CommSec Market Update

Wall Street shook off growth and trade concerns to close at new record highs, with the tech sector leading gains. The S&P 500 notched its 18th record close of the year, finishing the week up 2.4%, as growing calls for interest rate cuts continued to drive stocks higher. In commodities, oil prices remained in focus ahead of a highly anticipated meeting between U.S. President Donald Trump and Ru...

The market has slipped slightly today marking two days of declines but still remains up overall across the month.  Steve is solo today to reflect on a week which has seen more record highs, and to discuss the tariff rollout and how that alongside sluggish economic data has impacted markets.  Mining stocks have seen some gains today minimising the losses on the ASX, Iress and Nick Scali c...

Wall Street closed lower as rising rates and weak bond demand pressured markets. Treasury yields rose after soft bond auction results, dragging equities down. Healthcare stocks declined, with Eli Lilly falling on disappointing weight-loss drug data. Tech also struggled, with Fortinet plunging over 20% after a weak refresh cycle. Meanwhile, Trump announced tariffs on imported chips and urged Intel&...

Following the record-breaking session yesterday, the market seems to have taken a breather today.  Laura and Stevie reflect on the session, and tariffs continue to make headlines as a number of them come into play today.  The sectors saw mixed performance locally with financials being dragged by the ASX amid recent criticism, Newscorp gained attention following their earnings data, and t...

Wall Street rebounded overnight as investors digested a wave of corporate earnings. Apple helped lift the Nasdaq, boosted by optimism around increased investment in domestic manufacturing. McDonald’s shares rose after the fast food giant returned to sales growth, thanks to popular budget meal deals. Yet not all earnings impressed. AMD slipped as China concerns overshadowed its upbeat AI outl...

Aussie stocks cracked fresh record highs today, with the ASX 200 lifting past 8,800 points for the first time ever. Markets are buoyed by optimism around US rate cuts and easing trade uncertainty, even as Trump’s new tariffs come into effect tomorrow. Meanwhile, a tagging error by the ASX sparked confusion for TPG Telecom, and gold stocks rallied on the final day of the Diggers and Dealers f...

Wall Street ended lower overnight, surrendering early gains as investors weighed fresh signs of ‘stagflation’. In corporate news, Caterpillar revealed the impact of tariffs on its earnings, while Donald Trump announced plans to lift tariffs on pharmaceutical and semiconductor imports. Meanwhile, Tesla shares dipped on weaker sales in Europe, and oil prices fell for a fourth straight se...

It has been the best day in two weeks for the Aussie market as it once again neared a record high.  Laura and Stevie reflect on this session that saw all 11 sectors with improvements, the part that US jobs data may have played in investor sentiment and discuss the winners and losers with 9 in every 10 stocks seeing gains.  Telix Pharmaceuticals fell the most today, Austal gained attentio...

Wall Street notched its best day since May, with the S&P 500 jumping 1.5% as weaker US payrolls boosted hopes for rate cuts. Investors took the soft jobs data as a sign that the Fed may ease policy sooner than expected. Meanwhile, Tesla rallied after news of a $30 billion pay deal for Elon Musk, while Spotify shares climbed on news of premium subscription price hikes. In retail, American Eagle...

A quiet start to the week on the Aussie market as a bank holiday in NSW keeps trade light, but gold miners shine as the price of the precious metal surges. With reporting season now underway, Beach Energy stood out after announcing a record dividend, while BlueScope Steel slipped despite outlining plans for a potential green steel play in Whyalla. Meanwhile, ANZ led the big banks lower, and energy...

Wall Street ended the week sharply lower, dragged down by weak economic data and renewed concerns over U.S. growth. July’s jobs report disappointed, with just 73,000 positions added, well below expectations and fueling fears of a slowdown. Markets are now increasingly pricing in a possible Fed rate cut in September. In corporate news, Amazon shares slid after quarterly earnings failed to mee...

The long-awaited tariff deadline has landed today, and the market has dropped in response.  This decline has wiped out the gains from prior in the week, and Laura and Stevie unpack what unfolded with the Trump administration revealing multiple tariffs.  Australia’s tariff was low compared to other countries, even New Zealand being given a higher tariff, and Canada has seen a tariff...

Wall Street retreated overnight despite upbeat earnings from major tech stocks. Microsoft hit a $4 trillion market cap after beating earnings expectations, while Meta seized the moment to ramp up its aggressive AI spending. Elsewhere, eBay shares jumped on signs of consumer resilience, but Amazon's gloomy earnings forecast weighed on its stock. Adding to the cautious sentiment, US inflation picked...

The month has ended up overall.  Laura and Stevie reflect on four months of improvements despite the local market dropping slightly today.  US interest rates are back in the conversation and trade deals remain in focus with South Korea the latest to make a deal and the deadline set for tomorrow with many still to announce deals.  Locally, only two of the sectors fell today, and it w...

Wall Street closed lower as Fed Chair Jerome Powell tempered expectations for a September rate cut. The Federal Reserve held interest rates steady despite pressure from President Trump, reinforcing a cautious stance amid resilient economic data. In corporate news, Microsoft and Meta both surged in after-hours trading following stronger-than-expected earnings results. In contrast, Freeport-McMoRan...

The Aussie market surged after quarterly inflation came in softer than expected, pushing interest rate cut odds beyond 100% and leaving the ASX just four points shy of a record high. Property trusts, consumer stocks, and financials rallied, while standout moves included gains for PolyNovo, Pilbara, and DroneShield. On the flip side, IGO tumbled on production issues. Plus, we look ahead to US rate...

Wall Street snapped a six-day winning streak overnight, as investors turned cautious ahead of the highly anticipated Federal Reserve meeting. Industrials led the declines on the S&P 500, with UPS plunging after a disappointing earnings miss. The Dow Jones was weighed down by UnitedHealth, which slumped following a downbeat outlook, while Whirlpool shares tumbled amid delays to expected tariff...

The market has tread water again today only inching slightly higher toward the end of the session, likely fuelled by the fact that we are in for a huge amount of potentially market moving events to end the week.  Among those events are trade deals and deadlines as negotiations continue, and more company news.  The majority of sectors saw modest gains with the energy sector the best perfo...

Despite a cautious mood, US stocks held near record highs, while the US dollar recorded its biggest jump since May as trade jitters eased. Super Micro Computer surged on optimism around China-US trade relations, and Nike shares climbed following a broker upgrade, with analysts urging investors to "just buy it" ahead of the Soccer World Cup. In Europe, Heineken shares slipped after the company flag...

The Aussie market edged higher to kick off what's shaping up to be one of the biggest weeks of the year, with major earnings, inflation data and a US rate decision all on the radar. Boss Energy crashed 43% after a shock downgrade, while lithium miners tumbled despite bullish broker calls. WiseTech named a new CEO, Helloworld soared 14% on a surprise upgrade, and Bellevue Gold fizzled after early g...

Wall Street closed the week at fresh record highs, driven by strong corporate earnings and easing concerns about interest rates. Among the earnings standouts, gold miner Newmont surged after posting record quarterly results. Meanwhile, interest rates continued to moderate ahead of key jobs and inflation data due later this week. Back home, Aussie shares are expected to open the week lower, with in...

The Aussie market slipped on Friday as miners gave back gains and financials dragged, capping a choppy week that saw markets flirt with record highs. Energy outperformed thanks to rising oil prices, while Newmont hit a fresh high and CSL lifted healthcare back into positive territory for the year. AMP pulled back despite strong earlier gains. With inflation data, retail trade, central bank decisio...

It was a mixed bag of earnings overnight.  Tom and Ryan unpack the US session with bond yields increasing while the US dollar dropped, and the S&P 500 and Nasdaq closing at record highs.  Alphabet and Tesla again dominated the conversation, and energy stocks have seen gains amid a climb in oil prices.  Ryan shares expectations around upcoming rate cuts amid unexpected employment...

The Aussie market snapped its winning streak despite a strong US lead, with the ASX200 turning lower after RBA Governor Michele Bullock warned inflation may not fall as quickly as hoped. That cast doubt over an August rate cut, even as markets still expect it. Fortescue jumped on record iron ore shipments, while Bapcor plunged 29% on a profit warning. CSL helped lift healthcare, the only sector in...

Encouraging trade news and earnings numbers that have bettered expectations have resulted in new record highs for the US market overnight. Tom and Ryan reflect on the earnings and updates from Tesla, and the performance of Alphabet.  Lamb Weston was a top performer overnight, and GoPro and Krispy Kreme seem to be being fuelled by retail obsessed Reddit investors.  NVIDIA beat earnings ex...