Market Updates

Wall Street rallied overnight after Google and AMD triggered a mega cap rally on renewed optimism surrounding artificial intelligence. The Dow gained 63 points (+0.18%). Up 110 at best. Down 32 at worst. The S&P 500 halted a three-day decline, up 0.80%, and the NASDAQ gained 1.37% to mark its highest close of 2023. US Treasuries were subdued, 10Y yield finished little changed after an initial...

ASX 200 fell 5 points to 7173 (-0.1%) in a day of consolidation. Plenty of corporate news around, from Chemist Warehouse's reverse takeover to MFG FUM and MGF deal. Plus, we saw a bid for PPT up 6.7%. Banks eased back slightly, with NAB down 0.4% and MQG down 1.4%, with the Big Bank Basket steady at $181.97. Insurers fell heavily as yields slipped to 4.28% in the 10s. QBE down 2.8%, and SUN d...

Wall Street finished lower near worst levels, pulled back by mega-caps and energy stocks after signs of a cooling job market reinforced bets the Fed could start cutting rates early next year. The Dow Jones fell 70 points (-0.19%). Dow up 168 points at best. Dow down 100 points at worst. S&P 500 lost steam amid a slide in energy producers, down 0.39%, with 7 of the 11 sector indices lower led b...

ASX 200 romped ahead by 117 points to 7178 (+1.7%). All is forgiven after the losses of yesterday, even lithium staged a significant comeback. This despite falls in international lithium stocks. AKE up 3.0%, PLS up 5.6% with some large blocks traded, MIN rose 4.2% with iron ore miners not even stirred by news from RIO on Simandou, RIO up 0.7% and BHP rising 1.5%. Base metals better, Gina will be h...

US equities ended mixed while treasury resumed their rally following fresh economic data reinforced bets the Fed will cut rates in Q1 of next year. The Dow Jones fell 80 points (-0.22%). Dow down 194 points at worst. S&P 500 ended marginally in the red, down 0.06%, and the NASDAQ gained 0.31%. Treasuries fell after job openings data hit its lowest since March 2021. 10Y yields down 8.2bps breac...

ASX 200 fell 63 points to close at 7062 (0.9%) on weaker international leads and falling commodity prices. RBA left rates unchanged again, but limited ASX reaction.  Resources hit hard with iron ore miners under pressure, BHP down 1.3% and FMG off 0.9%, Lithium stocks remain depressed with IGO falling 6.7%, PLS down 8.5% and MIN copping a 4.3% fall. Gold miners retreated from the heady times of ye...

The Dow Jones Industrial Average shed 41.06 points, or 0.11%, to close at 36,204.44. The S&P 500 dropped 0.54% to 4,569.78. The Nasdaq Composite declined 0.84% to 14,185.49 as investors sold Big Tech shares, which have led the market’s gains this year. November was the best month for the 30-stock Dow since October 2022. The S&P 500 and Nasdaq Composite both enjoyed their biggest monthly ga...

ASX 200 rose 52 points to 7125 (0.7%) in a very solid day although off highs. Gains in most sectors with the Banks up again CBA up 0.9% and NAB up 0.8% with the Big Bank Basket at $179.61(0.7%). MQG rose 0.7% with other financials doing well, ASX up 0.6% and SUN up 0.4% on ACCC hopes. QBE dropped 3.2% with other insurers easing back. REITs higher again, GMG up 1.4% and SCG up 1.5% with healthcare...

All three major US indices advanced overnight, with the Dow finishing near best levels up 295 points (+0.82%), up 314 points at best. S&P 500 achieved its highest close for the year, up 0.59%, and the NASDAQ rose 0.55% starting December on a positive note following Powell’s latest comments bolstering the view that policy rates have peaked. Powell, despite expressing the Fed's readiness to...

ASX 200 fought from early big falls to close down only 14 points to 7073 (-0.2%). Banks flat, the Big Bank Basket at $178.32 (-0.3%). MQG slid 0.8%, with other financials pulling back slightly. Insurers held in, with SUN up 0.2% and MPL up 2.0%. REITs mixed, GMG up 1.3% and VCX down 2.1%. Healthcare flat, Industrials saw some losses in staples, WOW off 1.0% and COL down 1.0%, with WES off 0.9%. Te...

The Dow hit a new high for the year, up 520 points (+1.47%), driven by a 9.2% jump in Salesforce shares and a moderation in PCE inflation. The S&P 500 gained 0.38%, while the NASDAQ fell 0.23%. October saw a slowdown in PCE inflation measures and a moderation in personal spending, reinforcing expectations that the Fed has finished its tightening cycle, potentially leading to rate cuts in sprin...

ASX 200 finished up 52 points at 7087 (+0.5%) after a late afternoon surge. ASX 200 up 4.6% for November. A turnaround in the iron ore miners helped on news that nickel from Indonesia would not get a IRA break. BHP up 0.2%, RIO up 0.4% and FMG up 0.9%. Lithium turns around too, with PLS reversing early losses to close up 2.3%, with gold miners steady despite seeing some profit taking in places. Oi...

The ASX200 rose 20 points to 7035 this afternoon as an inflation optimism rally faded. Technology was the stand-out, gaining all day on hopes the RBA will halt rate rises next year. WTC , XRO and NXT up 2%, 2.9% and 1.4%. Discretionary spending, REITs and Gold sectors also rallied in a similar vein. WES , JBH , HVN up 1%, 2.3% and 4.2%. NEM and EVN flew 5.4% each. Healthcare enjoyed strong demand...

Vale Charlie Munger  The Dow Jones Industrial Average added 83.51 points, or 0.24%, to close at 35,416.98. The S&P 500 inched higher by 0.10% to 4,554.89, and the tech-heavy Nasdaq Composite. SPI up 15. Base metals mixed. Zinc +0.65%, Aluminium +0.34%, Lead +-0.35%, and Tin +1.33%. Nickel prices jumped +5.87% after an industrial report raised the prospect of a change in the way top supplier In...

ASX 200 clawed back some losses closing up 28 points to 7015 (0.4%). Early euphoria gave way to apathy again. Banks were a strong sector with the Big Bank Basket up to $177.31 (0.8%). NAB leading the charge up 1.2% and MQG managing to eke out a 0.1% rise. QBE and insurers flat, REITs did well as yields fell again, GMG up 1.3% and SCG running hard up 2.0%. Industrials too doing ok, WOW up 0.9%, TCL...

The Dow Jones Industrial Average lost 56.68 points, or 0.16%, to 35,333.47. The S&P 500 shed 0.20% to 4,550.43. The Nasdaq Composite edged lower 0.07% to 14,241.02. Wall Street is coming off its fourth straight positive week, as stocks have rallied since the 10-year Treasury yield retreated from the 5% mark it briefly topped in late October. ASX to edge higher. SPI Futures up 8 points (+0.11%)...

ASX 200 frittered away early gains to close down 53 points at 6987 (0.8%) in a mixture of apathy and low volumes. Iron ore weakness in Asia the turnaround, as China authorities move to more supervision on stockpiling and hoarding.  BHP , RIO and FMG all took on water down around 1.5%, lithium stocks depressed again, PLS down 2.5%, IGO off 3.3% and MIN off 2.6%. Gold miners were one of the few sect...

Wall Street finished little changed overnight in a holiday-shortened trading day following the Thanksgiving break, with low volume and conviction as markets watch the beginning of seasonal shopping for signs of consumer resiliency. The Dow finished near session highs, up 117 points (+0.33%). Up 126 points at best. The S&P 500 finished flat, and the NASDAQ fell 0.11%. All three indexes notched...

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Why not sign up for a free trial ? Get access to expert insights and research and become a better investor. Make life simple. Invest with Marcus Today.

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