CommSec Market Update

The ASX200 saw a flat trading day after Monday’s sharp 1% drop, which ended a seven-day winning streak—the longest of the year. While sectors were mixed, healthcare and financials dragged, with Westpac and CBA under pressure following weaker results. In contrast, consumer discretionary led gains, and gold miners stood out as gold prices rebounded. At Macquarie’s annual conference...

Wall Street closed lower, with the S&P 500 snapping a historic nine-day winning streak. In company news, GoDaddy posted better-than-expected earnings, while Netflix ended an eleven-session winning streak amid market reaction to Trump’s proposed tariffs on foreign films. Meanwhile, US bond yields edged higher following stronger-than-expected data from the services sector. In commodities,...

The recent winning streak has ended abruptly today, and Laura and Stevie reflect on this session which follows 7 straight days of gains.  The energy sector has weighed on local markets amid price slumps and supply changes, and the tech sector and financials have seen declines with the big banks dragging on local markets.  They discuss the recent election, Westpac’s earnings results...

US stocks rallied on Friday after stronger-than-expected jobs growth in April boosted investor confidence. The S&P 500 rose for a ninth straight session—its longest winning streak since 2004—with all sectors finishing in the green. Communication services led the gains, driven by a 4% jump in Meta shares. Financials also advanced, with the KBW Bank Index climbing 4% over the week, w...

The winning streak has continued into a seventh straight day despite the market opening lower this morning.  Laura and Stevie discuss the session, where the gains could have been attributed to hints at an ease to trade tensions, and locally 10 of 11 sectors are in positive territory with mining and energy seeing some standouts.  Meta, Microsoft, Apple and Amazon results are discussed, an...

US stocks rose to kick off May, as Meta and Microsoft rekindled the AI trade. However, Amazon shares slipped after earnings fell short, weighed down by disappointing cloud revenue. Meanwhile, the weight-loss drug sector saw heightened competition, with CVS choosing Novo Nordisk over Eli Lilly, intensifying the price wars. European markets were closed for the Labor Day holiday, but UK shares remain...

The Aussie market had a quiet start to May, trading in a tight range but holding above the key 8,100-point level. Tech stocks led gains, lifted by strong earnings from Microsoft and Meta, while data centre firms like HMC Capital and DigiCo surged on AI-related investment news. In contrast, energy and materials dragged due to falling oil prices and BHP’s decline. Looking ahead, investors are...

After disappointing economic growth figures, US stocks slumped in early trade, though falling long-term interest rates helped spark a late-session recovery. After hours, Microsoft shares surged on stronger-than-expected earnings, while Meta also gained following an earnings beat. In commodities, oil prices posted their sharpest monthly drop in four years, and industrial metals fell on signs of wea...

Aussie markets wrapped up April on a high, with the ASX 200 closing in on an eight-week peak after five consecutive days of gains. Fresh inflation data showed headline and underlying inflation easing, boosting hopes for a potential interest rate cut in May. Looking ahead, investors are eyeing key US inflation numbers and earnings from tech giants like Microsoft, Meta, and Amazon, plus local update...

Investor confidence continues to build, with Wall Street rising for a sixth consecutive session. Sherwin-Williams shares climbed after a strong first-quarter performance, while UPS fell as the company announced plans to cut 20,000 jobs this year. Meanwhile, Wells Fargo added to the positive sentiment, unveiling a share buyback program of up to $40 billion. In the bond market, US yields slipped to...

The market has extended the winning streak today for a fourth consecutive session.  Steve is solo to unpack this performance with the market going from strength to strength and reaching the best level in around 8 weeks.  Steve discusses the data that is expected tomorrow that could influence local rate cut discussions and looks at international markets with the US also expecting a busy w...

US stocks ended mixed overnight as investors look ahead to a busy week of company earnings. Interest rates eased as markets anticipated key inflation and growth figures due later in the week. Tech giant Nvidia slipped more than 2% after reports that Huawei is preparing to launch a competing chip. In Europe, stocks closed higher, led by gains in healthcare and banking sectors. Meanwhile, the US dol...

The market has lifted for a third straight day with the market cracking the 8000-point mark once again.  Steve is solo to unpack this encouraging performance and to look at the position of each of the sectors with 9 of them seeing gains, tech and energy being the standouts.  Steve discusses the stocks that saw both positive and negative reactions to the ongoing tariff conversations, the...

Wall Street advanced last week, buoyed by the latest earnings reports, with the Nasdaq rising 1.3% to signal a positive trend. Alphabet shares gained 1.7% on the back of encouraging results, while investors now turn their attention to upcoming reports from Meta, Microsoft, and Apple. Meanwhile, trade negotiations between the US and China remain ongoing and complex. In commodities, prices lagged as...

Steve is solo again today with the Aussie market continuing to hold onto some solid gains that have accumulated across this short week.  Steve reflects on this two-week streak following a challenging February and March, looks at the performance of US markets which saw gains amid softening tariff conversations, and unpacks the standout performers today with many seeing gains despite energy and...

Wall Street surged overnight as investor sentiment improved following President Trump's softened stance on trade, fueling hopes for a deal with China. Technology stocks led the rally, with notable gains across the sector. Tesla shares rose after Elon Musk signalled a pullback from DOGE-related activity, while Boeing reported a smaller-than-expected loss despite ongoing trade war concerns. US bond...

It has been an encouraging session on the Aussie market which shook off the sizable declines that started the week.  Steve is solo today to unpack the session where tariff discussions continue to drive market reactions, discuss the standout performers which included energy, tech, and mining stocks, and the hefty declines seen across gold miners.  Steve also looks at what is on the cards...

Wall Street rebounded overnight, with major indexes ending higher as investors responded positively to corporate earnings and growing optimism around easing tariff tensions. Industrial giant 3M held steady, maintaining its full-year outlook, while Tesla reported a 20% decline in automotive revenue. In commodities, oil prices surged 2% following the announcement of new sanctions on Iran, while gold...

Aussie markets held their ground after a rough night on Wall Street, where US indices plunged following Donald Trump’s fiery social media post attacking Fed Chair Jerome Powell. Despite the global jitters, the ASX 200 steadied, thanks in large part to a 3.8% surge in CBA shares. Gold stocks sparkled on safe haven demand, while tech and energy lagged amid interest rate fears and falling oil p...

Wall Street fell sharply, with the S&P 500 shedding 2.5% after President Trump criticised the Fed’s pace of interest rate cuts. Tesla also came under pressure ahead of its earnings release, facing heightened scrutiny. In commodities, oil prices dropped more than 2% on mounting global growth concerns, while gold surged to another record high as investors sought safe-haven assets. Looking...

Aussie shares defied expectations and finished the week on a high, with the ASX200 lifting despite sharp overnight losses on Wall Street. The unexpected strength came after weaker-than-expected March jobs data—just over 32,000 jobs added and a rise in the unemployment rate boosted hopes of a rate cut when the RBA meets on May 20. Energy and mining stocks led the gains, helped by a rebound in...

Wall Street returned to volatility overnight as investors weighed the impact of Jerome Powell’s latest comments on interest rates. Tech stocks led the decline, with Nvidia tumbling 8% following a massive write-down, dragging the broader sector lower. The Philadelphia Semiconductor Index shed more than 5% in response. In contrast, retail sales surged ahead of an expected tariff increase, offe...

The Aussie share market started strong but lost steam by the close, ending slightly lower and breaking its winning streak—despite upbeat economic data from China. Energy, mining, and healthcare stocks dragged the market down, while major banks and gold stocks lifted. On the flip side, Mineral Resources tumbled after two board resignations, and Rio Tinto dropped on weak quarterly results. Inv...

Markets experienced mixed fortunes overnight, as investors weighed the latest developments on tariffs. Sentiment was shaped by reports that the White House may suspend tariffs on auto parts—a move that helped lift European car makers. Meanwhile, bank stocks continued their upward momentum on the back of improved earnings. Johnson & Johnson posted better-than-expected results, though its...

The session has been relatively subdued today and remained mostly flat.  Laura and Stevie discuss the session which saw some slight gains around midday and a mixed performance across the sectors with materials and financials helping to keep the market in the green.  They discuss the dividend payments occurring today including Hub24, the mixed performance of gold miners, and the names tha...