Market Updates

Wall Street closed higher on Monday as investors awaited inflation data likely to hint at the path of the Federal Reserve’s future interest rate hikes, while Meta Platforms gained after a report that the Facebook parent was planning fresh layoffs. The Dow Jones Industrial Average rose 374.45 points, or 1.11%, to 34,243.72. The S&P 500 gained 46.50 points, or 1.15%, to end at 4,137.48 points, w...

ASX 200 slips 16 points to 7408 (0.2%). Narrow trading range with results dominating. Banks eased back ahead of CBA numbers later this week, the Big Bank Basket fell to $190.08 (0.6%). Insurers doing well, IAG jumped 4.5% on results. QBE up 1.3% and SUN up 1.5%. Fund managers under pressure and MQG slipping 0.6%. Industrials mixed with REA down 1.6% on broker downgrades, CAR 0.6% better on results...

Dow Jones up 160 on Friday (+0.50%). Narrow range, up 197 at best, down 108 at worst. NASDAQ down 0.61% as Lyft falls 36% on results. S&P 500 up 0.21%. Tesla down 5%, NVIDIA down 4.8%. Energy stocks up as the oil price rises on a Russian production cutback. ExxonMobil up 4.21%. For the week the Dow Jones was down 90 points (-0.26%). The NASDAQ was down 2.44% and the S&P 500 was down 1.11%....

 ASX 200 falls another 57 points to 7432 (0.8%) to a three week low, as results fall short and resources beyond underwhelming. Iron ore stocks starting to throw in the towel, BHP down 0.3%, RIO off 1.1% and FMG falling 2.3%. Gold miners weaker again, NCM down 1.9% and NST off 3.1%. Lithium stocks holding up relatively PLS steady with AKE down 1.3%. Coal stocks though walloped, WHC down 3.7%, NHC o...

US markets fell overnight due to uncertainty and inflation signals, with the Treasury yield-curve inversion reaching its deepest level since the 1980s. US retail investors turned bullish for the first time since April, which is also seen as a negative indicator, pushing markets lower. Alphabet (Google) continued to drop, down 4.39% after a disappointing investor meeting on Wednesday. The Dow Jones...

ASX 200 drops 40 points to 7490 (-0.5%) as results dominate but downgrades continue. Industrials sagged badly with WOW down 0.8%, COL off 0.8% and WES falling 0.6%. REITs stumbling lower on higher 10-year bond yields around 3.66%. GMG down %, CHC off 1.3% and GPT falling 1.6%. Tech eased too as WTC fell 1.6% and XRO down 2.4% with the All - Tech Index down 0.8%. Banks were soggy, the Big Bank Bask...

U.S. stocks slid Wednesday as investors returned focus to the latest batch of corporate earnings. Wall Street also continued to weigh the outlook for future Federal Reserve policy moves. The Dow Jones Industrial Average fell by 207.68 points, or 0.61%, to 33,949.01. The S&P 500 slid 1.11% to end at 4,117.86 . The Nasdaq Composite dropped 1.68% to close at 11,910.52. SPI falls 31 points. Google...

ASX 200 rallies 26 points to 7530 (0.4%). Results in focus. BLD shows pricing power up 12.8% with CSR following in its wake. Resources attracting buyers again. BHP up 0.2% and RIO up 1.1% with the gold miners mixed, NCM up 2.6% and NST better by 1.0%. Lithium stocks back in demand, PLS up 3.8% and AKE up 2.9% with LTR doing well too, up 3.8%. Coal stocks eased back after solid gains yesterday, oil...

US stocks rallied overnight in a volatile trading session following comments from Fed Chairman Powell regarding how long the fight to tame inflation may take. The Aussie dollar and Yen both appreciated after interest rate announcements and strong Japanese wage data, causing a decline in the US Dollar Index. US treasuries edged higher, and more than half of the companies listed on the S&P500 ha...

 ASX 200 fell 35 points to 7504 (0.46%) after the RBA raised rates 25bps as expected though perhaps a more hawkish tilt than some had hoped for. Losses across the board accelerated, Banks sagged, CBA off 0.4% NAB down 0.5% and the Big Bank Basket down to $191.42 (0.3%). MQG edged 0.7% higher following a 9-month update, insurers better on the rate rise, QBE up 0.2% and SUN rising 0.9%. Industrials...

Wall Street dropped overnight ahead of Federal Reserve Chairman Jerome Powell's interview on Tuesday. The interview is expected to solidify further rate increases with Fed Bank of Atlanta President saying the strong Job numbers report in January raises the possibility of further rate increases. Newmont down 4.51% after announcing a bid for Newcrest Mining . Geopolitical tensions persist, with...

ASX 200 slipped 19 points to 7539 (0.3%) on tepid trade as resources were sold off in lithium and gold miners. NCM held up the Gold Index but the reality was a broad sell off. Only NCM, RIO and BHP in the green today. Lithium stocks under pressure, IGO off 1.4% and PLS down 2.5% with LTR falling 3.9%. Gold miners hit hard as bullion fell, RRL down 1.0%, SLR off 3.6% with NST down 0.9%. NCM rallied...

Dow Jones down 128 (-0.38%). Up 126 at best, down 240 at worst. S&P 500 up 0.42%. NASDAQ down 1.6% as the Thursday bubble deflated. In commodities BHP and RIO dropped 0.7% and 0.6% in the US. The oil price was down 4.25% , the gold price was down 4.4% , otherwise metal prices were fairly stable. The iron ore price dropped 1.9% . Lithium also dipped a touch down 0.42%. Why not sign up for a fre...

 ASX 200 closes up 47 points to 7558 (0.6%) as 10-year yields tumble and rate sensitive stocks rally. Banks leading the charge higher with CBA hitting records, ANZ screaming ahead up 2.3% and the Big Bank Basket up to $192.72 (1.5). ASX up 2.5% and fund managers cheering up, even MFG up 1.4%. MQG lagging a little. Insurers under a little pressure after IAG warning on margins. Industrials doing ver...

The S&P 500 rose to its highest level in five months on Thursday as better-than-expected Meta results further improved sentiment around technology shares, which led the market lower last year. The broader market index jumped 1.47% to 4,179.76, or its best level since August. Meanwhile, the tech-heavy Nasdaq Composite advanced 3.25% to 12,200.82, or its highest level since September. The gains...

 ASX 200 gave back nearly all of the early gains closing up 10 points at 7512 (0.1%) as big resources saw profit-taking across the board. Had to happen at some stage. BHP fell 1.4% with RIO under serious pressure having found the capsule down 2.3%. FMG held up better. Gold miners were superstars, NCM up 3.7% with NST up 4.6% and DEG up 3.4%. Lithium stocks better, LTR up 2.3% and CHN doing well up...

The S&P 500 gained 1.05% to 4,119.21, reversing an early decline of almost 1%. The Nasdaq Composite added 2% to 11,816.32, boosted by gains in chipmakers following strong earnings from  AMD. Meanwhile, the Dow Jones Industrial Average rose 6.92 points, or 0.02% to 34,092.96 , after sliding more than 500 points at the day’s lows. Fed chief Jerome Powell soothes the market nerves despite a 0.25%...

 ASX 200 rose 25 points to 7502 (0.3%). Some caution crept in ahead of the FOMC meeting. Resources firmed but unspectacular, BHP up 0.3%, RIO bouncing 1.4% and FMG up 0.4%. Lithium stocks slightly better but no great shakes, PLS up 0.4% and IGO up 1.0%. Gold miners eased back especially in the second liners, SBM , DEG and SLR . NST one of the positive ones up 0.7%. Oil and gas slid with WDS down 1...

US markets were up overnight, adding to January's rally, as signs of easing labour costs and cooling inflation helped boost the market. US treasury yields and the dollar index declined. Exxon and GM up 2.2% and 8.35% after positive earnings releases, while McDonald’s and Caterpillar were down 1.39% and 3.52% on their results. The Dow Jones closed up 369 points (+1.09%). At best it was up 378,...

 ASX 200 slipped 5 points to 7464 (0.1%) as an early rally reversed. The index does not tell the whole story though with huge volatility in some sectors. Some caution crept in ahead of the Fed and US results and end of month book squaring taking the wind out of the lithium sector and golds. Resources were smashed although BHP , RIO and FMG holding up but S32 , IGO and PLS gave up the uneven strugg...

US markets fell overnight weighed down by declines in the tech sector and other mega-cap shares, leading into a full week of central bank announcements and earnings reports from big-tech companies including Alphabet and Meta .  More than 100, S&P 500 companies are expected to report this week as well as the closely watched U.S employment data that may shed some light on whether progress has be...

ASX 200 fell 12 points at 7482 . Resources came under a little pressure as China came back online and RIO fessed up to losing a radioactive capsule. RIO down 1.1% on the news, BHP off 0.6% and FMG off 1.3%. Lithium stocks in demand again as Chinese producers making record profits, PLS up 2.0%, AKE up 1.1% and rare earths also doing well with LYC up 6.9% with ARU continuing  1.8% higher. Quarterlie...

The Nasdaq Composite jumped 0.95% to settle at 11,621.71, while the S&P 500 gained 0.25% to close at 4,070.56. The Dow Jones Industrial Average added 28.67 points, or 0.08%, to finish at 33,978.08. All the major averages posted a positive week and are on pace for a month of gains. The tech-heavy index rose 4.32% and closed out its fourth week of gains. It’s on pace for its best monthly perform...

ASX 200 rose 26 points to 7494 (+0.3%) for the fourth week of gains. Resources and banks better. BHP leading the way up 0.6% with FMG in stasis after record production numbers. Lithium stocks saw some sector rotation as PLS saw some take money off the table falling 4.1% and IGO down 0.5%. Others rose like VUL and LTR . Gold miners fell NCM down 2.3% and DEG off 1.3% with SBM having a better day th...

The Nasdaq Composite jumped 1.76% to settle at 11,512.41. The Dow Jones Industrial Average rose 205.57 points, or 0.61%, to end at 33,949.41, while the S&P 500 gained 1.1% to close at 4,060.43. GDP data released at 2.9% for the quarter annualised. Higher than forecasts.  Tesla the focal pint on results up 11% Intel after hours disappointed down around 6%. AUD jumps to highest since June. Catch...