CommSec Market Update

Wall Street staged a recovery, driven by a rebound in tech stocks, with NVIDIA surging 7% following Monday's AI-driven stock rout. Royal Caribbean also saw gains, buoyed by a positive profit outlook and its new river cruise launch. Meanwhile, President Trump's announcement of potential tariffs on computer chips, steel, and pharmaceuticals stirred market uncertainty, impacting oil prices as traders...

Aussie stocks showed resilience today, despite a sharp sell-off in U.S. tech markets, where Nvidia's 17% plunge wiped $600 billion off its value. A Chinese startup, DeepSeek, disrupted the AI space with a cheaper, competitive chatbot, rattling global tech stocks and related sectors like energy. However, Australia’s smaller tech sector shielded local stocks from heavy losses. Energy and prope...

Wall Street faced a significant downturn as NVIDIA plunged 18%, leading the broader tech selloff sparked by China's cheaper AI model, DeepSeek. The disruption triggered a global revaluation of U.S. tech stocks, with NVIDIA losing more than $500 billion in market value—the largest single-company rout in market history. The tech-driven selloff pushed U.S. Treasury yields to multi-week lows as...

The market has had its best week of the year so far and Laura is solo today to recap that performance.  She discusses Trump’s potential Chinese tariffs and the impact that uncertainty around their implementation has had on markets, the performance of each of the sectors with consumer discretionary seeing the largest gains, and talks through the stocks that caught attention including Syn...

Wall Street consolidated as investors shifted their focus to earnings results. At Davos, Donald Trump called for lower crude prices and interest rate cuts, putting downward pressure on oil prices. Meanwhile, global chip stocks took a hit after SK Hynix failed to excite AI-focused investors. In corporate news, GE Aerospace projected 2025 profits above estimates, while Electronic Arts (EA) suffered...

The Aussie market ended its three-day rally with a broad-based decline of 0.75%, driven primarily by weakness in the mining sector amid ongoing concerns over tariffs on China. Despite record highs on the U.S. market, bolstered by Netflix's strong earnings and Trump's $500 billion AI infrastructure plan, the positivity failed to translate locally. On a brighter note, retail giant Myer gained 5.5% a...

US stocks are surging to record highs, fuelled by strong performance in technology and AI-driven sectors. Netflix shares have also soared to new record highs following its largest quarterly subscriber gain in history, while Salesforce is gaining momentum on an encouraging outlook. Elsewhere, Johnson & Johnson has cautioned investors about the risks posed by a strong US dollar, and Procter &amp...

The Aussie market extended its gains for a third consecutive day, nearing record highs, but it wasn't all wins with mining stocks taking a hit on fresh fears that China could be facing tariffs. Energy stocks also struggled, with Woodside declining on falling oil prices and weaker production figures. Meanwhile, Qantas reached an all-time high, buoyed by strong US airline performance and lower fuel...

Wall Street traded higher on the first day following Donald Trump’s admission, while U.S. bond yields sank as markets remained cautious amid tariff uncertainty. The U.S. dollar showed signs of recovery after Trump proposed tariffs on Canada and Mexico, causing their currencies to weaken. In corporate news, Oracle shares surged 6% following an announcement regarding AI infrastructure. Meanwhi...

The Aussie market had a choppy day with the ASX 200 rising by 0.6%, after starting strong but cooling off. Global market uncertainty continues with U.S. President Trump stepping into office, sparking both optimism and volatility. Key sectors were mixed, with financials and materials performing well, while utilities lagged. Netflix’s subscriber growth remains a key focus for the US tech secto...

Wall Street remains closed for the Martin Luther King Jr. holiday, but futures moved higher. The US dollar moderated following recent tariff developments, while the FTSE 100 hit another record high as investors monitored Trump's policies. In Europe, shares edged up, with Trump's inauguration taking center stage and resource stocks leading the gains. Oil prices dipped as the market awaits Trump's e...

The Australian share market kicked off the week on a positive note, recovering from Friday's minor losses with a 0.5% gain, supported by strength across most sectors, excluding energy. Financials, tech stocks, and consumer discretionary led the charge, with banks and tech names like Life360 and Megaport performing well. Globally, markets are abuzz with Trump's impending inauguration and improved U...

Wall Street advanced on Friday, marking its best weekly improvement since the last US election. Moderating interest rates and improving growth pushed the S&P 500 3% higher over the week, with all sectors ending in positive territory. The Dow Jones led the charge, posting a 3.7% weekly increase. As markets anticipate policy announcements ahead of Donald Trump’s inauguration, attention is...

The Aussie market experienced a rollercoaster week, with sharp swings and rebounds as investors digested key local and global developments. Chinese economic data surprised to the upside, with retail sales and production beating expectations. Insignia Financial surged 6.3% amid an ongoing bidding war, while Rio Tinto slipped on weaker production and reports of potential merger talks with Glencore....

Wall Street consolidated after yesterday's surge, as investors digested comments from Fed Governor Waller, who suggested that rate cuts might be possible in the first half of 2025. Meanwhile, U.S. retail sales advanced, capping off a solid holiday season, while the U.S. dollar slipped ahead of the Trump inauguration. In the commodities market, oil retreated from a five-month high amid expectations...

US inflation data fuelled optimism across markets, with softer-than-expected core inflation restoring hopes for rate cuts in the US this year. The ASX 200 surged 1.3%, marking its best day of the year, buoyed by US market gains and a strong local jobs report, albeit mostly part-time. Financials and tech stocks rebounded sharply after recent losses, while commodity prices rose on a weaker US dollar...

U.S stocks surged as investors celebrated easing inflation figures, marking the first decline in American core inflation in six months. Broad gains were seen across U.S. markets, buoyed by strong earnings reports from the banking sector. Leading technology stocks also rallied, driven by a fall in long-term interest rates. In the commodities market, oil prices jumped as U.S. crude inventories fell...

It has been a somewhat volatile session today with the market starting strong but dropping as the day went on.  Laura and Stevie unpack this performance as investors brace for a busy 24 hours ahead with a multitude of US banks set to report on their results, and inflation data also being released which could impact interest rate decisions.  They discuss the performance of each of the sec...

Wall Street saw an advance as U.S wholesale inflation eased unexpectedly, driven by a drop in food prices. Utilities led the markets higher, boosted by increased energy demand fuelled by AI innovations. Bank stocks lifted ahead of upcoming earnings reports, while shares of Eli Lilly, a weight loss drug company, declined due to cuts in revenue guidance. U.S Treasury yields dipped following tame pro...

The market has ended in positive territory today following several sessions of losses.  Laura and Stevie discuss this performance fuelled by a myriad of factors in the US, and the upcoming data that could shift their market in the days ahead.  Back home City Chic was one of the best performers following an announcement around sales figures, most of the sectors saw growth today, and Star...

Wall Street faces mounting pressure amid rising interest rates, with the US 10-year Treasury yield hitting a 14-month high, causing stocks to tumble. Moderna shares plunged 20% after the company lowered its 2025 sales forecast, while Eli Lilly also saw a decline following its announcement to acquire Scorpion Therapeutics' experimental cancer therapy. Retailers' post-holiday results left Wall Stree...

The Aussie market has seen its biggest decline today in around 3 weeks wiping out all the gains of last week.  Laura and Stevie unpack this performance which was largely fuelled by the US sharemarket which performed poorly on Friday following jobs and unemployment data that could result in a US rate cut being pushed out.  Locally energy stocks have been the winners today, but the financi...

Wall Street slumped following the latest job data, as US employment rose more than expected in December. This unexpected growth has narrowed expectations for interest rate changes, suggesting they may remain on hold for the foreseeable future. US interest rates, meanwhile, reached their highest level since November 2023. In the stock market, tech stocks led the retreat, while energy stocks were la...

The session started optimistically but has fallen into negative territory today.  Laura and Stevie unpack this performance, with materials the only sector seeing improvements.  The big 4 banks have played their part in dragging on the market and so they discuss this, but also acknowledge that the market is on track to see improvements overall across the week.  Interest rate movement...

Wall Street is closed in observance of the passing of former President Jimmy Carter, but investors continue to monitor U.S. economic news closely. U.S. Treasury yields are declining as markets remain focused on Trump-era policies, while bond traders anticipate that the upcoming jobs report will test the Federal Reserve's pricing strategies. In the UK, investor confidence in the government is wanin...