Market Updates

ASX 200 falls 30 points to 7615 (0.4%) as a CSL drug trial fails. A Phase III trial for CSL saw the stock down 4.8% with RMD off 1.4%. Industrials solid with good results from JBH lifting the retail sector, JBH up 7.1% APE up 2.2% and LOV up 4.8%. WES and supermarkets fail to fire, Tech slightly firmer, XRO up 1.5% and WTC rallying 0.5% with the All - Tech Index up 1.1%.  Banks solid on ANZ Basel...

The S&P 500 achieved a historic milestone, closing above 5,000 for the first time, while the Nasdaq briefly reached above 16,000. Gains were driven by mega-caps and chip stocks. Notably, Nvidia , up 3.6%. The Dow Jones slipped by 55 points, the S&P 500 gained 0.57%, and the NASDAQ Composite rose 1.25% coming within 0.4% of its previous record high set in Nov-21. This marked the fifth conse...

ASX 200 managed to eke out a 6-point rise to 7645 (+0.1%) in relatively stable trade. Results kicked off this week and plenty of stock volatility to keep us amused. Mixed session with banks flat, Big Bank Basket back above $200 (+0.1%). MQG down 0.2% and GQG seeing some end-of-week profit-taking. REITs are back in demand led by SGP up 1.1% and SCG up 0.6%. Industrials better, WES up 0.5%, REA up 5...

The S&P 500 closed flat on Thursday after briefly topping the 5,000 mark for the first time on record to finish at 4,997.91 after reaching a high of 5,000.40 heading into the close. The Dow Jones rose 48.97 points, or 0.13%, to end at 38,726.33, while the Nasdaq  gained 0.24% to close at 15,793.71. ASX SPI Futures down 4 Base metals mixed, Copper -1.28%, Nickel +1.16%, Aluminium +0.23%, and Le...

The ASX200 has finished the day up 23 points in a narrow day of trade. Utilities was the best-performing sector thanks to AGL’s big 10% rise . The company reported a quadrupling in first-half earnings and expects full-year revenue to come in at the top end of guidance. Why not sign up for a free trial ? Get access to expert insights and research and become a better investor. Make life simple. Inve...

S&P 500 hits record high with earnings, rate outlook in spotlight. The Nasdaq Composite jumped 0.95% to settle at 15,756.64, while the Dow Jones Industrial Average rallied 156 points, or 0.4%, to close at 38,677.36 and an all-time high. Disney beats estimates up 7% after hours. ASX SPI Futures up a mere 3 points. Oil climbs on US fuel stocks draw, geopolitical tensions. Gold flat as traders aw...

ASX 200 slips from highs to end up 34 points at 7616 (+0.5%). Banks pretty much unchanged with CBA up 0.2% and NAB losing 0.2% on a change of CEO. MQG rallied 0.7% with insurers doing well again, QBE up 1.8% and GQG having a good day up 7.4%. FUM numbers helped. REITS recovered GMG up 0.3% and SGP rallying 1.1%. Industrials mixed, CSL up 1.0% and RMD down 0.4% with TLS and WES hit hard today. WES...

Stocks rose on Tuesday as Wall Street assessed the latest batch of corporate earnings and the timeline for rate cuts from the Federal Reserve. The S&P 500 rose 0.23% to settle at 4,954.23, while the Nasdaq Composite inched up 0.07% to close at 15,609.00. The Dow Jones Industrial Average jumped 141.24 points, or 0.37%, to end at 38,521.36. ASX SPI Futures up 55 points. Base metals higher suppor...

  The ASX 200 falls another 44 points to 7582 (-0.6%). Off the lows and relatively unchanged post the RBA decision to keep rates unchanged and a surprising bias to the upside on rates. Growth forecasts were downgraded slightly. Once again banks were steady despite flashing overbought levels, CBA down 1.0%. The Big Bank Basket $198.15 (-0.5%), MQG dropped 1.0%, with GQG pushing ahead up 2.9% on Ind...

The Dow Jones Industrial Average dropped 274.30 points, or 0.71%, to settle at 38,380.12. The S&P 500 slipped 0.32% to close at 4,942.81. The index hit a record high last week as Big Tech stocks moved higher. The Nasdaq Composite edged down 0.2% to end at 15,597.68. ASX to fall. SPI Futures down 33 points (-0.43%). Base metals lower across the board. Nickel -1.69%, Aluminium -1.47%, Lead -1.36...

The ASX 200 closed down 74 points at 7626 (1.0%) as commodity stocks suffered. Most major sectors are in the red with big miners and REITs the worst performers. BHP , FMG and RIO all down around 2.5% as Iron Ore continues its slide. GMG rising 0.7%, rallying from a down open and other REITs dropping as bond yields rise following the US weekend jobs number. Financials are seeing profit taking from...

The S&P 500 notched a fresh record high on Friday as quarterly results from technology companies including Facebook-parent Meta topped expectations and the January jobs report came in much better than expected. The broad market index added 1.1% to close at 4,958.61, above its previous record close of 4,927.93 reached on Monday. The Dow Jones Industrial Average added 134.58 points, or 0.4%, to...

The ASX 200 powered back up another 111 points to an all-time high of 7699 (+1.5%) as US tech took off. Green across the screen, banks found buyers again with the Big Bank Basket up to $199.37 (+1.4%). CBA jumped 1.5%, with MQG up 1.7%, but the real stars were the REITs GMG up a massive 6.2% on a Citi research report into the sector. SCG rose 2.7%, and DXS up 0.8%. Industrials rocketed higher, TLS...

Stocks in the US closed higher on Thursday, as the S&P 500 rose 1.25%, the Nasdaq advanced 1.3% and the Dow Jones added 369. Meta soars after hours on first dividend payment and Buy Back. Amazon and Apple results too. ASX to rise. SPI Futures up 30 points (+0.40%). Base metals are broadly lower. Nickel +0.52%, Aluminium -1.08%, Zinc -2.0%, Lead -0.21%, and Tin -1.56%. Uranium up to $107lb on K...

ASX 200 gives back 93 points, back down to 7586 (+1.2%) on US FOMC news and profit-taking after an end-of-month rally sent stocks to all-time highs. Banks that have led the market higher taking a hit, with the Big Bank Basket down to $196.69 (-2.4%). CBA dropped 2.9%, and NAB down 2.2%, the most targeted. Other financials also suffering, MQG dropping 1.2% with GQG off 1.3%. Insurers were flat, wit...

US stocks fell on Wednesday as traders digest the latest FOMC monetary policy decision and comments from Chair Powell. The Fed kept interest rates steady as expected and Chair Powell said it will be appropriate to start cutting rates at some point this year although he doesn't think a March cut is likely. Traders pared bets for a rate cut in March after such comments. The S&P 500 fell 1.6...

ASX regrouped after an early swoon jumping 81 points to 7681 (+1.1%). The CPI number turned things around coming in below forecast and pointing to zero chance now of a rate rise. Rate cuts could be sooner rather than later. Looked like some month end window dressing helping things along too. Banks continue to lead the market ever higher, CBA up to another record up 1.3%, WBC up 1.5%, and ANZ up 1....

US equities finished mixed overnight. The NASDAQ fell 0.76% ahead of Microsoft and Google's quarterly results after the closing bell. The S&P 500 closed nearly unchanged, down 0.06%, near the previous day's all-time closing high, while the Dow finished near session highs, up 134 points (+0.35%). US 10Y Treasury yields remained near two-week lows as the market considered unexpected jo...

ASX closed up 22 points to 7600 (0.3%) after shooting higher in morning trade. It hit near record highs before a sell-off. Banks eased back very slightly with WBC down 0.5% and Big Bank Basket down to $ (%). Insurers eased back with QBE down 2.2% and SUN off 2.0%. Other financials eased back too, MQG the exception up 0.2%.  REITs better led by GMG up 1.0% and SCG up 2.1%. Tech better WTC up 1.3% a...

The Dow Jones Industrial Average added 224.02 points, or 0.59% to close at 38,333.45, while the Nasdaq Composite gained 1.12% and settled at 15,628.04. ASX SPI Futures up 38 points. It was the sixth record close for the S&P 500 and the Dow.  Base metal broadly lower as the USD firmed. Nickel -1.02%, Aluminium -0.48%, Zinc -0.54%, Lead +0.58% and Tin -0.86%. Gold firmed 0.64% as rising tensions...

ASX 200 finished up 23 points to 7578 (0.3%). A positive start to the week with some big events to come. Once again, we saw a divergence in the markets with financials continuing to defy analysts and power up, The Big Bank Basket up to $198.84 (0.9%). MQG rose 0.6% with insurers under a little pressure today. REITS back in demand despite no real change in bond yields, Industrials relatively firm,...

Stocks in the US closed mixed on Friday, as investors weighed the latest corporate results and economic data. The S&P 500 edged lower, snapping 6-day winning streak and the Nasdaq 100 lost 0.5%, while Dow Jones finished higher by 60 points. ASX 200 SPI Futures up 14 Copper slips on doubts over China's stimulus measures. Iron ore posts best week since November on China optimism. Gold holds...

ASX 200 closes up 36 points in another strong day at 7556 (+0.5%) on Chinese stimulus hopes. The index is up 2.8% since last Friday. Resources were passed the baton today, with quarterlies dominating too, FMG leading the iron ore stocks higher up 2.0%, production numbers beating expectation, Iron ore picking back up in Asia, helping BHP up 1.5% and RIO up 2.8%. MIN powered ahead on its quarterly o...

Wall Street finished mixed overnight. The S&P 500 marked its fourth consecutive record-high close, driven by strong quarterly results from Netflix +10.7% and positive reports from chipmaker ASML +8.85%. NASDAQ Composite rose 0.36%, now ~4% below its 2021 all-time high, while the NASDAQ 100 advanced 0.3%, hitting record highs. The Dow Jones fell 99 points (-0.26%). Up 159 points at best. Down 1...

 The ASX 200 has finished near flat , remaining close to unchanged since midday. Individual stocks had a different story with plenty of volatility around during confessions and results season. NAN was the worst performer in the All Ords, falling 33.4% as revenue dropped and costs rose. KGN was one of the standout performers, rising 14.9% on a profit upgrade thanks to improved margins and selling i...