Market Updates

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The S&P 500 rose on Friday and clinched a third straight winning week amid a red-hot November rally. The broader index added 0.13% to settle at 4,514.02. The Dow Jones Industrial Average ended the day higher by 0.01%, or 1.81 points, closing at 34,947.28. The Nasdaq Composite crept up by 0.08% to end the session at 14,125.48. The major averages each notched their third straight positive week....

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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.

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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ASX 200 rose strongly holding above 700 closing up 58 points at 7007 (+0.8%). Resources are back in fashion as FMG led the iron ore miners higher up 2.7%, with BHP and RIO also doing well. Lithium had a rare day in the green, PLS up 0.9% and MIN up 3.1%. Gold miners slightly higher, Base metals are also better, with IGO up 1.8% and SFR rallying 2.5%. Oil and gas stocks rose as crude prices bounced...

Wall Street finished mixed overnight in a quiet day of trade as markets wait for crucial inflation data tomorrow. The Dow Jones gained 55 points (+0.16%). Up 123 at best. Down 77 at worst.  The S&P 500 fluctuated near its key 4,400 mark before edging lower 0.08%, while the NASDAQ fell 0.22% on cautious trading with CPI results tomorrow, as well as PPI and retail sales data later in the week. T...

 The ASX 200 falls 28 points to 6949 (0.4%) in a quiet start to a big week. ANZ results dominated with a small sell-off after missing some targets and dividend franking levels. The Big Bank Basket dropped to $175.71(0.2%) with ANZ down 3.0%. The other three held firm, MQG slid 2.6% as it went ex-dividend. Other financials slipped, GQG off 0.4% and PAC down 6.3% on a takeover update. Industrials dr...

The Dow lifted near 400 points, the S&P 500 retook the 4400-point mark and the Nasdaq 100 is poised to have risen 10% from its late October low. The catalyst: a surge in demand for tech stocks, both megacaps and others. Helping market sentiment was a steadier US Treasury market. After yields tumbled on Wednesday and surged on Thursday, they were little changed on Friday.  All 10 S&P 500 se...

ASX 200 finishes the week down 38 points to 6977 (-0.6%). Quiet trade ahead of the weekend. Broad-based losses across most sectors, except iron ore and gold. Banks eased back with yields pushing higher, CBA down 0.8%, and NAB suffering from some downgrades falling 1.7%. The Big Bank Basket slipped to $176.11 (-1.1%). MQG eased 0.4%, and SUN down 1.6%. REITs mixed GMG, holding up with a 0.1% gain....

Wall Street finished in negative territory overnight, snapping an eight-day winning streak after Treasury yields jumped as Fed Chair Powell stated that it is too early for the central bank to definitively announce the conclusion of its rate hike cycle, despite not presenting a case for further rate increase. The Dow finished 220 points lower, near worst levels (-0.65%). Dow up 55 points at best. D...

ASX 200 up another 20 points to 7015 (+0.3%), off highs but holding up. Banks continue to find buyers with NAB volatile post results, WBC Ex-Dividend with the Big Bank Basket up to $178.05 (+0.6%). MQG kicked 1.5% higher, with insurers doing well too, SUN up 0.7% with SOL up 1.5%. REITs mixed, SCP and VCX down. Industrials holding up relatively well, Tech in a hole made by XRO with WTC down 2.7% f...

 The S&P 500 rose for an eighth consecutive day on Wednesday, extending its longest win streak in two years. The broad market index added 0.1% to finish at 4,382.78 and match an eight-day string of gains it notched in November 2021. The Nasdaq Composite inched up 0.08% to end at 13,650.41. The Dow Jones Industrial Average lost 40.33 points, or 0.12%, to close at 34,112.27 and snap its best win...

ASX 200 pushes 18 points higher to 6995 (+0.3%). A tale of two cities with banks and industrials doing well and resources falling by the wayside. No sooner had a couple of brokers raised their forecast for iron ore than the miners staggered and slumped. Iron ore price easing and Chinese data not helping from yesterday. BHP down 1.9%, RIO off 2.0% and FMG falling 1.1%. Base metal stocks were under...

 Wall Street rose overnight, buoyed by gains in mega-cap tech stocks and a fall in US treasury yields. Dow Jones rose 57 points (+0.17%). Up 111 points at best. Down 69 points at worst. The S&P 500 and NASDAQ notched their longest winning streak in two years, up 0.28% and 0.90%, respectively. The tech sector did most of the heavy lifting, led by gains in Amazon +2.1%, Apple 1.4%, Meta +1.0%, T...

ASX 200 fell 20 points to 6977 (0.3%) after the RBA raised rates as expected by 25bps. Slight rally after the RBA decision and Melbourne Cup. Banks were soft, WBC down 2.7% and ANZ off 1.1% with the Big Bank Basket at $175.44 (-0.9%). MQG down 1.5% under pressure on downgrades across the board, insurers eased, QBE down 0.9% and SUN off 2.1%. REITs mixed, GMG unchanged and GPT up 0.5% with SCG off...

US stocks eked out narrow gains Monday to build on last week’s strong rally, with the Nasdaq Composite notching its longest positive streak since January. The Nasdaq jumped 0.3% to finish at 13,518.78, while the S&P 500 edged up 0.18% to end at 4,365.98. The Dow Jones Industrial Average inched up 34.54 points, or 0.1%, to settle at 34,095.86. Why not sign up for a free trial ? Get access to ex...

ASX 200 rose 19 points to 6998 (0.3%) in cautious trade ahead of the RBA tomorrow. Banks were firm and WBC results helping with the stock up 2.0% on a $1.5bn buyback and a $7.2bn profit. The Big Bank Basket up another 0.8% to $177.42. MQG giving back some of its gains from Friday down 1.0% and MFG slipped 0.4% following its latest FUM numbers. Insurers easing back as 10-year yields fall to 4.70% a...

US equities gained Friday as bond yields sharply off the back of US jobs data, which showed signs of slowing growth and an uptick in unemployment, boosting hopes that the Fed is done with its interest rate hike campaign. The Dow Jones traded higher all day, finishing up 222 points (+0.66%). Up 325 points at best. S&P 500 posted its fifth straight gain, up 0.94%, and the NASDAQ logged its sixth...

ASX 200 closes up 79 points to 6878 (1.1%). Strength straight out of the blocks on US moves to the upside. Banks as always leading the charge with CBA up 1.5% and WBC doing well too, up 1.6%. The Big Bank Basket up to $176.09 (+1.5%). MQG results this morning, an initial sell-off but closing better by 1.8%. Not convincing but some shorts happy to cover. Insurers eased led by QBE off 0.8% as 10-yea...

US equities rose sharply higher overnight, a day after the Fed hinted it may be done with interest rate hikes and a batch of upbeat quarterly earnings updates added to the bullish sentiment. The Dow ended near best levels, up 565 points (1.70%). Dow traded higher all day, with a high of +578 points and a low of +175 points. The S&P 500 posted its fourth consecutive gain and its biggest one-day...

 ASX 200 pulled back from intra-day highs to close up 61 points at 6900 (0.9%). Banks led the market higher with CBA up 1.6%, NAB up 1.5% and the Big Bank Basket up to $173.54 (+1.7%). Fund managers also better but MQG set to report tomorrow were flat. REITs soared on falling yields, GMG up 2.22% and GPT up 3.0% as 10-year yields fell to 4.80%. Healthcare also finding support from oversold levels,...

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