Market Updates

ASX 200 finished slightly higher by 7 points to 7666 (0.1%) in a quiet day. Results once again dominated as US market closed tonight for Presidents' Day. Resources were the steadying influence today on hopes of Chinese stimulus and better economic news post the LNY. BHP up 0.9%, RIO up 1.6% and FMG flat. Selected lithium stocks showed promise; PLS dropped 2.4% after a volatile session, LTR up...

US equities fell overnight, with the NASDAQ leading the losses, as a hotter-than-expected producer prices report tempered expectations for immediate interest rate cuts by the Fed. The S&P 500 fell by 0.48% but managed to close above 5,000 for the fourth time this year, the Dow Jones slid by 145 points, and the NASDAQ lost 0.82%. Following five consecutive weeks of gains, all three indexes ende...

ASX 200 finished up 53 points to 7658 (0.7%) off early highs but still a very solid day. Up 10 points for the week. Most cylinders firing today, Banks firm as usual with the Big Bank Basket up to $202.34 (). CBA bounced 1.9% the best of the four. MQG rose 0.3% after big run yesterday, insurers slipped as big premium increases may have peaked. QBE and IAG reported falling 1.7% and 3.8% respectively...

US stocks closed higher on Thursday as retail sales data disappointed, fuelling expectations of potential interest rate cuts by the Fed in the coming months. The S&P 500 rose by 0.58%, the NASDAQ by 0.30%, and the Dow Jones climbed by 350.07 points or 0.91%. US Treasury yields edged lower, with the 10Y Treasury note down 2.4bps 4.242%, marking its second consecutive decline after a rally earli...

ASX 200 made up yesterday’s losses closing up 58 points to 7601 (+0.8%). First ‘Super Thursday’ of results. BHP lost 1.7% on a huge write-down on nickel assets (more like liabilities) and Samarco issues. RIO dropped 0.7% with FMG 1.4% to the good. S32 results were greeted by a thud, down 4.6% and lithium stocks mixed. Oil and gas were down heavily as crude fell, WDS was off 3.0% (impairments annou...

The 500-stock index advanced 0.6%, while the Nasdaq Composite climbed 0.9%. The Dow Jones Industrial Average added 82 points, or 0.2%.  Six of the seven Magnificent Seven tech stocks were higher, though Apple slumped for a third day. And bitcoin briefly rose through $US52,000. ASX 200 to rise. SPI Futures up 52 points (+0.69%).  Base metals mixed, Copper -0.46%, Nickel +0.46%, Aluminium +0.70%, Le...

ASX 200 fell 56 points bouncing off 7500 to close at 7538 (-0.7%). Results and broker talk dominated again with a negative lead from Wall Street colouring the landscape. Banks under pressure following CBA results showing NIM remains under pressure CBA fell 1.7% well off lows. The Big Bank Basket down 1.6% with CBA in profit-taking mode post results, WBC off 1.8% and MQG falling 0.2% but could have...

The Dow Jones Industrial Average lost 524.63 points, or 1.35%, to close at 38,272.75 in its worst session since March 2023 on a percentage basis. At its lows, the 30-stock index sunk 757.52 points, or 1.95%. The S&P 500 slid 1.37% to close at 4,953.17, while the Nasdaq Composite fell 1.8% to settle at 15,655.60. ASX to fall. SPI Futures down 90 points (-1.19%).  Base metals mixed, Copper flat,...

ASX 200 slipped 11 points to close at 7606 (-0.2%) as results dominated. CSL and MQG were a little disappointing but off lows, JHX dropped 8.5% on a slightly bearish update for Q3, and SEK also suffered a sell-off as results missed expectations down 4.6%. Banks once again the rock steady beat with the Big Bank Basket up to $201.69 (+0.4%) as ANZ announced some job cuts. NAB doing fine up 0.9% and...

Stocks in the US remained relatively steady, with all three major indices holding near record highs ahead of the upcoming US CPI release. The NASDAQ briefly surpassed its previous closing high from Nov-21 before slipping 0.30%, while the Dow saw modest gains, up 126 points (+0.33%), and the S&P 500 closed marginally lower but stayed above the 5,000-point mark (-0.09%). Nvidia (+0.2%) briefly s...

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...