Market Updates

ASX to rise. SPI Futures up 17 points (+0.22%). The S&P 500 hits its 35th record high this year, up 0.10%. The NASDAQ notched its fifth consecutive record high close, up 0.28%, buoyed by chip stocks. Blue chip Dow Jones edged lower, down 31 points (-0.08%). Up 279 points at best. Down 97 points at worst. Nvidia gained 1.9% after UBS raised its target, Intel rallied over 6%, and AMD gained 4%,...

The ASX200 has started the week on a negative note . Finishing down 59 points (-0.76%) to 7763 as the Materials and Energy sell-off continued into the close. The big miners were the biggest drag on the index as iron ore dropped 1.2%. High Chinese inventories to blame. BHP , RIO and FMG all down between 2.1% and 2.6%. Most other mining commodity stocks also fell, last week’s bounce very short-lived...

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The ASX 200 has finished the day down 10 points (-0.12%) to 7822 , holding onto most of yesterday’s gains. Healthcare was the best performing sector as CSL , COH and RMD all saw modest gains between 0.3% and 1%. Macquarie said CSL will benefit from a US$105m currency tailwind in FY26. PME managed a late bounce of 1.1% a day after its 5.1% fall. Telecoms were next best after a 0.8% rise in TLS . Te...

The ASX 200 has finished the day up 92 points (1.2%) to 7832 as resources kicked back to life. After weeks of selling pressure iron ore giants , copper , lithium and gold saw risk-off buying. Iron ore shot to a one-month high taking BHP and RIO up 2.6%. FMG up 3.2%. Lithium stocks bounced of lows. PLS up 2.1%. LRS and LTR left behind. Positive news from the space as BYD opened the first south-east...

US equities closed broadly higher in a shortened trading session ahead of the US holiday. Weak economic data reinforced bets that the Fed will start cutting rates this year sending bond yields lower and stocks higher. The S&P 500 and NASDAQ posted record-high closes for a second consecutive session, up 0.51% and 0.88%, respectively. The Dow Jones ended little changed, off 0.06%, pressured by s...

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Another good night on Wall Street. The S&P 500 and NASDAQ both closed at record highs. S&P 500 closed above 5,500, up 0.62%, marking its 32nd record this year. The NASDAQ rose 0.84%, supported by gains in Tesla +10.2% after reporting a smaller-than-expected 5% drop in vehicle deliveries in Q2. Blue-chip Dow rose 162 points (+0.41%) in thin volume trading ahead of the July Fourth Holiday. U...

The ASX 200 has finished down 33 points (-0.42%) to 7718, RBA meeting minutes passing quietly through the market while revealing a possible August rate hike. Energy was the only sector with significant gains as oil and coal stocks tracked their respective commodities higher. WDS up 3.1%, gaining strength throughout the session. KAR missing out, sold off from a positive open. Down 0.3%. WHC backed...

Wall Street kicked off the second half of the year on a positive note, with equities mostly higher in light pre-holiday trading. The Dow gained 51 points (+0.13%). Up 320 points at best. Down 81 points at worst. Big Tech drove the bulk of the gains in the S&P 500 +0.27% and the NASDAQ +0.83%, with megacaps Tesla and Apple leading the way up 6.1% and 2.9%, respectively. Chip stocks came under s...

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Wall St finished the week lower on Friday night as the presidential debate prompted new political uncertainty , outweighing easing inflation data . The S&P 500 fell 0.41% after touching a fresh intraday record high of 5.5k. The Dow Jones eased 45 points. The NASDAQ lost 0.71%, while the Russell 2000 found buyers, up 0.46%. For the quarter the NASDAQ gained 8.3%, the S&P 500 gained 3.9% whi...

The ASX200 has finished the day and financial year up 8 points (+0.1%) to 7768. Losing a 60-point gain from midday as tax loss selling crept in. US presidential debate not impacting our market. Technology was the best performing sector for the third day in a row. Following a small NASDAQ lead compared to a flat overnight performance from the S&P 500. Futures also helping. The biggest stock did...

ASX to rise. SPI Futures up 26 points (+0.34%). Wall Street edged higher overnight following a choppy trading session amid mixed economic data ahead of tomorrow's PCE reading . The Dow Jones and S&P 500 ended flat, both up 0.09%, while the NASDAQ managed to eke out a small gain of 0.30%. Big night on the economic front, data showed US manufactured goods unexpectedly fell in may, while cor...

The ASX 200 has finished the day down 23 points (-0.3%) to 7760, staging an impressive 106-point turnaround . The recent CPI induced spike in bond yields triggered an excuse for a morning sell-off . Tech was the best performing sector, supported by a solid lead from the NASDAQ. WTC rallied 4.1% from a morning low (94.41) to finish up 2.5%. RMD up 4.1% helped Healthcare (best in the top 100). The s...

US equities closed broadly higher overnight following a choppy day of trade. The Dow edged up 16 points (+0.04%). Up 72 points at best. Down 203 points at worst. The S&P 500 rose 0.16% and is on pace to enter the second half of the year with a gain of ~15% YTD. The tech-heavy NASDAQ advanced 0.49%, locking in the gain before big tech got hit too hard in late trade after Micron Technology’s out...

ASX 200 tumbled 56 points to 7783 (-0.7%), giving back some of yesterday’s gains following hotter-than-expected inflation data. Inflation rose 4.0% YonY in May , faster than April's 3.6% and above consensus of 3.8%. Aussie dollar jumped 0.6% to 66.86c, hitting a two-week high, and the 10Y yield and 2Y yields jumped 10bp and 18bp. Most sectors are in the red. Tech stocks outperformed their pee...

Another floppy start.. US equities ended mixed overnight . The NASDAQ rallied 1.26%, buoyed by gains in chip stocks and Nvidia , up 6.8% bouncing back from a three-session sell-off. The S&P 500 rose 0.39%, snapping a three-day losing streak, while the Dow tumbled 299 points (-0.76%). Up 12 points at best. Down 414 points at worst. US Treasury yields finished near flat line. During trade, the y...

The ASX200 has finished the day up 105 points (1.36%), bouncing back strongly from yesterday’s sell-off. The Energy sector went from worst to best following the overnight oil price rise and bargain hunters circling in. WDS up 3.7%, its best session of the year and KAR up 2.3%. Real Estate was next as bond yields fell. GMG up 0.9% and SGP up 3%. Commodities finally took a break from selling. The bi...

Wall Street ended mixed overnight, losing traction after Nvidia fell 6.7% extending a three-day rout raising speculation that the AI rally powering the bull market is taking a breather. The Dow kicked off the week rallying to a one-month high, though off best levels, up 261 points (+0.67%). Up 421 points at best. The S&P 500 and the NASDAQ fell 0.31% and 1.09% following a rotation out of tech...

The ASX 200 has closed down 62 points (-0.8%) to 7734. The morning sell-off in Energy , Health Care, Consumer Discretionary and Commodities accelerated towards the close. Taking all but one of the major eleven sectors into the red with them. Energy finished worst off, oil , coal and uranium stocks down. WDS -2%, WHC -3.3% and BOE down 5.3%. PDN remains in trading halt. RMD finished close to its lo...

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The ASX200 has finished the day up 27 points (0.34%) and up 72 points for the week. Utilities and Energy were the best two performing sectors on the back of last night’s oil price rise. WDS up 1% and KAR up 3.6% on a broker upgrade. Utility stocks ORG and MCY saw big gains on a double hit of rising oil price and news of European sanctions on Russian natural gas. Up 3.3% and 4.1%. Telecom up again,...

Wall Street ended mostly mixed overnight . The Dow Jones outperformed, advancing 300 points (+0.77%). Up 398 points at best. Down 56 points at worst. The S&P 500 briefly topped 5,500 points for the first time ever. A year-end target multiple brokers have forecasted before losing traction, falling 0.25%. The NASDAQ fell 0.79%, snapping a seven-session streak of record closing highs weighed down...

The ASX 200 has finished flat to 7769, slightly better than futures were suggesting. A quiet session that lacked direction, following a similarly quiet night in Europe while US markets were closed. Tech and Health Care the only sectors with significant moves. Health Care worst off after a 4.8% drop in COH (no new news). CSL and RMD fell in sympathy 0.8%. Tech stocks were sold off despite NASDAQ fu...