Market Updates

ASX 200 fights back to be down only 26 points to 8048 (-0.3%). Plenty of R&R today. Results and resources. Banks were firm as usual. The playbook remains the same even as CEOs appear in Canberra. CBA up 0.2% and NAB striding ahead with a 0.6% gain. The Big Bank Basket up to $237.86 (+0.4%). Other financials also slightly firmer, with MQG up 0.7% and ASX up 1.1%. REITs mixed, GMG down 0.5% and...

The Nasdaq Composite fell 1.12% to close at 17,556.03, while the S&P 500 slipped 0.6% to end at 5,592.18. The Dow Jones Industrial Average lost 159.08 points, or 0.39%, settling at 41,091.42. Nvidia reported after the bell. ASX to fall. SPI Futures down 22 points (-0.27%) Gold falls on firmer dollar as US data takes spotlight. Iron ore retreats from 3-week high as investors await signs of dema...

The ASX200 has finished the day flat as the market recovered 62 points from a midday dip. The monthly inflation number initially spooked our market with a reading of 3.5% vs 3.4% expected. Down from 3.8% in June. It was a mixed session, with 5 of the major sectors finishing in the green while 5 finished in the red (healthcare flat). Why not sign up for a free trial ? Get access to expert market in...

The S&P 500 rose slightly on Tuesday as investors looked ahead to a major earnings report later this week. The broad market index gained 0.16% to close at 5,625.80, while the Nasdaq Composite crept 0.16% higher to end at 17,754.82. The Dow Jones Industrial Average rose 9.98 points, or 0.02%, to end at 41,250.50, its second record close in a row. ASX to fall. SPI Futures down 29 points (-0.36%)...

ASX 200 fell 13 points to 8071 (+0.2%) as some results fatigue set in. Banks slipped from lofty heights, with CBA off 1.0% and NAB falling 1.0%, with the Big Bank Basket down to $234.90 (0.8%). Insurers dipped, financials were also in the doldrums, with MQG off 0.5% and ASX down 1.7%. REITS mixed but drifted to the downside, GMG bounced 1.2% from a loss yesterday, and GPT fell 0.6%. Industrials we...

US equities were mostly lower in Monday trading, though ended a bit off worst levels. S&P 500 and Nasdaq both lower after weekly gains of over 1% last week with help from a Friday rally. Breadth positive as equal-strength S&P posted just off Friday's record close. However, cap-weighted index weighed down by big tech as NVDA and TSLA gave back some of their big Friday gains. Other rela...

ASX 200 rose 61 points to 8076 (+0.8%) as uranium and US leads helped sentiment. Banks once again taking the market higher, CBA up 1.5% and NAB up 2.2% with the Big Bank Basket up to $236.90 (1.6%). MQG rose 1.0% with a mixed picture in insurers. NHF fell 17.7% on disappointing results. REITs were better though GMG fell 0.5% as tech stocks came under some pressure. GPT up 1.9% and SCG up 1.8%. Ind...

Global markets rallied overnight on comments from Fed Chair Powell that the “ time has come ” to start cutting rates . This had been expected by markets for over a month now but did represent the first official shift in policy from the Fed since rates started rising in March 2022 . New information , regarding timing and quantity of rate cuts remains an uncertainty (data dependent). Powell said &qu...

ASX 200 limped into the Jerome show losing 3 points to 8024. Kamala Harris in ‘da house’ too. Up 0.8% for the week. Resources gave back some of the week’s gains, BHP down 0.7%, FMG off 2.0%, with lithium and rare earths under pressure again although modest by recent moves. Gold miners slipped as bullion fell, NST down 0.3%, and EVN off 0.7%. Oil and gas eased yet again, WDS down 0.5% and STO off 0...

The S&P 500 pulled back on Thursday as investors readied for a speech by Federal Reserve Chair Jerome Powell at the central bank’s annual Jackson Hole conference. S&P slipped 0.89% to close at 5,570.64. The Dow Jones ended down 177.71 points, or 0.43%, at 40,712.78. The Nasdaq  shed 1.67% to close at 17,619.35 as technology stocks were sold off. ASX SPI Futures Down 43 Points Gold slips as...

ASX 200 rose another 17 points to 8027 (+0.2%) as Super Thursday produced a head-spinning deluge. Again, some good, some bad, and some very ugly. MP1 for one down 21.0%. Once again, we saw resources outperform banks slightly. The 'Three Amigos' were firm, FMG the best, up 2.0% and lithium stocks a smidge firmer, PLS up 2.0% and LYC up another 1.3%. Gold miners were mixed, NST up 1.7% on...

The Nasdaq Composite climbed 0.57% to 17,918.99, also clinching its ninth positive day of 10. The Dow Jones Industrial Average ticked up by 55.52 points, or 0.14%, to finish at 40,890.49 for its sixth winning day of the last seven.  The Russell 2000 outperformed, with the small cap-focused index climbing more than 1%. FOMC minutes suggested a rate cut was growing more likely for September. The rev...

ASX 200 fought back from early losses to close up 13 points at 8011 . Positive results and outlooks driving buyers. Pretty good considering CBA was ex-dividend today 250c. The Big Bank Basket lost 1.5% to $233.10. MQG unchanged, and insurers and other financials weaker. QBE down 1.6%. REITs mixed, GMG down 3.6% and GPT up 1.5%. Tech stocks boosted by a cracking WTC result, up 18.4%, and the All -...

The Dow Jones Industrial Average slid 61.56 points, or 0.15%, to 40,834.97. The S&P 500 slid 0.2% to 5,597.12, while the Nasdaq Composite shed 0.33% to 17,816.94. Tuesday’s declines snapped eight-day winning streaks for the S&P 500 and Nasdaq, the first positive periods of that length for each since late 2023. If the S&P 500 had finished Tuesday up, it would have marked its longest win...

ASX 200 limped along with a 17-point rally to 7997 (+0.2%). Results in focus again. Some good, some bad and some ugly. Banks were mixed with a capital update from ANZ, up 0.6% and CBA better by 0.3%. The Big Bank Basket is steady around $236.73. Insurers mixed, SUN up 3.1% and NWL better on results. REITs slipped, GMG down another 1.4%, as DXS fell 8.9% on write downs. The sector followed lower. I...

The Dow Jones Industrial Average added 236.77 points, or 0.58%, to finish at 40,896.53. The S&P 500 rose 0.97% to close at 5,608.25, while the Nasdaq Composite jumped 1.39% and ended at 17,876.77. The S&P 500 and Nasdaq notched their eighth straight winning day, a first for both indexes in 2024. Last week saw the biggest gains for the three indices for the year! The percentage of S&P50...

ASX 200 managed a small 9-point rise to 7976 (0.1%) as results dominated. WBC off to a promising start, up 2.5% its 3Q update beating estimates, the Big Bank Basket rose yet again to $236.30 (1%). Other financials mixed, MQG lost 0.1% as it launched a $1bn hybrid issue. SUN up 1.3% on results. REITs mixed, GMG down 1.3% with GPT firing 1.7% higher. Industrials wafting around. Staples were ok, reta...

Wall Street closed out the week higher in an uneventful day of trade. The S&P 500 and NASDAQ rose for their seventh consecutive session advancing 0.20% and 0.21% as most megacaps gained, with Nivida leading the charge, up 1.4%. The Dow Jones finished 97 points higher (0.24%). Up 163 at best. Down 109 points at worst. Small firms Russell 2000 rose 0.30%, and the VIX fell another 2.82%. All thre...

ASX 200 roars 106 points ahead to 7971 (1,.3%) up 2.5% for the week, to finish 30 points above where we were two Fridays ago. Results and reactions the focal point with US strength helping all sectors. NAB with 3Q trading update helped the sector, CBA up 2.,4% and the Big Bank Basket up to $233.86 (2.0%). Insurers also in demand with QBE and SUN up 1%. ASX unchanged on its results, MQG rose 0.6%....

Stocks rallied on Thursday as investors regained confidence in the economy following encouraging consumer and labor data that helped ease recession worries. The Dow Jones Industrial Average leaped 554 points, or 1.39%, to end the day at 40,563.06. The S&P 500 closed up 1.61% at 5,543.22, for its sixth straight gain. The broad market index has advanced roughly 8% from its intraday bottom on Aug...

ASX 200 gave up its gains to be up only 15 points to 7866 (0.2%) after being skewered by jobs data and iron ore prices in Singapore. Economic data showed the jobs market was still tight despite the headline number rising to 4.2%. Iron ore slid again in Singapore on Chinese steel news, BHP fell 1.0% and RIO was off 3.6%, including its dividend. FMG down another 2.9% with MIN falling 3.0%. Lithium s...

The NASDAQ and S&P 500 finished 0.03% and 0.38% higher, extending their winning streak to five sessions. US Inflation data reassured the markets the Fed would start cutting rates next month. The Dow advanced 243 points (+0.61%). Up 303 points at best. Down 28 points at worst. Small firms Russell 2000 eased 0.52%, and the VIX dropped 12.53% as sentiment improved. Treasury yields were mixed. 10Y...

ASX 200 rose another 24 points to 7851 (+0.3%) as iron stocks fell hard on Asian price falls. BHP, RIO and FMG dragging the index back from 7910 high. BHP down 2.8% and FMG crashing 4.6%. Iron ore futures in Singapore sank a further 2.3% to $US96.25 a tonne. Other resource sectors pulled lower. Lithium tried hard to rally, but PLS was unchanged and MIN off 4.6%. Gold miners mixed, RED off 1.4% and...

Wall Street closed higher overnight , hitting a two-week high after soft PPI data reinforced bets of rate cuts in September. The S&P 500 climbed 1.68%, clocking its biggest four-day rally this year, led by tech stocks. Starbucks was the top-performing stock in the index, rallying 24.5% after appointing Chipotle head Brian Niccol as chairman and CEO. The Dow Jones ended near session highs, fini...

ASX 200 rose 13 points to 7827 (+0.2%) in quiet cautious trade ahead of US PPI tonight. Results are once again the focal point. Solid numbers from TPW and good guidance helping the retail sector again, with JBH up 4.0% on broker upgrades, PMV rose 1.2% and HVN pushing 1.9% ahead. Banks, as always were the beating heart of the market, with CBA up 1.5% ahead of results tomorrow. WBC and ANZ better o...