0.7%.  Over in Europe, markets closed mixed on Friday ahead of the European Central Bank President’s speech at the Jacks...

So far this reporting season, 192 companies have reported, with 64 beating expectations, 70 meeting expectations, and 58 falling short of expectations. 29 companies have been upgraded by brokers while 23 have been downgraded. This week, supermarket giants released results with vastly different reactions from investors. The Aussie share market rose 0.48% (Mon-Thu) as a rally on the Nasdaq in the US...

Wall St fell sharply on Thursday, despite a tech rally which was led by a stronger than expected results from chipmaker Nvidia. The S&P 500 finished the day 1.35% lower, which was followed by the Dow Jones and the tech heavy Nasdaq losing 1.08% and 1.87% respectively. Nvidia’s share price reached an all time high after its revenue and earnings significantly exceeded analysts’ expectations. The...

A decline in bond yields paired with anticipation for the release of Nvidia’s quarterly results, fuelled Wall Street to close in positive territory overnight. The Nasdaq extended its rally into a third straight session, adding 1.6%, while the Dow Jones rose 0.5%, and the S&P500 gained 1.1%. After the closing bell Nvidia, the chip making stock leading the AI hype in 2023, reported quarterly ear...

Wall Street closed mixed on Tuesday amid investor concerns over rising bond yields, sentiment wavering ahead of a key speech later this week from Fed Chair Jerome Powell and on key banking downgrades out of S&P Global. Several regional banks including KeyCorp and Comerica fell 4% on Tuesday after S&P Global cut credit ratings on several banks citing ‘tough operating conditions’ as the reas...

Wall St has ended mixed on Monday as the Nasdaq ended its four-day losing streak. The S&P 500 rose 0.69% while the Nasdaq added 1.56%. On the other hand, the Dow Jones closed marginally lower by 0.11%. Earnings season continued on Monday with Palo Alto Networks releasing stronger-than-expected results, which saw its share price rise 14.5% on Monday. Tesla and Meta also climbed 7% and 2.4% resp...

Wall Street ended mixed on Friday as gains in energy and defensive sectors like consumer staples and utilities offset weakness in large growth stocks on the Nasdaq. Alphabet and Tesla fell 1.9% and 1.7% respectively as investors fear interest rates could remain higher for longer which prompted the sell-off in technology stocks. The Dow Jones rose 0.07%, the S&P500 fell 0.01% and the tech-heavy...

The number of companies reporting results this week increased. The outlook for the healthcare sector seems to be slowing whilst in the technology sector, Life360 (ASX:360) surprised investors on the upside. The broader Aussie share market tumbled 2.64% (Mon-Thurs) as Chinese economic data and downgrade warnings for US banks weighed on sentiment.  In this week's wrap, Grady covers:  (0:20) The...

Wall St fell for a third straight day as investors reacted to the latest round of earnings season results released. The Dow Jones dropped by 0.84%, the S&P 500 fell by 0.77% and the tech-heavy Nasdaq lost 1.17% overnight. The 10-year treasury yield peaked, at its highest point since late 2022 on Thursday on outlook from the Federal Reserve’s July meeting minutes signaling further rate hikes ma...

Wall Street extended its red run into Wednesday as investors digested the latest FOMC meeting minutes that included some Fed officials saying further rate hikes may be needed to bring inflation down to the target. The meeting minutes also outlined the current robustness in the economy shown through recent third quarter GDP estimates and retail sales data are not what the Fed wants to see. The Dow...

In New York overnight, US equities closed lower as investors concerns over the state of the global economy, particularly in China, sparked a sell-off in equities, in addition to banking stocks weighing down the market. The Dow Jones fell 1.02%, the S&P500 lost 1.16% and the tech-heavy Nasdaq fell 1.14% on Tuesday.  In Europe, markets closed lower on Tuesday as wages data in the UK weighed on i...

Wall St closed higher on Monday as big tech names and chip stocks posted strong results. The S&P 500 finished the day 0.58% higher, the tech heavy Nasdaq followed suit posting a 1.05% gain, and the Dow Jones closed marginally higher by 0.07%. Software company Nvidia ended the day 7.1% higher, rebounding from an 8.5% sell off last week. This was further boosted with Morgan Stanley touting Nvidi...

Wall Street closed mixed on Friday with the Nasdaq posting a second weekly loss for the first time in 2023 as semiconductor stocks weighed on the tech heavy index. Over the week, the Dow Jones added 0.6%, while the S&P500 and Nasdaq each dropped 0.3% and 1.9% respectively. July producer price index data was released in the U.S. on Friday and confirmed inflation remains sticky in the region. Th...

Reporting season ramped up this week, with investors reactive to news both good and bad. The Aussie share market rose 0.44% this week (Mon-Thu) as a 2.73% gain for the energy sector offset losses in the tech and healthcare sectors. In this week's wrap, Grady covers: (0:21) CBA’s (ASX:CBA) record cash profit  (0:49) Boral (ASX:BLD) & Cettire’s (ASX:CTT) strong results  (2:37) Downer’s (ASX...