Market Updates

US equities closed broadly higher overnight following a choppy day of trade. The Dow edged up 16 points (+0.04%). Up 72 points at best. Down 203 points at worst. The S&P 500 rose 0.16% and is on pace to enter the second half of the year with a gain of ~15% YTD. The tech-heavy NASDAQ advanced 0.49%, locking in the gain before big tech got hit too hard in late trade after Micron Technology’s out...

ASX 200 tumbled 56 points to 7783 (-0.7%), giving back some of yesterday’s gains following hotter-than-expected inflation data. Inflation rose 4.0% YonY in May , faster than April's 3.6% and above consensus of 3.8%. Aussie dollar jumped 0.6% to 66.86c, hitting a two-week high, and the 10Y yield and 2Y yields jumped 10bp and 18bp. Most sectors are in the red. Tech stocks outperformed their pee...

Another floppy start.. US equities ended mixed overnight . The NASDAQ rallied 1.26%, buoyed by gains in chip stocks and Nvidia , up 6.8% bouncing back from a three-session sell-off. The S&P 500 rose 0.39%, snapping a three-day losing streak, while the Dow tumbled 299 points (-0.76%). Up 12 points at best. Down 414 points at worst. US Treasury yields finished near flat line. During trade, the y...

The ASX200 has finished the day up 105 points (1.36%), bouncing back strongly from yesterday’s sell-off. The Energy sector went from worst to best following the overnight oil price rise and bargain hunters circling in. WDS up 3.7%, its best session of the year and KAR up 2.3%. Real Estate was next as bond yields fell. GMG up 0.9% and SGP up 3%. Commodities finally took a break from selling. The bi...

Wall Street ended mixed overnight, losing traction after Nvidia fell 6.7% extending a three-day rout raising speculation that the AI rally powering the bull market is taking a breather. The Dow kicked off the week rallying to a one-month high, though off best levels, up 261 points (+0.67%). Up 421 points at best. The S&P 500 and the NASDAQ fell 0.31% and 1.09% following a rotation out of tech...

The ASX 200 has closed down 62 points (-0.8%) to 7734. The morning sell-off in Energy , Health Care, Consumer Discretionary and Commodities accelerated towards the close. Taking all but one of the major eleven sectors into the red with them. Energy finished worst off, oil , coal and uranium stocks down. WDS -2%, WHC -3.3% and BOE down 5.3%. PDN remains in trading halt. RMD finished close to its lo...

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The ASX200 has finished the day up 27 points (0.34%) and up 72 points for the week. Utilities and Energy were the best two performing sectors on the back of last night’s oil price rise. WDS up 1% and KAR up 3.6% on a broker upgrade. Utility stocks ORG and MCY saw big gains on a double hit of rising oil price and news of European sanctions on Russian natural gas. Up 3.3% and 4.1%. Telecom up again,...

Wall Street ended mostly mixed overnight . The Dow Jones outperformed, advancing 300 points (+0.77%). Up 398 points at best. Down 56 points at worst. The S&P 500 briefly topped 5,500 points for the first time ever. A year-end target multiple brokers have forecasted before losing traction, falling 0.25%. The NASDAQ fell 0.79%, snapping a seven-session streak of record closing highs weighed down...

The ASX 200 has finished flat to 7769, slightly better than futures were suggesting. A quiet session that lacked direction, following a similarly quiet night in Europe while US markets were closed. Tech and Health Care the only sectors with significant moves. Health Care worst off after a 4.8% drop in COH (no new news). CSL and RMD fell in sympathy 0.8%. Tech stocks were sold off despite NASDAQ fu...

US markets closed overnight for Juneteenth National Independence Day. Australian shares to fall at the opening bell, with SPI Futures down 21 points . European equity markets closed firmly lower, weighed down by losses in real estate and technology stocks, while UK miners found buyers as the market digested inflation data. The STOXX 50 fell 0.61%, and the STOXX 600 eased 0.17% after the European C...

The Australian market has finished the day down 8 points (-0.11%) to 7770. Energy was the standout performer on the back of another strong gain in the oil price (WTI was up 1.7% overnight). WDS and STO up 1.3% and 1.1%. BPT in contrast was hit hard, down 4.3% on multiple broker downgrades after the company announced low er production and higher CAPEX yesterday. Staples continued their strong run,...

Wall Street ended higher overnight following softer-than-expected US retail sales data. The S&P 500 recorded its 31st record high of the year, gaining 0.25%. Boosted by Nvidia up 3.5%, surpassing Microsoft (-0.5%) to become the world's most valuable company . Market cap of $3.335T. The NASDAQ was near flat, while the Dow advanced 57 points (+0.15). Up 159 points at best. Down 50 points at...

The ASX 200 has finished the day up 78 points (1%) to 7778, closing near the high. The RBA’s decision to hold rates passing unnoticed by the market. Bond yields did respond, the AU2Y rising 5bp on the announcement and subsequent Michele Bullock press conference. The Utilities sector was the star performer thanks to a 3.5% rise in ORG. Banks were next best with solid gains continuing. MQG up 2.6%,...

US equities kicked off the week on a positive note . The S&P 500 rose 0.77%, hitting its 30th record high this year. The NASDAQ advanced 0.95%, marking its sixth consecutive record high, buoyed by gains in large tech stocks. The Dow Jones gained 189 points (+0.49%), ending just off best levels. Up 251 points at best. Down 157 points at worst. Philadelphia SE Semiconductor index touched an all-...

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Why not sign up for a free trial ? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? Join the Marcus Today community .  

Why not sign up for a free trial ? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? Join the Marcus Today community .  

Why not sign up for a free trial ? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? Join the Marcus Today community .    

ASX 200 limped to a 34-point rise to 7750 (+0.4%), following the US higher without great enthusiasm. Jobs numbers this morning point to no reason for the RBA to cut rates. Meeting next week. Once again, it was a tale of two sectors. Banks up, and resources down. The Big Bank Basket continued to trundle higher, up to $216.44 (+0.8%) led by CBA up 1.1%. NAB is at a nine-year high, up 0.8%. MQG slipp...

Wall Street ended mixed overnight. The S&P 500 and NASDAQ both posted record closing highs for a third consecutive session, gaining 0.85% and 1.53%, respectively, with the S&P 500 topping 5,400 for the first time in its history. The Dow fell 35 points (0.09%), losing its morning gains. Up 373 points at best. Down 126 points at worst. The FOMC meeting can be dubbed as a nothing burger, the...

ASX 200 lost another 40points to 7716 (0.5%) ahead of Fed meeting and US CPI.  Once again, resources were the biggest culprits as iron ore remains under pressure, BHP fell 0.6% and RIO off 1.5% with base metals falling, S32 continues to soften down 0.8% and PLS falling 2.9%. Uranium stocks on the nose as spot prices head lower, BOE down %, DYL down % and NXG falling hard. Gold miners were mixed to...

The S&P 500 and the Nasdaq Composite rose to fresh closing records on Tuesday, led upward by Apple. The 30-stock Dow Jones Industrial Average lost 120.62 points, or 0.31%, to end at 38,747.42. ASX SPI down 36 Oil settled slightly up on forecasts for strong global demand. Gold edges up as investors eye Fed outlook, US inflation data. Iron ore tumbles to 2-month low on concerns over weakening Ch...

ASX 200 fell 105 points to 7753 (-1.3%) as banks pulled back from record highs and resources came under pressure on commodity price drops on US data. Iron slipping badly towards $100, BHP down 1.8%, RIO down 1.9%, and FMG off 3.2%. Base metal stocks were badly mauled, S32 off 5.2% and PLS falling 3.8%, with other lithium stocks similarly afflicted. Gold miners also whacked on bullion falls, NST do...

The S&P 500 and Nasdaq Composite closed at fresh records as Nvidia lifted tech stocks and investors looked ahead to the Federal Reserve’s interest rate decision. The broader market index advanced by 0.26%, closing at 5,360.79, while the Nasdaq Composite gained 0.35% to end at 17,192.53. The Dow Jones Industrial Average added 69.05 points, or 0.18%, ending at 38,868.04. SPI down 46 Friday 33 la...