Market Updates

Wall Street closed mostly higher overnight on continued tech enthusiasm and the upcoming “magnificent seven” mega-cap results. S&P 500 up 0.29% , NASDAQ up 0.43% . The Dow Jones fell 96 points (0.25%) after 3M dropped 11% on results. The biggest news was a 7% jump in the after-hours Netflix share price after the company reported 13.1m new subscribers in Q4. Well ahead of expectations for ~9m....

ASX 200 rises another 38 points to 7515 (0.5%) as banks and iron ore miners lead the market higher. The Big Bank Basket continuing higher, $197.85(0.75%). MQG doing well on market rally, up 1.6%. Insurers firm as QBE rises 0.6% and IAG up 1.5%. REITS steady not going too far. Industrials firm, staples doing ok, WOW up 0.8% and COL up 0.6%, ‘old skool’ stocks up too, CAR up 1.1% and REA up 1.7%. Te...

US Stocks closed higher on Monday, marking another record-breaking session. The Dow added 0.36%, finishing above the 38,000 level for the first time ever. The S&P 500 added 0.22%, also recording a fresh all-time high. The Nasdaq Composite also ended the session higher with a 0.32% advance.  ASX SPI Futures down 1 point. Oil climbs 3% as conflicts, weather tighten supply. Gold slides on trimmed...

ASX 200 has started the week in a very positive fashion, up 55 points to 7477 (0.8%) on the US market rally and stronger US futures. Banks leading the charge with CBA up 1.3% and NAB up 1.1% with the Big Bank Basket up %. REITs too in demand despite yields remaining around 4.25% in the 10-years. GMG leading with a 1.3% gain. Industrials also doing well, TLS up 0.8% and BXB rallying 1.8%. Consumer...

Last Friday, the S&P 500 achieved a record-high close, up 1.13% to 4840, propelled by chipmakers and tech stocks amid optimism surrounding AI. This milestone confirmed the S&P 500's bull market status since Oct-22, signalling the end of a bear market. The NASDAQ rose 1.7%, and the Dow advanced 395 points (+1.05%), up 465 points at best. Notably, Nvidia and AMD rose 4.2% and over 7.1%,...

ASX 200 bounces 75 points to 7421 (1.0%) in a solid yet unexciting day. Third weekly decline still and down 77 points on the week. Banks led the charge up with CBA hitting record highs up 0.7%. The Big Bank Basket up to $193.89 (+1.0%). MQG rallied 1.5% with insurers up as QBE rallied 0.5% and SUN up 0.9%. REITS found friends, GMG up 1.7% and SGP up 1.2%. Healthcare had a good bounce CSL up 2.2% a...

US stocks closed higher on Thursday, propelled higher by AI-related optimism that bolstered chip stocks, notably Nvidia and Taiwan Semiconductor Manufacturing (TSMC). The Dow Jones rose by 202 points, or 0.54%, closing at 37,469 points. The S&P 500 gained 0.88%, while the NASDAQ advanced 1.35% to 15,055.81. TSMC's US-listed shares jumped by 9.79% after the semiconductor manufacturer proje...

ASX 200 fell for the fifth day down around 47 points to 7347 (0.6%). Losses across the board with local jobs data showing a slow down with the headline steady at 3.9%. Seasonal factors may be a issue. Banks held steady on jobs number. The Big Bank Basket pretty much unchanged. Insurers better on higher yields, MQG down 0.7%. REITs falling fast, GMG down 1.6%, SCG off 2.4% and SGP down 3.9%. Indust...

The Dow Jones Industrial Average declined 94.45 points, or 0.25%, to close at 37,266.67. This marked the third straight day of losses for the 30-stock index. The S&P 500 slid 0.56% to close at 4,739.21, and the Nasdaq Composite lost 0.59%, ending the session at 14,855.62. Treasuries under pressure with curve bear flattening; 2Y back near 4.35%. December retail sales came in stronger than expec...

ASX 200 falls another 22 points today to 7393 (0.3%) to a four-week low as banks start to slip. Late rally helping slightly. The Big Bank Basket dropped to $191.54 (0.4%). CBA leading the fall down 0.6% with WBC off 0.7%. MQG lost 0.6% though insurers better on higher yields. 10-year yields back to 4.20%. REITs slid too, GMG off 0.1% and SCG down 1.0%. Healthcare a little higher CSL up 0.4% and RM...

The Dow Jones Industrial Average fell Tuesday as bond yields ticked higher and Wall Street pored through the latest batch of fourth-quarter earnings. Boeing took a hit on a broker downgrade falling nearly 8%. The Dow declined 231.86 points, or 0.62%, to close at 37,361.12. The S&P 500 slipped 0.37% to end at 4,765.98, and the Nasdaq Composite dropped 0.19% to 14,944.35. ASX SPI Futures up 5. A...

ASX 200 dropped 82 points to 7415 (1.1%) in a perfect storm as major stocks all saw sellers appear. No lead-in from the US, but futures are pointing to a weaker start all the same. The ‘Three Amigos’ saw selling as Iron ore prices fell again in Asia, BHP off 1.4% and FMG copping a 2.2% loss. RIO reported production numbers and reaffirmed guidance falling 1.3%. Lithium stocks mixed, PLS up 1.1% and...

US markets closed last night. The pan-European STOXX 600 ended 0.5% lower, as government bond yields across the region perked up after ECB’s chief economist pushed back against rising expectations for rate cuts. ASX 200 SPI Futures down 21 points. Copper closed up 0.56% at $8,381 after falling as far as $8,308. Zinc jumped 1.57% after Nyrstar said it will suspend zinc smelting operations at its Du...

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Wall Street closed mixed overnight, with the Dow Jones closing 118 points lower (-0.31%), while the S&P 500 and NASDAQ remained mostly unchanged. Markets grappled with the impact of corporate quarterly results and softer-than-expected PPI data. BofA (-1.1%) and Wells Fargo (-3.3%) fell as their results fell short of estimates, while JPMorgan , despite posting upbeat results, lost 0.7%. UnitedH...

ASX 200 limped into the weekend down 8 points to 7498 to finish the week relatively unchanged . Quiet with low volumes again. US PPI and Chinese CPI in focus. Banks 'sagged' with the Big Bank Basket down to $193.63(-0.1%). NAB down 0.2% and ANZ falling 0.6%. MQG slid 0.2%, with insurers a little better, SUN up 0.8%. REITS mixed with GMG down 0.3% and SGP up 1.1%. In the industries, super...

Stocks ended Thursday near the flat line after a fresh round of inflation data reflected an uptick in consumer prices for December. The Nasdaq Composite closed at the flat line, settling at 14,970.19. The Dow Jones Industrial Average eked out a gain of 15.29 points, or 0.04%, to close at 37,711.02. The S&P 500 edged lower by 0.07% to end at 4,780.24. Earlier in the session, the broad market in...

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Stocks closed higher Wednesday, with investors awaiting the release of fresh U.S. inflation data and earnings. The S&P 500 gained 0.57% to end at 4,783.45, while the Dow Jones industrial Average added 170.57 points, or 0.45%, to close at 37,695.73. The Nasdaq Composite advanced 0.75% to settle at 14,969.65. ASX SPI Futures up 13 points. Copper up 0.33% on arbitrage buying and a softer dollar....

ASX 200 finished flat at 7502. Xmas apathy took over despite a rally on Wall Street. Inflation numbers tonight but not expecting much. Banks were flat with the Big Bank Basket down to $189.53(-0.1%). The $190 level has been resistance in the past. Financials also slipped. MQG down 0.5% with insurers drifting slightly lower, QBE off 0.4%. REITs powered ahead with GMG up 0.7% and SCG rising 0.3%. 10...

Stocks rose on Thursday, with the S&P 500 recovering from its worst day since September as the year-end rally resumed. The Dow Jones Industrial Average gained 322.35 points, or 0.87%, to 37,404.35. Meanwhile, the Nasdaq Composite advanced 1.26% to 14,963.87. The S&P 500 added 1.03% to 4,746.75. That places the broad market index about 1% from its closing high and 1.5% from its intraday rec...

ASX 200 falls only 34 points to 7504 (0.5%). We performed better than SPI suggested as US futures rallied a little. Volume and news was a little light on as we approach the Xmas break. Banks eased back slightly with the Big Bank Basket down to $189.72(-0.3%). ANZ slightly higher after AGM comments, MQG slid 0.9% and other financials eased, GQG down 5.0%. REITs eased too as bond yields fell to 4.01...

The Dow Jones Industrial Average slid 475.92 points, or 1.27%, to 37,082.00. The Nasdaq Composite was lower by 1.50% to 14,777.94. Both indexes ended a nine-day advance, and they had their worst session since October. The S&P 500 declined 1.47% to 4,698.35, marking its worst day since September. ASX SPI Futures down 73 Points. All sectors in the S&P 500 finished in the red, with consumer d...

ASX 200 up another 49 points to 7538 (0.7%). Another day another push towards 7600. Across the board gains with banks in demand again, ANZ up 0.7% and WBC up 1.0%. The Big Bank Basket trading at $190.21(0.5%). MQG kicked 0.9% higher with GQG doing very well up 1.5%. Insurers slightly better, REITS in demand, SCG up 1.0% and SGP up 1.6%.  Industrials better again, WES up 1.0%, WOW up 0.8% and TLS u...

Wall Street finished higher overnight near best levels, extending its rally while shrugging off warnings from Fed officials trying to rein in rate cut expectations. The Dow nabbed another all-time closing high, up 252 points (+0.68%). Dow up 257 at best. The S&P 500 rose 0.59% and is now within one percentage point of its all-time closing high. The NASDAQ 100 hit another all-time high, and the...