Market Updates

The Dow Jones Industrial Average dropped 697.10 points, or 2.06%, to close at 33,129.59. This was the index’s worst downturn since Dec. 15, when it fell 2.3%. The S&P 500 slid 2.00% to close 3,997.34, marking its worst day since Dec. 15, when it fell 2.5%. All sectors ended lower, with consumer discretionary stocks seeing the largest decline of 3.3%. The tech-heavy Nasdaq Composite pulled back...

 ASX 200 finished only down 15 points to 7338 (0.2%) as BHP fought back as the day wore on. After an initial 2% plus fall, BHP went on the charm offensive and won back the disbelievers, closing down only 0.3%. Resources were back in demand on Mike Henry’s comments on China, lithium stocks bounced hard, PLS up 4.5%, MIN up 3.8% and IGO rising 1.4%. Iron ore miners pushed higher as commodities stren...

US markets were closed overnight for Washington's Birthday . Chinese equities continued rallying, supported by the country's deepening stimulus and relaxed pandemic restrictions. Walmart and Home Depot prepare to release their retail earnings reports this week, giving an insight into US consumer demand. In Europe, Stoxx 600 +0.07%, UK FTSE +0.12%, France's CAC -0.16%, German DAX -0....

ASX 200 flip flopped today closing up 5 points at 7352 (0.1%). Banks starting to find support after a drubbing last week, BEN results helped with the Big Bank Basket up to $180.28(1.1%). CBA racing back up 1.3% and NAB up 1.5%. Other financials doing well, MQG up 0.9% and ASX up 0.8%. Insurers mixed, QBE ran hard up 3.7% on broker upgrades. PTM also doing well up 3.1% as Kerr Neilson calls for And...

The Dow finished 130 points higher on Friday, while the S&P 500 and Nasdaq 100 lost nearly 0.3% and 0.6%, respectively, as investors worried about Fed’s larger rate hikes amid rising bond yields and inflation reports.  SPI down 1 point. Goldman Sachs, Bank of America expect three more US rate hikes this year. Hawkish ECB comments push-up rate hike expectations Fed officials say more rate hikes...

ASX 200 sank another 64 points to 7347 (0.9%) as US markets weighed and Phil Lowe spent another day in a hairshirt. Losses across the board,the  Banking sector still beyond underwhelming. CBA lost 0.5% and NAB was sold off hard down 2.2% with the Big Bank Basket down to $178.27 (0.8%). Elsewhere in financials, MQG’s crown slipped down 2.6%, MFG gave back some gains off 2.9% and GQG fell 4.5% and t...

The Dow Jones Industrial Average shed 431 points, closing on its lows, or 1.26%. The S&P 500 dipped 1.38% and the Nasdaq fell 1.78%. Microsoft and Disney contributed the most to the Dow’s decline, down more than 2% each.  SPI down 18 points.  The US producer price index jumped 0.7% in January, driven up in part by a 5% surge in energy prices. That increase compared with a 0.2%  drop from Novem...

ASX 200 rallied back 58 points to 7409 (0.8%) after the drubbing yesterday. Bank steadied on NAB Q1 results, with NAB up 0.7% and ANZ up 0.6%. CBA copped some downgrades falling another 1.5% with the Big Bank Basket falling to $179.69 (0.750. MQG ran 1.7% with MFG also doing well on results up 6.4%, Insurers better too, QBE up 1.0% and SUN rallying 1.6%. Industrials were firm, WES kicked hard up 4...

The S&P 500 climbed 0.28% to end the session at 4,147.61 points. The Nasdaq gained 0.92% to 12,070.59 points, while Dow Jones Industrial Average rose 0.11% to 34,128.05 points. Nine of the 11 S&P 500 sector indexes rose, led by a 1.2% gain in consumer discretionary .  More than half of all S&P 500 companies have reported quarterly earnings, and nearly 70% of those have topped profit ex...

 ASX 200 fell 79 points to 7352 (1.1%) as banks fell sharply after CBA results prompted questions about the outlook. The Treasure calling on the ACCC didn’t help. The Big Bank Basket fell to $180.92 (5%) with CBA down 5.7% and NAB off 4.1%. Insurers lid a little, MPL up 1.3% and MQG down 0.4% with MFG getting a rare broker upgrade rising 7.1%. In the industrials, staples eased, WES reported good n...

The Dow Jones Industrial Average slipped 156.66 points, or 0.46%, to close at 34,089.27. The S&P 500 fell 0.03% to 4,136.13. The Nasdaq Composite recouped losses to close 0.57% higher at 11,960.15, boosted by technology stocks including Tesla and Nvidia, which rose 7.51% and 5.43%, respectively.  SPI Futures up 1.   US CPI came in pretty much inline. Inflation rose in January by 0.5% “Super co...

 ASX 200 closes up 13 points to 7430 (0.2%) after caution crept in and results weighed. US CPI tonight the key. Resources turning negative as MIN fell 4.1%, AKE down 1.0% and BHP and RIO eased back. Gold miners steady but lithium under a little pressure. LYC unchanged on a Malaysian regulatory update. Oil and gas mixed, WDS down 1.1% but STO up 0.6% despite write downs. Coal stocks eased back. In...

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...