Market Updates

Wall Street recorded a positive session as Apple jumped 5.1% after pledging to invest $100Bn in domestic manufacturing while positive earning beats boosted risk-on sentiment. S&P 500 up 0.73%, Nasdaq up 1.21%. Dow dropped at the open, but recovered within the first hour and remained steady, falling a little just before the close. Closed mid-range, up 81 points. Mixed sector performance. Cyclic...

The ASX 200 stormed higher to finish up 73 points or 0.8% . New record high. Up 2% in the last two sessions as every major sector save for Utilities finished in the green. Resources and Energy led thanks to a broad-based rally across all major commodities. Iron ore , copper , gold , uranium , oil stocks all running hot. Gold best despite bullion falling 0.4%. Stronger USD to blame. Lithium mixed a...

Wall Street recorded a negative session as the impact of tariffs came back into focus with US Services PMI flatlining, with businesses citing new import taxes, and corporate earnings and forecasts of Caterpillar and Yum Brands underwhelming due to tariffs. S&P 500 down 0.49%. Nasdaq down 0.65%. Dow dropped at the open, troughing in the first hour of trading, and then found strength throughout...

Cracking day with the ASX 200 up 107 points to 8770 (1.2%) as banks, tech and resources fired simultaneously. US markets were the catalyst, but local enthusiasm was the fuel. The banks roared ahead with CBA up 1.4% and the Big Bank Basket up to $280.63 (+1.0%). Financials generally firm, QBE up 2.4% and MPL rising 1.6% with XYZ up 3.0%. REITs too firm, GMG up 1.5% and SCG rising 0.8%, rate cut hop...

Wall Street jumped, recording its best day since May 27, as investors bought into the opportunities from Friday’s sell-off following weak US jobs numbers and Trump’s firing of the Bureau of Labor Statistics Commissioner for producing “rigged” numbers. Shows investor appetite for risk is still there, just looking for reasons or opportunities. S&P 500 up 1.47%. Nasdaq up 1.95%. Dow jumped at the...

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...

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...

The ASX 200 fell hard down 81 points to 8663 (-0.9%) to close the week, pretty much where it started. Banks which had been holding their end up, succumbed to gravity with CBA down 1.6% and NAB falling 1.2% as the Big Bank Basket dropped to $277.82 (-1.3%). MQG fell hard down 1.7% with insurers also under pressure, QBE down 1.3% and SUN off 1.5%. REITs eased back, GMG down 1.5% and SCG off 0.5% wit...

Wall Street fell from early highs as earnings enthusiasm from Microsoft and Meta waned and Trump’s August 1st tariff deadline loomed. S&P 500 down 0.37%, Nasdaq flat. Dow fell steadily throughout the day like the other indices, closing near low. Down 330 points. Most sectors down. Utilities best performer again while Tech was slightly positive. Divergence here – Meta (+11.3%) and Microsoft (+3...

The ASX 200 fought back from early losses to close down only 14 points to 8743 (0.2%). Banks back with CBA up 0.5% and NAB rising 1.1% with the Big Bank Basket up to $281.36 (+0.5%). Financials firmed, HUB up 1.6% and QBE firing 0.5% ahead. REITS better, GMG rising 0.6% in better data centre hopes, Industrials firmed again, BXB up 0.6% and retail doing well, JBH pushing another 1.3% ahead, ALL bou...

Wall Street recorded a primarily negative session despite US GDP of 3% in Q2 as Fed Chair Jerome Powell cooled hopes of a rate cut in September, after holding them steady in July. Powell argued rates have not held back the economy and inflation remains elevated and a threat as tariffs work their way through the economy. S&P 500 down 0.12%, Nasdaq up 0.15%. Dow was flat and steady for most of t...

The ASX 200 rose 52 points to near record highs of 8756 (0.6%) after a benign CPI ensured we should get a rate cut in August. Familiar story, Banks firm with CBA up 1.6% and the Big Bank Basket up to $279.88 (+1.4%). MQG rose0.8 % with financials firm, as insurers rose surprisingly as yields slipped. QBE up 0.8% and SUN up 0.8%. GQG still feeling unloved. REIT boosted by lower rates with SGP up 2....

Wall Street recorded a negative session as disappointing earnings weighed on markets and investors awaited the Fed’s rate decision (tomorrow morning Australian time). Meta, Microsoft, Amazon and Apple all report later in the week and their results will largely dictate market direction. S&P 500 down 0.3%, Nasdaq down 0.38%. Dow fell steadily until noon, where it plateaued, despite a brief spike...

The ASX 200 fought back from early losses to close up 7 points at 8705 (0.1%). Healthcare and industrials firmed, CSL up 0.5% and ALL up 0.5% with the banks slightly weaker. CBA down 0.4% and NAB up 1.2%. The Big Bank Basket down to $276.00 (-0.1%). Financials slid with GQG off 3.3% and ASX down 0.6%. ZIP fell 1.3% and REITS drifted lower. VCX off 1.6% and GMG mixed 0.4%.  Resources once again wea...

Wall Street recorded another modestly positive session as the S&P 500 and Nasdaq closed at fresh highs, boosted by US-EU trade deal, and excitement over some major corporate earnings this week including Meta, Microsoft, Amazon and Apple. S&P 500 up 0.02%, Nasdaq up 0.33%. Dow dropped at open, recovered partially, then fell steadily from noon until the final half hour of trading when it reg...

The ASX 200 closed up 31 points to 8698 (0.4%) as banks were back in the driving seat. CBA up 1.2% with the Big Bank Basket up to $276.18 (+0.9%). MQG rallied 1.0% as financials generally found some love. XYZ up 2.8% and MFG doing well, up 4.6%. RPL up 4.1% too. REITs doing well, GMG up 0.5% and SCG rising 0.8%. Industrials also firm, SGH up 2.2% with retail better, WES up 0.6 % and WOW up 0.8%. T...

Wall St managed a broad rally on Friday night as optimism over a US/EU trade deal boosted the S&P 500 (+0.4%) to a fresh record high. That deal has now been done - described as the "Least worst" deal for the EU. Devil in the detail.  112 S&P 500 companies reported results last week - average earnings growth was better-than-expected at 6.4% compared to 4.9% expected. Google was up...

The ASX dropped another 43 points to 8667 (0.5%) in a quiet trading day. Down 1% for the week. Not much fresh news around. Both banks and resources slipped. Iron ore miners under a little pressure after gains this week, BHP down 1,9% with RIO off 0.8% and FMG back down 3.4%. Gold miners fell too as quarterlies dropped. Diggers and Dealers kicks off 4th August. NST fell another 2.8% and EVN down 3....

Wall Street recorded a modestly positive session as the S&P 500 and Nasdaq closed at fresh highs, boosted by positive Alphabet results which fuelled continued AI optimism. S&P 500 up 0.07%, Nasdaq up 0.18%. Dow dropped at open, recovered partially, and subsequently slowly fell throughout the day. Finished near low, down 316 points. Mixed sector performance. Energy the best performer, follo...

The ASX 200 drifted 28 points lower to 8709 (-0.3%) as Michele Bullock’s lunch time speech partly dashed rate cut hopes for August. Banks flat with CBA unchanged and the Big Bank Basket at $274.86 (+0.2%). MQG had a nasty day as its AGM saw selling down 5.1% as the CFO retired and earnings softened. Other financials also under a little pressure, CGF down 2.9% and QBE off 1.2%. ZIP had a good day u...

Wall Street recorded a positive session as the EU and the US appeared to edge closer to a trade deal – believed to be similar to the deal penned with Japan. 15% broad tariff which could extend to cars. S&P 500 up 0.78%, Nasdaq up 0.61%. Dow steadily rose throughout the day. Closed near high, up 508 points. Strong and broad sector strength. REITS flat, otherwise all positive. Healthcare once ag...

The ASX 200 closes up 60points at a record high of 8737 (0.7%). Resources firm but not charging, iron ore coming off the boil slightly, BHP up 0.8% with FMG up 2.3%. Gold miners were better, NEM up 1.9% and EVN rising a more modest 0.9%. S32 rallied 3.0% with ILU also doing well on production numbers, up 4.1%. Lithium stocks slipped with PLS down 2.4% and LTR off 3.6%. Oil and gas mixed, WDS up 1....

Wall Street mixed overnight as markets digested earnings reports, anticipates further reports, and watched for signs of progress in trade talks. S&P 500 up 0.06%, Nasdaq down 0.39%. Dow was choppy in the early session but found strength from about noon to consistently rise. Closed near high, up 179 points. Broad sector strength, only Tech was down, Texas Instruments cautious earnings forecasts...

The ASX 200 finished up 9 points to 8677 as the initial rally fizzled out. More the sellers turned up in spades for the banking sector again. CBA crushed 3.1% with the Big Bank Basket down to $272.11 (-2.6%), under serious pressure again as the money flowed to resources. BHP up 2.6% and RIO charging ahead up 3.4%. Gold miners also back in demand, NST up 1.3% and NEM rising 2.8%. Lithium stocks on...

Wall Street recorded a positive session , although it couldn’t maintain its early highs, with the S&P 500 and Nasdaq closing at new highs, ahead of Big Tech earnings kicking off this Wednesday with Alphabet and Tesla reporting. S&P 500 up 0.14%, Nasdaq rose 0.38%. Dow rose at open, peaked and plateaued from midday to 2pm, and fell for the rest of the session, closing near the low. Down 19...