CommSec Market Update

Wall Street faces significant declines, with U.S. stocks sinking to six-month lows. A wave of recession anxiety has driven investors toward safer assets, fueling a rally in U.S. bonds. The "Magnificent 7" tech stocks suffered their steepest single-day drop since July 2024, while Tesla plunged 15%—its worst decline since 2020. Meanwhile, commodity prices are under pressure due to tariff uncer...

Aussie stocks showed a modest lift on Monday, breaking a four-day losing streak. While trading was light due to public holidays in several states, gains in energy and mining stocks helped boost the market. US markets also closed higher on Friday, buoyed by Fed Chair Jerome Powell's positive economic outlook and a slightly softer-than-expected jobs report. Investors should watch for Australian cons...

Wall Street finished in positive territory on Friday but still logged steep weekly losses. Federal Reserve Chair Jerome Powell acknowledged ongoing economic uncertainty but reassured that the U.S. economy remains strong. In corporate news, Hewlett Packard shares plunged to their lowest level in five years following a disappointing earnings report, while Broadcom shares surged on an optimistic outl...

It has been a rough day for the Aussie market with 80% of companies in the red.  September 2024 was the last time that the market was at this level and so Laura and Stevie unpack the reasons behind this slump.  Market uncertainty is once again in the conversation as Trump continues to move the goalposts on implementing tariffs, They unpack the performance of each of the sectors with fina...

Tariff policies remain a key driver of market volatility, though President Trump has announced a delay on Mexico tariffs. The S&P 500 has dropped to its lowest level since early November, while stocks like Marvel Technology and Victoria’s Secret are struggling due to weak forecasts and macroeconomic risks. US bond yields have risen following labour market data, and the European Central B...

The market has seen another drop today hitting the lowest level since late December and setting up for a third week of declines.  Laura and Stevie unpack this performance and the part that ex-dividend stocks played in the losses and discuss the impact that tariff conversations continue to have on US markets.  They break down the performance of each of the sectors with energy stocks takin...

Wall Street experienced a recovery after President Trump postponed Canada and Mexico tariffs by one month, boosting investor sentiment. He also unveiled ambitious plans for the shipbuilding industry. Foot Locker shares surged on strong earnings, while U.S. private payroll growth slowed sharply in February. Meanwhile, the euro reached a four-month high following Germany’s new infrastructure f...

The Aussie market continued its downward trend, with the ASX 200 dropping 0.8%, hitting its lowest level since late December. This decline comes as the Trump administration imposed steep tariffs on Canada, Mexico, and China, prompting retaliatory measures. While most sectors struggled, tech, utilities, and property trusts showed slight gains, and gold stocks provided a bright spot as investors sou...

Trade war fears rattle markets, weighing on US shares and driving Treasury yields lower. Automakers Ford and General Motors face further downside due to tariffs, while retailers like Target and Best Buy warn of potential price hikes. The US dollar also weakened amid growing concerns over economic growth, and oil prices hit a six-month low due to increased OPEC output. Looking ahead, Aussie shares...

The Aussie market had a rough session, sliding 0.6% after a promising start to March, with global markets also feeling the pinch. Trump's tariffs on Canada, Mexico, and China kicked in, fuelling trade war concerns and adding uncertainty to Australia's market. Oil prices dropped to a 12-week low, meanwhile insurance stocks reacted to an impending cyclone, and gold prices rose as investors sought sa...

Wall Street saw declines as energy stocks dragged the S&P 500 down, while the Dow Jones fell on tariff concerns. US bond yields slipped following disappointing manufacturing data, while semiconductor shares also slumped. In contrast, European markets closed at record highs, driven by gains in defence stocks. Meanwhile, oil prices dropped to their lowest level this year as OPEC signalled plans...

The Aussie stock market started March strong, rising 0.9% after a tough February. Market sentiment is influenced by Trump's latest moves, including impending tariffs on Canada, Mexico, and China, as well as his crypto reserves plan. Locally, all 11 sectors gained, led by energy, materials, and tech stocks. Star Entertainment's trading suspension looms large, with liquidity concerns threatening its...

Wall Street ended a turbulent month on a positive note, with the S&P 500 getting a late-day boost. However, the Nasdaq posted its worst month since April 2024, reflecting ongoing market uncertainty. Meanwhile, U.S. consumer spending fell in January as inflation continued to ease. In corporate news, AES shares soared after the company reported better-than-expected earnings. Over in Europe, mark...

The market is down today and Laura and Stevie reflect on a month that has dropped to levels not seen since 2022.  They discuss how the US market performed overnight and the impact that likely had on local markets with Chinese tariffs in the conversation again and dragging on markets.  All of the sectors are in the red, they talk through the biggest movers including PEXA group, and Endeav...

US stocks are experiencing some volatility after Trump affirmed that tariffs will take effect sooner than previously expected. In company news, investors reacted to a mixed earnings report from Nvidia, while eBay shares tumbled on disappointing first-quarter sales. In contrast, Warner Bros. shares jumped on gains in streaming subscribers. Meanwhile, US Treasury yields rose ahead of key inflation d...

The market has edged higher today following the recent losing streak.  Laura and Stevie talk through this session and the impact that Nvidia’s record breaking earnings results had on both local and international markets.  Locally most of the sectors saw improvements across the session, they talk through the earnings results that caught attention including Coles and IDP Education, a...

US stocks are experiencing a downturn ahead of key earnings results, with Nvidia set for a major test. On the other hand, General Motors raised its quarterly dividend. Meanwhile, US defence stocks fell as Trump confirmed Mexico and Canada tariffs will take effect on April 2. In commodities, oil remains at a two-month low amid rising US fuel inventories, while copper surges and iron ore extends its...

The market has dropped again today in a week that has seen mixed performance across the sectors.  Laura and Steve unpack the session with materials doing the worst and financials helping to balance some of those losses.  Earnings results will continue through the week and so they analyse likely outcomes from these and they reflect on the part that tariff conversations continue to play on...

The S&P 500 has extended its losing streak to four days as weak consumer confidence data weighed on sentiment. Nvidia dragged the NASDAQ lower ahead of its earnings report, while the Magnificent 7 stocks slipped into correction territory. Meanwhile, Tesla sales plunged 45% in Europe, and Krispy Kreme shares suffered a record drop. In Europe, stocks ended higher as gains in banking and healthca...

The Aussie market is down for the sixth time in seven sessions, with losses across tech, mining, and banking sectors. Investors are on edge ahead of Nvidia’s earnings and key U.S. inflation data, both of which could shake global markets. While energy stocks are mixed, Woodside is up despite a profit slump, and consumer discretionary stocks, including Wesfarmers, are dragging. Meanwhile, Zip...

Wall Street is seeing mixed trading, with Nvidia's earnings in focus. In company news, Apple plans to add 20,000 U.S. jobs amid tariff concerns, while Alibaba shares drop on China trade worries. Berkshire rises on strong earnings, but Domino’s slips after a U.S. sales miss. Meanwhile, U.S. Treasury yields are lower ahead of key inflation data, and European markets edged down following German...

The Aussie market started the week with little movement, as declines in tech and resource stocks were balanced by gains in the big banks. Despite slipping earlier, the market recovered from its worst levels, continuing a rough streak of losses over the past six weeks. Globally, the US market saw its worst session of the year, with tech giants dragging the S&P 500 lower. Locally, earnings seaso...

Stocks ended the week lower, with Wall Street suffering its worst session of 2025 so far. US bond yields fell amid weakening economic data, while UnitedHealth declined on a Medicare billing probe. Akamai slipped on a weak outlook, but vaccine stocks jumped on reports of a new coronavirus study in China. In Europe, the Stoxx 600 neared record highs as Germany’s election took focus. In commodi...

The Aussie share market is wrapping up its worst week since September 2022, down roughly 3% as financial stocks weigh heavily after a string of disappointing bank earnings and an RBA rate cut. Despite hitting record highs just last week, the financial sector is now on track for its worst weekly performance in two and a half years. Meanwhile, the materials sector is offering some support, with BHP...

US stocks fell as Walmart’s profit forecast missed expectations amid slowing growth, while Palantir shares fell as the Pentagon planned budget cuts. Alibaba surged on an e-commerce and cloud revival, and Hasbro gained on a profit beat. Meanwhile, US banks underperformed, heading for their worst drop in two months, and European stocks declined ahead of the German election. Oil extended its ra...