Between the Bells

Wall Street slipped into the red again on Tuesday with the S&P500 fighting to stay out of correction territory as it trades 8.6% below its recent record, as investors remain concerned over the impacts Trump’s tariffs will have on the US economy. The Dow Jones lost 0.62%, the S&P500 shed 1.07% and the tech-heavy Nasdaq ended the day down 1.71%. Tesla shares have been hit hard lately and took a further 5% tumble on Tuesday after RBC Capital Markets lowered its price target on the EV com...

03-18

03:55

Wall St closed higher to start the trading week, posting back to back session gains following recent tariff policy news which has softened the market. The Dow Jones rose by 0.85%, the S&P500 jumped 0.65% and the tech-heavy Nasdaq rallied by 0.31%. Over in Europe, markets followed the US and closed higher to start the trading week on a positive note. The STOXX600 closed 0.79% higher with all but one major sector closing in the green. Germany’s DAX jumped 0.73%, the French CAC climbed 0.56%...

03-17

02:07

What a week it was on markets last week as Trump tariffs and global trade war concerns spread fear throughout global markets leading to a mass sell off in equities and the price of safe-haven gold topping US$3000/ounce for the first time ever. Wall Street reversed some of last week’s losses to close higher across the key indices on Friday as news out of the Whitehouse around tariffs eased on Friday which prompted investors to reconsider buying into equities following days of sharp selloffs. T...

03-16

03:33

How have markets reacted to the US tariffs? News headlines around the US saw the Australian market decline over 2% Monday to Thursday this week, with information technology and industrials down the most. The only two industry sections in the green over this week so far, are utilities up 2% and energy up 1.05%.

03-13

04:53

Wall St closed mixed overnight following the release of a softer than expected inflation report. The Dow Jones fell by 0.2%, the S&P 500 rose by nearly half a percent and the tech-heavy Nasdaq jumped 1.22%. Core inflation data month was released overnight coming in at 0.2%, lower than the consensus and forecast of 0.3% and its previous result of 0.4%. Over in Europe, markets closed higher despite the announcement by the European Union of an introduction of tariffs on a variety of US impor...

03-12

02:15

Wall St closed lower overnight as the Dow Jones loses more than 450 points. The S&P 500 dropped 0.75%, the tech-heavy Nasdaq lost 0.18% and the Dow Jones fell by over 1%. The S&P 500 was in the green at one point of the trading session until Donald Trump declared that Canadian steel and aluminum duties would double from 25% to 50%. Over in Europe, markets followed the US and closed lower as trade tensions between the US and Canada escalate. The STOXX600 fell by 1.7%, led by autos whic...

03-11

02:14

Our local market started the week retrieving earlier losses, gaining 0.18% yesterday, as energy, materials and utilities advanced. Polynovo (ASX:PNV) rebounded, leading the market up 4.6% at the close, while Beach Energy (ASX:BPT) closely followed. On the other hand, Johns Lyng Group (ASX:JLG) tumbled over 12% yesterday following the announcement that JP Morgan is now a substantial holder. Overnight, the 3- week market sell off in the US equities intensified as the key benchmarks continue to ...

03-10

02:57

On Wall Street on Friday markets ended the week higher in what was the worst week the S&P 500 has had since September. The Dow Jones rose over half a percent, the tech-heavy Nasdaq gained 0.71% and the S&P500 jumped 0.56%. A US jobs data report was released on Friday, falling below expectations to 151,000 jobs in February, well below the consensus of 170,000 jobs predicted by economists. Over in Europe, markets closed lower on Friday following investor reactions to tariff implementati...

03-09

02:21

Market movements this week were characterised by turbulence in US equities. The ASX200 declined 0.95% Monday to Thursday, with the energy sector weighing down on the market the most, followed by consumer staples and utilities. In this week’s wrap, Sophia covers: (0:45): why defensive stocks have outperformed (2:11): shifts in global currency markets(2:29): the surge in optimism surrounding the Euro(3:16): how the ASX200 performed this week so far (3:44): the most traded ...

03-06

04:38

Wall St closed higher overnight following back-to-back losses after an exemption was given to automakers from Donald Trump’s tariffs, giving investors hope that more concessions will be made. The Dow Jones rose 1,14%, the S&P500 jumped 1.12% and the tech-heavy Nasdaq closed Wednesday’s trading session 1.46% higher. A one-month delay on tariffs were given to automakers whose cars comply with the Unites States-Mexico-Canada agreement. Stellantis rose by 10%, whilst Ford and General Motors b...

03-05

02:44

In the US overnight, Wall Street extended its losing run as fresh tariffs came into effect on Tuesday, US time. The Dow Jones fell by 1.55%, the tech-heavy Nasdaq lost 0.35% and the S&P500 ended the day 1.22% lower. Investors fear the global trade will impact the health of the US economy with retaliatory tariffs from China, Canada and Mexico in motion already. Over in Europe, markets closed lower as global investors brace for impact on the ongoing tariff war. The STOXX600 closed over 2.14...

03-04

02:28

Wall St started the new trading week sharply lower as investors brace for the impact of Trump’s tariffs on Mexico and Canada, of which come into effect on Tuesday US time. The Dow Jones fell 2.1%, the S&P500 lost 2.3% and the tech-heavy Nasdaq ended the day down a sharp 3.2%. Investor hopes of a last-minute deal to prevent the tariffs from going ahead were dashed in afternoon trade after President Trump reiterated the 25% levies on imports from Mexico and Canada will go ahead from Tuesday...

03-03

04:48

Over in Wall St on Friday markets closed higher to end the week following a losing month for the major averages. The Dow Jones gained 1.39%, the S&P 500 jumped 1.59% and the tech-heavy Nasdaq rose by 1.63%. Over in Europe, the STOXX600 and Germany’s DAX closed flat on Friday, with the French CAC rising 0.1% and over in the UK, the FTSE 100 ended 0.61% higher by market close on Friday. Locally on Friday, the ASX200 fell 1.16% with all but one major sector closing in the red. Losses were le...

03-02

02:15

In the final week of reporting season, the ASX200 declined 0.34%, as technology stocks tumbled, while utilities and financial stocks offset some of the local market gains. This reporting season, 24 companies released their financial results, with 86 beatings expectations, 83 meeting expectations and 75 missing expectations. 37 companies have been upgraded by brokers, while 42 have been downgraded. In this week’s wrap, Sophia covers: (0:42): why Qantas continues to soar as turbulence roc...

02-27

05:04

Wall St overturned its recent red run to close higher on Wednesday as investors overlooked concerns around Trump’s tariffs and into areas of opportunity in the market. The S&P500 rose 0.01%, only just snapping a 4-day losing streak, while the Nasdaq gained 0.26% and the Dow Jones ended the day up 0.43%. Nvidia’s results out overnight boosted the AI-market darling up 3% ahead of the results release after the closing bell. Nvidia’s results once again beat expectations with sales growi...