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US equity markets edged higher after fresh job openings data suggested the labour market continued to cool in April - Dow gained +140-points or +0.36%. Cisco Systems Inc rose +1.65% after it launched a US$1B fund to invest in artificial intelligence (AI) startups. Intel Corp fell -0.86% slipped 0.9% after unveiling its next-generation Xeon 6 AI data centre chips at the Computex trade fair in Taipe...

US equity markets advanced to cap another strong month - Dow rallied +575-points or +1.51% . Salesforce Inc rebounded +7.54% after slumping almost 20% a day earlier after the cloud client relationship management software group provided weaker-than-expected fiscal second quarter and full year guidance .  Consumer brands that have been struggling with sticky inflation and under pressure consumers al...

US equity markets - Dow fell -330-points or 0.86% . Salesforce Inc slumped over >19.74% in extended trading after the cloud client relationship management software group provided weaker-than-expected fiscal second quarter and full year guidance after the close of the previous session. Technology giants Microsoft Corp (down -3.38%) and Amazon.com Inc (-1.48%) were weaker amid a broader sell-off...

US equity markets retreated , led lower by declines in rate-sensitive sectors as concerns around the timing and the scale of the Federal Reserve's interest rate cuts pushed Treasury yields higher and pressured risk assets - Dow dropped -411-points or -1.06% . Unitedhealth Group Inc dropped -3.76% after Chief Executive Officer (CEO) Andrew Witty said at the Bernstein 40th Annual Strategic Decisions...

US equity markets resumed trading on a mixed note following the Memorial Day long weekend, although Nvidia Corp continued to power ahead and push the Nasdaq to fresh record highs - Dow fell -217-points or -0.55% , paring an earlier decline of over >300-points. Healthcare names led the 30-stock index lower, with Merck & Co down -2.63%, Amgen Inc -1.85% and Johnson & Johnson -1.76%. Just...

In US corporate earnings , Cava Group and Hewlett Packard Enterprise post quarterly results tonight AEST . In US economic data , the S&P Core Logic Case-Shiller Home Price for March , the Federal Housing Finance Agency (FHFA) House Price Index for March , the Conference Board’s Consumer Confidence survey for May , and the Dallas Fed Manufacturing Index for May are released tonight AEST .

US equity markets retreated , reversing earlier gains as the latest ‘flash’ purchasing managers indices (PMIs) fuelled fresh interest rate concerns and overshadowed a renewed rally for chipmaking giant Nvidia Corp - Dow dropped -606-points or -1.53% , marking the largest daily percentage decline since 22 March and with all of the 30-stock index’s components settling in the red. Boeing Co shed -7.5...

US equity markets retreated , falling in the afternoon session after the minutes from the Federal Reserve's early May monetary policy meeting put a spotlight on inflation risks - Dow fell -202-points or -0.51% , logging its worst session of the month to date. The broader S&P500 eased -0.27% Energy (down -1.83%) and Utilities (-1.18%) falling over >1% to lead eight of the eleven primary sect...

US equity markets mostly firmer to open the week, with technology stocks underpinning the gains - Dow fell -197-points or -0.49%. JPMorgan Chase & Co dropped -4.50% after Chief Executive Officer (CEO) Jamie Dimon hinted during the bank’s annual investment meeting that he was preparing to retire after nearly 20 years at the helm of America's largest bank. Mr Dimon also said the bank would not r...

US equity markets ticked higher as investors digested results from retailers and eyed the released of semi-conductor giant Nvidia Corp’s (up +0.64%) first quarter result after the closing bell tonight AEST - Dow edged +66-points or +0.17% higher. International Business Machines (IBM) Corp rose +2.09%after it said it was expanding several artificial intelligence (AI) partnerships with companies inc...

US equity markets settled with modest gains on Friday (17 May), with the Dow closing above the 40,000 mark for the first time - Dow rallied +134-points or +0.34% to 40,003.59 a day after briefly topping the 40,000 mark for the first time in its 128-year history. It has taken 874 trading days for the 30-stock index to climb from 30,000 (which it steeled above on 24 November, 2020) to 40,000.

US equity markets settled with modest declines a day after all three (3) benchmark indices logged record closing highs - Dow slipped -39-points or -0.10% to 39,869.38, briefly topping >40,000 for the time earlier in the session . American Express Co (-0.16%) and Amazon.com Inc (-1.27%) are the two top performing Dow stocks so far this year , up +28.81% and +20.86% respectively year-to-date. How...

All three (3) benchmark US equity indices rallied to record highs , with investor sentiment buoyed by the first cooler-than-expected consumer inflation print in four months accompanied by softer retail sales in April - Dow climbed +350-points or +0.88% to 39,908.00 , settling with its 18th record close of 2024 . Salesforce Inc (up +3.88%) was the leading performer in the 30-stock index, while Amge...

US equity markets advanced , shrugging off stronger-than-expected wholesale inflation data and with investors’ focus now turning to the latest consumer price inflation figures tonight AEST - Dow rose +127-points or +0.32% . Boeing Co rose +1.30% despite delivering fewer jets in April amid quality problems that forced a slowdown in production. The company reported that it shipped 24 jets in April (...

US equity markets mixed following a session absent any major news or data, and with investors eyeing the latest round of inflation figures - Dow eased -81-points or -0.21% , snapping an eight session winning streak. Intel Corp rose +2.21% after The Wall Street Journal reported that the company is in talks with Apollo Global Management about providing US$11B in funds to help the chipmaker build a p...

US equity markets advanced although investor sentiment was kept in check after consumer sentiment data (including inflation expectations) deteriorated and ahead of inflation data later this week - Dow rose +125-points or +0.32% , booking an eighth consecutive session advance and best weekly performance of 2024 to date. Goldman Sachs Group Inc settled -0.18% lower after touching a record intra-day...

US equity markets advanced as the latest weekly jobless claims figures fuelled fresh optimism around Federal Reserve interest rate cuts - Dow rallied +331-points or +0.85% to 39,387.76 to book its seventh consecutive session advance and highest close since 1 April. The 30-stock index also settled within 1.1% of its 28 March record closing high (39,807.37). Home Depot Inc (up +2.54%) and Caterpilla...

US equity markets were mixed following a subdued session - Dow sealed its sixth consecutive session advance, rising +172-points or +0.44% to 39,056.39 to book its longest winning streak since the period that ended on 19 December (when the index rose for nine straight trading days). It also marked the first time that the 30-stock index closed above >39,000 since 3 April.  

US equity markets advanced , building on last Friday’s (3 May) strong gains - Dow  extended gains into a fourth straight session , up +177-points or +0.46% . Walt Disney Co (up +2.47%) was the leading performer in the 30-stock index ahead of the release of its fiscal second quarter result tonight AEST . Apple Inc fell -0.91% following news over the weekend that Berkshire Hathaway Inc , the largest...

US equity markets rallied on Friday (3 May) after the latest jobs data printed weaker-than-expected for the first time in four months, with all three benchmark indices rising over >1% on the same day for the first time since 22 February  - Dow rallied +450-points or +1.18%. Apple Inc gained +5.98%, with the iPhone maker logging its best single session gain since 30 November, 2022 after unveilin...

US equity markets rallied ahead of the key jobs report for April tonight AEST and in the wake of the Federal Reserve’s latest monetary policy meeting - Dow gained +363-points or +0.96%. Boeing Co (up +4.31%) and Amazon.com Inc (+3.20%) were the leading performers in the 30-stock index. 

US equity markets retreated overnight, reversing earlier gains as investors digested the latest monetary policy announcements from the Federal Reserve - Dow added +87-points or +0.2%, unwinding an earlier rally of over >500-points. Amazon.com Inc climbed +2.17% after reporting better-than-expected first-quarter earnings after the close of the previous session, underpinned by growth in its cloud...

US equity markets retreated, extending losses in the final hour of trading as wage growth data dealt another blow to the Federal Reserve in its fight against inflation ahead of the central bank concluding its two-day monetary policy meeting tomorrow morning AEST - Dow fell -570-points or -1.49%, the largest one-day percentage decline for the 30-stock index since March 22, 2023. Economic bellwether...