CommSec Market Update

Wall Street closed at new record highs, with investors now digesting fresh earnings from Nvidia, though the stock slipped after its data centre revenue fell short of estimates. Elsewhere, Cracker Barrel surged on news of a logo revamp, while American Eagle tapped Travis Kelce in the wake of the Sweeney controversy. Meanwhile, bond yields fell as markets shrugged off Fed drama, and Albemarle gained...

The ASX200 edged higher on Wednesday despite hotter-than-expected inflation numbers dampening near-term rate cut hopes, while Woolworths sank 14% on weak earnings. Domino’s plunged 22% after swinging to a loss, and WiseTech dropped 11% on a profit miss. In contrast, Tabcorp surged 24% on a return to profit, SiteMinder jumped 21%, and Lovisa rose 13%. Gold miners also climbed as safe-haven de...

Wall Street eked out modest gains overnight, led by industrials, as Donald Trump’s renewed attacks on the Federal Reserve reignited concerns over its independence. Signet Jewellers shares jumped on news of Taylor Swift’s engagement, while Nvidia edged higher ahead of its earnings release. Apple also drew attention, setting September 9 for the launch of its new iPhone 17. In bonds, the...

The market has taken a much-needed breather today falling slightly following the recent run of record highs seen in nine of the past twelve trading sessions.  Stevie unpacks the session discussing the easing of US markets overnight, and how the firing of Fed board member Lisa Cook may impact markets.  Locally, Coles was one of the winners today following better than expected earnings dat...

Wall Street ended lower as investors digested the hangover from the Jackson Hole symposium over the weekend. Stocks pulled back, halting their Fed-fuelled rally as bond yields moved higher, with bond investors taking a cautious view of the next fortnight. In company news, Keurig Dr Pepper tumbled after announcing an $18 billion acquisition, while sector-specific tariffs weighed on furniture makers...

The ASX200 edged higher on Monday, briefly hitting its ninth record in 11 sessions before slipping back below 9,000. Resource stocks rose on stronger gold, oil and iron ore prices, while banks weighed. Southern Cross Media and Aussie Broadband jumped around 20% on upbeat results, while Ansell, Pilbara Minerals, PolyNovo and Zip also gained. In contrast, Reece had one of its worst days in decades,...

Wall Street surged to fresh record highs after the Jackson Hole symposium, with Fed Chair Jerome Powell hinting at the prospect of lower interest rates. US stocks rallied broadly, lifting most sectors, while bond yields sank on growing bets of a September rate cut. Locally, futures point to record levels for the ASX 200, as commodity prices firm, the US dollar softens, and the Aussie dollar streng...

The Aussie market eased on Friday, snapping its run of record highs as the ASX 200 slipped around half a percent to just under 9,000 points. Healthcare stocks weighed heavily, with CSL plunging after its restructure plans, while James Hardie also disappointed. On the flipside, Zip surged after strong US growth, while NRW and Helia posted gains. Ingham’s and Guzman y Gomez tumbled on results,...

US stocks slumped overnight with the S&P 500 posting its fifth straight losing day and as investors count down the hours to Jackson Hole. US Treasuries also weakened as traders trimmed their rate-cut bets. Elsewhere, Walmart tumbled on a rare profit miss, while oil gained 1% amid stalled Russia-Ukraine peace talks. Back home, Aussie shares are set to ease from record highs, with results due fr...

The Aussie market has hit another milestone today showcasing the best performance in a couple of weeks, with a number of stocks growing by more than 10%.  Steve discusses this monumental session driven by the busiest day of profits reporting for the year.  All of the sectors saw gains with 7 in every 10 stocks rising.  Among the winners today were Bega Cheese, Brambles, and Downer E...

US markets retreated as investors digested the latest Fed minutes, which reinforced the central bank’s focus on taming inflation. Treasuries extended gains following a strong bond auction, while the US dollar slipped after Donald Trump called for Fed governor Lisa Cook to resign. In company news, Target appointed an insider as CEO to spearhead its turnaround, TJX (the owner of TJ Maxx) beat...

The ASX 200 ended modestly higher after a choppy session, with investors digesting profit results and awaiting a key speech from US Fed Chair Jerome Powell. Heavy losses in miners and healthcare, including further weakness in CSL, were offset by strong gains in the big banks. James Hardie slumped on weak US demand, while Breville and Iluka also disappointed. On the upside, Magellan, Stockland, Lot...

Wall Street closed lower overnight as jitters ahead of Jackson Hole and a tech-led slide disrupted the summer calm. In company news, Home Depot reported stronger sales as shoppers shifted to smaller projects, while Palantir tumbled 9%, marking its fifth straight day of losses. On the economic front, US housing starts climbed to a five-month high. Elsewhere, the Reserve Bank of New Zealand is widel...

One stock accounted for almost of the declines across the ASX today.  Steve joins the podcast to reflect on the end to the recent winning streak bringing the first decline in a while.  He discusses the imminent US rate cut decision, the Aussie sectors with healthcare seeing substantial declines amid CSL shares dropping more than 16%.  Seek was one of the winners today following thei...

Wall Street held steady as investors brace for the Jackson Hole Symposium, while the US dollar climbed as Donald Trump hosted talks on Ukraine. Elsewhere, Private equity giant Thoma Bravo was reported to be in discussions to acquire software firm Dayforce, and the Trump administration is weighing a potential 10% stake in Intel. Solar stocks gained on the back of a favorable tax credit ruling, whil...

Wall Street eased from record highs as investors turned cautious ahead of the Jackson Hole Symposium. Meanwhile, UnitedHealth experienced a double-digit surge following Warren Buffett's investment, while Applied Materials declined due to a weaker outlook. Back home, Aussie shares are set to open lower on Monday after Friday’s record finish, with local investors bracing for a wave of earnings...

The record high streak has continued for the Aussie market as it has now hit all-time best levels for 5 consecutive days.  Steve reflects on a week that has seen the ASX200 up around 0.7% with a fourth gain in 5 days and discusses the upcoming week which will be one of the busiest for earnings results.  Steve unpacks the latest on the tariff situation, the part that has played in the rec...

US stocks pulled back from record highs as investors digested fresh inflation data, with Treasuries sliding after wholesale price figures dented expectations for rate cuts. Meanwhile, the Trump administration is reportedly considering taking a stake in Intel, while Cisco signalled stronger AI-related sales. Oil prices climbed to a one-week high ahead of Trump–Putin talks, and the US dollar s...

The market has bounced back impressively today following the modest declines of yesterday and marking four sessions of setting record highs.  Steve reflects on the session where jobs growth and earnings reports have dominated, and how gains in US market overnight supported our performance.  Temple and Webster saw a lift today following better than expected earnings data, Westpac also saw...

Wall Street scaled new record highs overnight as investors continued to anticipate interest rate cuts and with small-cap stocks outperforming their larger tech counterparts. Meanwhile, Scott Bessent suggested Nvidia and AMD’s agreements with China could serve as a model for other firms, while CoreWeave shares tumbled after widening losses from its AI buildout. On the other hand, Paramount sh...

The ASX200 slipped around half a percent despite briefly touching a third straight all-time high at the open, with more winners than losers overall but some heavyweight profit results dragging the index lower. Miners and healthcare stocks helped offset losses in financials and utilities, while standout movers included Tyro Payments after takeover interest, Evolution Mining on strong gold prices, a...

Wall Street surged to new record highs as investors celebrated subdued goods inflation, with two-year US Treasury yields falling after the release of the consumer price data. Meanwhile, Airline stocks jumped as airfares lifted, while in commodities, oil prices dipped ahead of inventory reports. Back home, Aussie shares are expected to extend gains from all-time highs, and the Aussie dollar has str...

It has been an interesting day for the Aussie market as the session got off to a timid start.  Steve joins us to reflect on the performance which picked up following the RBA decision to cut rates and sending the market to hit a new record high.  He discusses the RBA decision and what could be expected around further rate cuts, the big winners with Life360 and JB Hi-fi gaining attention,...

Wall Street gave up early gains as investors turned cautious ahead of key U.S. inflation data. Micron shares surged on a profit upgrade, while Hershey plunged as cocoa prices climbed. Nvidia shares were in focus after President Trump signaled he was open to the company selling scaled-back Blackwell chips to China. Trump also extended the China tariff truce for 90 days and urged them to quadruple t...

The Aussie market kicked off the week on a positive note, with the ASX200 touching another record high before settling about a third of a percent higher, supported by strength in miners and major banks. Lithium stocks surged after reports the world’s biggest EV battery maker may pause operations, while IDP Education jumped on broker upgrades and policy changes for foreign students. JB Hi-Fi...