Market Updates

ASX 200 grinds 37 points higher ahead to 8347 (0.5%) of Trump’s inauguration. US markets closed tonight for Martin Luther King Day. Banks solid again with CBA up 0.8% and the Big Bank Basket up to $255.00 (0.7%). Financials were better, MQG up 1.9% and GQG better too. REITS higher, GMG up 0.6% and SCG up 1.4% with industrials also doing ok. WOW , COL and WES all solid, retail rallied, JBH up 3.0%...

The Dow Jones Industrial Average added 334.70 points, or 0.78%, to end at 43,487.83. The S&P 500 gained 1% to 5,996.66, and the Nasdaq Composite advanced 1.51% to 19,630.20. Big tech stocks were higher on the day, with shares of Tesla popping 3%.  Nvidia jumped 3.1%, while Alphabet shares added more than 1%. For the week, the Dow and S&P 500 advanced 3.7% and 2.9%, respectively. ASX SPI up...

 ASX 200 dropped 17 points to 8310 ( -0.2%) finishing the week up 16 points for the week. Sums is up. Banks sold off after the huge run yesterday, CBA down % and NAB down % with the Big Bank Basket at $253.29 (-1.3%). Other financials flat, MQG down 0.1% and ZIP falling 1.0%. Insurers flat. REITs eased back, GMG solid but SCG off 0.8%.  Industrials were firm but idle, WES up 0.5% and COL up 0.8% o...

The S&P 500 slipped Thursday, ending a three-day winning streak, as big tech shares pulled back. The broad market index slid 0.21% to 5,937.34. The tech-heavy Nasdaq Composite dropped 0.89% to 19,338.29. The Dow Jones Industrial Average fell 68.42 points, or 0.16%, to 43,153.13. Apple shares were down 4%, posting their worst day since Aug. 5. Tesla tumbled more than 3%. Nvidia slid nearly 2%,...

 ASX 200 jumped 114 points to 8324 (+1.4%) following the US rally. Jobs numbers stifled gains to some extent coming in at 4% with any RBA cut in February a distant dream. Banks as usual led the charge higher as US banks delivered in spades, CBA up 3.0% and ANZ up 2.7% with the Big Bank Basket up to $256.84 (+2.9%). MQG put in a solid day up 3.2% with insurers and other financials also doing well....

The Dow Jones Industrial Average advanced 703.27 points, or 1.65%, to close at 43,221.55. The S&P 500 climbed 1.83% to 5,949.91, and the Nasdaq Composite rallied 2.45% to 19,511.23. It was the best day for all three major averages since Nov. 6. December’s consumer price index showed that core inflation, which excludes food and energy, rose 3.2%. The 10-year Treasury yield sharply dropped on th...

ASX 200 fell 18 points to 8213 (0.2%) in quiet trade after a positive start gave way to some caution ahead of the US CPI tonight. Banks flat as yields firmed to 4.63% in 10-years. Financials mixed with MPL down 1.6% on news of potential premium increases. NWL continued to fall. REITs firm with GMG under some pressure as a ‘tech’ stock off 0.6%. Tech stocks remain on the nose here with WTC down 3.7...

The Dow Jones Industrial Average rose on Tuesday as traders weighed a lighter-than-expected producer price index report. The Dow gained 221.16 points, or 0.52%, to close at 42,518.28. The S&P 500 advanced 0.11% to 5,842.91, while the tech-heavy Nasdaq Composite slipped 0.23% to end at 19,044.39. Big Tech stocks slipped on Tuesday, weighing on the S&P 500 and Nasdaq. Nvidia dropped 1.1%, an...

ASX 200 rallied 39 points to 8231 (0.5%) with a better US market giving us the lead. Banks though were once again weaker as resources continued to find buyers. All change for 25! BHP rose 1.4% on stronger iron ore prices, FMG rallied 2.9% with gold miners also better despite falling bullion prices, a broker report helping sentiment. NST up 1.9% and EVN up 1.3% with lithium stocks finding friends,...

The Dow Jones Industrial Average climbed Monday, outperforming the market, while the Nasdaq Composite slipped as traders continued to sell off major tech stocks that have powered the bull market. The Dow rose 358.67 points, or 0.86%, to close at 42,297.12 as investors rotated into non-tech shares such as Caterpillar, JPMorgan and UnitedHealth. Investors are hoping the start of the fourth-quarter e...

The ASX 200 fell 102 points to 8192 (1.2%) as a rethink on banks, and US leads, saw across the board selling. A downgrade to banks clobbered the sector with higher yields probably not helping. The Big Bank Basket dropped to $250.75 with WBC off 2.2% and the insurers seeing sellers despite higher yields. QBE down 2.0% and SUN off 2.2%. Other financials also under pressure, MQG down 2.4% and GQG off...

ASX set to drop . SPI futures down 71 points or 0.86%. Stocks in the US broadly fell on Friday night after non-farm payrolls data implied the labour market is in better shape than expected. A classic case of good news is bad news, it reinforced fears from Tuesday night that there will only be one Fed rate cut this year, down from two indicated by the Fed last month. Dow Jones down 697 points , clo...

The S&P 500 gained 0.73% to 5,974.07. The tech-heavy Nasdaq Composite rose 0.98% to 19,764.89, as Tesla and Meta Platforms added more than 2% and Nvidia climbed more than 3%. The Dow Jones Industrial Average erased earlier losses and ended the day 66.69 points higher, or 0.16%, to 42,906.95. Weak economic data seemed to sour the sentiment a bit earlier in the session. The Conference Board’s co...

The ASX 200 roared back from oversold levels last week and rose 135 points to 8202 (1.7%) as Santa came to town. The slow burn turned into a book squaring short covering rally led by the banks. CBA rose 2.9% with ANZ up 2.4% and the Big Bank Basket up to $(). MQG had a good day along with insurers and other financials. QBE up 1.1% and ASX rising 2.0% on relief that it fixed CHESS. REITs were firm,...

US markets bounced on Friday night after PCE inflation numbers came in slightly less than expected. Settling some nervousness after last weeks Fed meeting thrust progress on inflation back into the spotlight. The PCE index increased from 2.3% to 2.4% in November, vs 2.5% expectations. Consumer spending also rose 0.4%, signalling economic resilience. It is the largest contributor to US GDP at 2.5%...

The ASX 200 fell hard again today, down another 101 points to 8067 (1.2%) as the banks came under pressure. For the week the ASX 200 is down 2.8% with the US Triple witching and Core inflation numbers due tonight. Traders taking profits on the sector after a great year. The Big Bank Basket dropped to $246.54 (-2.9%). CBA the big drag on the index down 3.7%. MQG dropped 2.3% with other financials a...

The Dow Jones Industrial Average was higher Thursday, rebounding from its 10th straight loss. The 30-stock Dow added 24 points, or 0.07%. The S&P 500 was little changed, as was the Nasdaq Composite. The 10-year Treasury yield rose to 4.566% on Thursday after climbing more than 13 basis points to cross 4.50%. Gross domestic product accelerated at a 3.1% seasonally adjusted annualized pace durin...

The ASX 200 tumbled 141 points to 8168 as the Fed grew hawkish and warned on rate cuts next year. Everything was hit hard. The banks fell with CBA down 2.3%, ANZ dropped 2.6% as the AGM saw another shareholder strike against Shayne Elliott. The Big Bank Basket fell to $253.85 (-2.3%). MQG down only 1.3% with some insurers up on the day, QBE up 2.1% with MPL rallying 0.5%. REITs were sold down on h...

The Dow Jones Industrial Average fell hard with the index posting its 10th straight losing day as a disappointing rate outlook by the Federal Reserve rocked the stock market. The Dow lost 1,123.03 points, or 2.58%, to 42,326.87, for its worst losing streak since an 11-day slide in 1974. The Wednesday decline was its worst since August and only the second time it lost 1,000 points this year in one...

The ASX 200 fell 5 points to 8309 as early gains melted away. Fed decision tonight. Banks were under pressure for a change with CBA down 0.9% and ANZ off 0.2% as the Big Bank Basket fell to $259.93 (0.6%). Insurers slid too with SUN off 1.7% and IAG falling 2.2%. REITs were generally firmer, GMG up again, Healthcare had a good day with CSL leading the charge higher on hopes of vaccines being unaff...

The Dow Jones Industrial Average fell for its first nine-day losing streak since the 1978. The 30-stock average shed 347 points, or 0.7%. The S&P 500 lost 0.5% , while the Nasdaq Composite ticked down 0.5%. ASX SPI down 14. Waiting for Fed - NAB AGM today. Commodities LME Copper prices fell to a two-week low, down 0.81%. Aluminium dropped 1% touching a one-month low over surplus concerns. Iron...

 The ASX 200 kicked higher today by 65 points to 8314 (+0.8%) as the usual suspects rallied hard. The Big Bank Basket was up to $261.38 (+1.4%). CBA stood out, rising 1.6% MQG gained 1.0% with insurers doing well too. Financials generally attracting buyers, SQ2 up 1.6% and HMC up 3.0% in tandem with DGT bouncing back hard. REITs also back in demand ahead of the Fed this week, GMG up 1.7% and SCG r...

The Nasdaq Composite rose to a record, aided by a rally in tech, as investors awaited the Federal Reserve’s policy meeting. The tech-heavy index gained 1.24% to 20,173.89, while the S&P 500 added 0.38%, closing at 6,074.08. The Dow Jones Industrial Average underperformed, losing 110.58 points, or 0.25%, to end at 43,717.48. The 30-stock Dow fell for an eighth day, marking its longest run of lo...

ASX 200 slid 47 points to 8250 (0.6%) as banks remained solid and resources sunk. Iron ore stocks fell hard as Chinese retail data showed no real sign of a stimulus helping. BHP down 2.0% and FMG off 3.8%. Lithium stocks remain depressed, PLS off 3.1% and MIN falling 2.0%. Gold miners too under pressure as bullion comes off the boil. NEM down 3.6% with NST off 2.1% and VAU dropping 8.0%. Oil and g...

Wall St ended near flat on Friday night, giving up early gains in a quiet session. The Dow dropped 86 points (-0.20%). Its seventh loss in a row was the longest stretch since 2020. Doesn’t reflect much about the US market, there’s only 30 stocks in the equal weighted index. The S&P 500 closed flat , while the NASDAQ outperformed gaining 0.12% (+0.8% at best). Supported by gains in chip stocks...