Market Updates

Wall St rose sharply overnight, boosted by a dovish shift from Powell at Jackson Hole. S&P 500 up 1.52%. Erasing its weekly loss to finish up 0.27%. Nasdaq best. Up 1.88% but still finished down 0.58% for the week. Dow up 846 points to a fresh record high. The best performer this week up 686 points or 1.53%. Small Caps , the most sensitive to rate cuts spiked 3.86%. Having shown no inclination...

The ASX 200 back below 9000 to 8967, down 52 points (0.6%) as results weighed after a long week. Banks remained firm with WBC up 0.7% and NAB slightly firmer, the Big Bank Basket drifting to $288.16 (-0.2%). Other financials also drifted lower, GQG fell 3.0% after early gains. Insurers firmed, ASX fell 2.1%, and ZIP soared 20.2% on better results. REITs were under pressure as GMG fell 4.8% on brok...

Wall Street recorded a negative night ahead of Powell’s speech at the Jackson Hole Economic Policy Symposium early in the next session. Fear of a hawkish tone being reflected in markets over the past couple of days. S&P 500 down 0.40%, Nasdaq fell 0.34%. Dow recorded another choppy session, finding some strength toward the end. Closed mid-range, down 153 points. Most sectors down. Energy and M...

The ASX cracked the 9000 mark, up 101 points at 9019 (1.1%) as results buoyed sentiment. Some crackers today and, once again, plenty of volatility — even intraday. Banks provided the groundwork with CBA up 0.8% and ANZ again doing very well, up 1.5%, with the Big Bank Basket rising to $288.84 (1.0%). MQG had a good day, and financials generally did well. NWL was volatile post-results, down 0.6%, w...

Wall Street recorded a negative session as Tech once again acted as a drag to the broader market, as investors rotated into other sectors ahead of the Jackson Hole summit which begins today in the US. S&P 500 down 0.24%, Nasdaq fell 0.67%. Dow recorded a choppy session, closing near the open. Closed mid-range, up 16 points. Primarily strong sector performance with the Growth sectors of Cyclica...

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Wall Street recorded a negative session as Tech dragged the broader market down, falling ahead of the Jackson Hole summit which begins on Thursday in the US. S&P 500 down 0.59%, Nasdaq fell 1.46%. Dow rose at the open but fell after the first hour, briefly dropping into the red before recovering to finish flat. Closed near the low, up 10 points.  Primarily strong sector performance with Tech t...

The ASX 200 dropped 63 points to close at 8896 (0.7%). CSL falling 16.9% on restructure and disappointing guidance, responsible for most of the loss. Banks edged higher post results, CBA up 0.5% and NAB gaining some broker love, up 0.8% with the Big Bank Basket up to $281.67 (+0.6%). Insurers sold off again, QBE down 1.2% and SUN off 2.1% with other financials flat, CGF doing well up 2.6%. REITs f...

Wall Street recorded a rather flat session as markets await the Jackson Hole summit and retailers’ earnings. S&P 500 flat, Nasdaq flat. Dow was choppy in early trading and fell from about 1pm onwards but recovered some strength before the close. Closed mid-range, down 34 points. Mixed sector performance. Cyclicals best performer, 1.4% rise in Tesla a primary driver as the car company promised...

The ASX 200 hit a new record high at 8959 (+0.2%) as banks gathered strength. NAB results were in line, with the CEO sounding a little contrite — unlike QAN , which was hit with a record fine for “not being sorry enough.” QAN fell % while NAB rose 2.7%. The Big Bank Basket climbed to $280.06 (%). Insurers were firmer, with IAG up 0.8%. Other financials were less enthusiastic. REITs gained ground w...

Wall St finished the week mostly down as economic data reduced odds for a Fed rate cut in September. S&P 500 down 0.29%. Nasdaq down 0.4%. Dow near flat. Up 35 points. Retail sales met expectations. Up 0.5% in July led by auto sales and online shopping. June reading revised up. Somewhat easing concerns about a stalling US economy post the recent labour data prints. On the downside, the outlook...

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Want to invest with Marcus Today ? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you’re looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.    Why not sign up for a free...

Wall Street recorded a rather flat session as a better than expected producer prices report cooled expectations of the speed of potential interest-rate cuts. S&P 500 inched up 0.03%, Nasdaq inched down 0.01%. Dow fell slowly from the open, troughing at around noon, before recovering to previous levels. Closed near high, down 11 points. Mixed sector performance. Healthcare best performer, was s...

The ASX 200 touched 8900 (nearly) before profit-taking crept in as jobs data was better than expected. The index closed up 47 points at 8874 (0.5%). ‘Super Thursday’ with results dominating. Banks were mixed as CBA continued to struggle, down % with the Big Bank Basket at $274.63 (+0.6%). WBC results were solid and, given its relative value to CBA , rose 6.3%. Other financials firmed, MQG up 1.7%...

Wall Street recorded another positive session with the S&P500 and the Nasdaq closing at new record highs for the second consecutive day after yesterday’s inflation came in broadly as expected, bolstering the case for the Fed to resume easing. S&P 500 up 0.32%, Nasdaq up 0.14%. Dow jumped at the open, weakened a little as the day progressed, but found renewed strength toward the end to fini...

The ASX 200 fell 54 points to 8,827 (-0.6%). Not a bad day considering, CBA was smacked 5.4% on a solid but uninspiring result, with valuations already too stretched to be just “in line.” The fall; accounted for around 50 index points. The Big Bank Basket fell to $273.05 (-4.0%) with ANZ outperforming on catch-up. Other financials slid, QBE down 1.5% as IAG dipped 0.1% on a slight beat on results,...

Wall Street recorded a positive session with the S&P500 and the Nasdaq closing at new record highs as inflation came in broadly as expected with CPI rising 0.2% on a monthly basis in July.  S&P 500 up 1.1%, Nasdaq up 1.4%. Dow rose at the open following the inflation news, and remained steady at that level for the rest of the session. Closed near high, up 484 points. Broad sector performan...

The ASX 200 hit a new record high, up 36 points to 8881(0.4%) as the RBA cut rates as expected. Banks pushed higher with the Big Bank Basket at $284.55 (+0.6%), CBA on pause ahead of results tomorrow. ANZ the standout up 2.2% with other financials firm. ASX up 0.9% and insurers fighting back, QBE up 2.1% and SUN bouncing 2.9%. REITs were mixed but generally up, CHC up 0.8% and SGP up 0.2%. Industr...

Wall Street recorded a negative session as markets await tonight’s inflation release to gauge the path of rates and the inflationary effects of tariffs. S&P 500 down 0.25%, Nasdaq down 0.30%. Dow dropped at the open, almost fully recovered by noon, but then continued to fall. Closed near low, down 201 points. Mixed sector performance. Energy, REITs and Industrials all down despite oil rising a...

The ASX 200 marched another 38 points higher to 8845 (0.4%) led by the banks and resources. CBA up % leading the charge and the Big Bank Basket to $282.97 (+1.2%). WBC up 1.9% with MQG down 0.3% and insurers still suffering from post QBE fall out. Financials a little lacklustre, PNI down 2.8% and XYZ giving back Friday’s gains. ZIP down 2.7%. AMP smacked 7.2% lower on broker downgrades. REITs firm...

An excellent night on Wall St to cap off a positive week. Nasdaq up 0.98% to a record high. S&P 500 up 0.78%, driven by gains in the Technology sector. 0.5% off its record high. Dow Jones lagged, only up 207 points. Closing near the high. No major news during the session. Tech stocks were boosted by ‘ Fed rate cut enthusiasm ’ and Apple rising another 4.2%. Up 13.3% for the week, its largest g...

ASX 200 fell 24 points to 8807 (0.3%) to be up 1.7% for the week. Not too shabby. As usual it was the perennial war between banks and resources. Banks down with CBA slipping %, results next week and the Big Bank Basket down to $279.64 (-0.8%). Insurers walloped, QBE down 8.8% on poor results. SUN off 3.2% and IAG sliding 2.7%. Other financials falling hard too GQG down 14.6% on FUM levels falling...

Wall Street recorded a mixed session. Earnings by Eli Lilly disappointed and Trump said he’ll nominate Council of Economic Advisors Chairman Stephen Miran to serve out the remaining term of Federal Reserve Governor Adriana Kugler, while searching for a longer term replacement. S&P 500 down 0.08%, Nasdaq up 0.35%. Dow dropped at the open, and maintained that level throughout the day. Closed nea...

ASX 200 fell slightly off record highs to 8831 off 12 (0.2%).  A mixed session with banks slipping a little, CBA down 0.5% and the Big Bank Basket at $281.90 (). Financials dragged lower, MQG down 0.8% and ASX falling hard, off 8.6%, on cost blow outs on CHESS and other issues, AMP rose 4.8% after a broker call rethink on results. REITs firm, SCG up 0.8% and SGP up 0.9% with industrials mixed, BXB...