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A twice-daily podcast from the Marcus Today team, designed for self-directed investors. Stay informed with the latest stock market, financial, and business news, published every weekday just before the market opens and after it closes (AEST).
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ASX 200 fell back to earth, dropping 73 points to 8995 (0.8%). Hot air is escaping from hot sectors today. Banks slid a little with the Big Bank Basket down to $286.96 (-0.2%). ANZ down 0.5% and MQG falling 1.0%. Insurers were smashed on 10-year yields plunging, QBE down 9.3% and IAG off 6.2%. Financials also under some end of week pressure, GMG gave back some gains falling 2.4% and industrials slid. WES down 0.9% and ALL off 1.4%. Tech under pressure again, WTC down 1.8% and XRO off 0.4%. Th...
Stocks closed lower on Thursday, giving up earlier gains, led by declines in bank stocks on worries about bad loans. Traders also juggled persistent trade tensions and an ongoing U.S. government shutdown. The Dow Jones Industrial Average lost 301.07 points, or nearly 0.7%, to close at 45,952.24. Earlier in the day, the 30-stock index had gained 170 points. The S&P 500 finished 0.6% lower at 6,629.07, giving up a 0.6% gain at the highs of the session. The Nasdaq Composite fell 0.5% to sett...
The ASX 200 hit record highs today, closing at 9068 up 78 points (0.9%) in a very strong session. Today, it was banks and industrials doing much of the heavy lifting — along with a solid contribution from the gold sector. MQG led the charge, jumping over 5% on the back of news it had sold some of its data centre assets — good news all around. The big kicker came at 11:30 am, with jobs data showing an unemployment rate of 4.5%. That gives the RBA plenty of room to cut rates further on Melbourn...
Continued good news from Wall Street bank earnings in overnight trade. The SP500 closed up +0.40% and the Nasdaq +0.66%. The VIX moderated down -0.82%. Morgan Stanley (+4.7%) and Bank of America (+4.4%) added to the positive earnings released from Goldman Sachs, Citigroup and JPMorgan Chase yesterday. The six Wall Street banks raked in almost US$41 billion in the past quarter, and up 19% from this time last year, according to the Wall Street Journal. The tech capex boom rolls on, with A...
The ASX 200 soared 92 points to 8991(1.0%), closing on highs, as bank and resources fired together. The Big Bank Basket back up to $285.59 (+1.5%) with CBA signing up Comyn for another three years and rising 1.5%. NAB up 1.9% and MQG rallying another 1.5%. Other financials also doing ok, HUB up 2.0% and PNI up 1.5%. REITs quiet and insurers slipped slightly. Healthcare better as CSL rose 2.6% and TLX sprinted 16.3% higher on a guidance update. Industrials also found some buyers, WES up ...
US stocks were mixed in overnight trade. Both the Nasdaq (-0.76%) and SP500 (-0.16%) declined. That result was better than the initial opening move, which suggested that bigger declines were likely. Argy bargy between the US and China is giving a mixed outlook for the trade war. ASX set to rise 74 points. BOQ raises dividend. Sarah Hunter (RBA) speaks Both US indices steadied later in the day. Solid US bank earnings from Wells Fargo and Citigroup no doubt helped sentiment toward both th...
The ASX 200 rose only 17 points today to 8899 (0.2%). But that action belies some extraordinary moves in the resources. Rare earths, lithium, critical metals, and strategic metal plays all soared. ARU up 25.4%, ILU up 15.8% and LYC up 5.0% with second liners flying. PLS up 2.7% and LTR rising 6.9%. Gold miners too in demand as bullion hit fresh records, NST up 2.8% and GMD up 5.4%. Big miners also got the memo, BHP up 2.2% and RIO rising 1.8% after production numbers. Uranium too in demand, L...
US markets recovered their composure in the first trading session for the week. The Nasdaq rose 2.2%, the SP500 2.02% and the VIX index dropped 12%. Bitcoin stabilised around US$115,650. US bond markets were closed for Columbus Day. The technology sector performed the strongest, with notable rises in TSLA (+5.4%) and AVGO (+9.9%). The major US banks are also reporting this week and should provide insight into Main Street America. ASX set to open higher. SPI futures up 27 points. Both co...
The ASX 200 lost 76 points to 8883 (0.8%) as losses accelerated in the banks as the day wore on. The Big Bank Basket fell to $283.25 (-1.1%). ANZ bucked the trend as it unveiled its new strategy and suspended the buyback. It was up 3.3%. MQG slumped 4.0% and other financials also in the naughty corner, NWL down 4.0% and HUB dropping 5.6%. REITS pretty flat, Insurers slightly lower, SUN down 1.2%. Industrials showed losses with QAN down 1.6%, SGH off 3.1% and ALL falling 2.5%. Retail eas...
US stocks accelerated selling into the close after Trump tweeted on new 100% tariffs on China, with the Dow Jones Industrial Average closing down 878.82 points, or 1.9%, at 45,479.60. The S&P 500 lost 2.71% to settle at 6,552.51, while the Nasdaq Composite fell 3.56% to 22,204.43. The broad-based index’s decline was the largest since April 10. Prior to Trump’s comments, stocks were sizably higher, with the Nasdaq hitting a new all-time intraday high. The VIX spiked above 22 – SPI down 84....
The ASX 200 fell 12 points to 8959 (0.1%) in quiet trade again ahead of the US reporting season. Down 29 points for the week. Banks were firm as CBA rose 0.6% and NAB up 0.6% with ANZ being in trouble for its culture again. The Big Bank Basket rose to $286.43 (0.5%). MQG lost 0.8% on a GS downgrade. L1G continued to fly following its FUM and merger with PTM. NWL rose 5.3% as a broker upgraded. ZIP ran 2.1% and PNI rose 3.5%. REITs steady, industrials were better, QAN up 1.9% and JBH rising 2....
US stocks fell overnight and the Aussie futures market went mildly down in sympathy. The Nasdaq did lift from its intraday low in late trade. Both bitcoin and gold fell too. Most eyes will likely be on rare earth shares today as China adds to its restrictions and conditions around the metals. China controls approximately 80% of the rare earths market and uses it as leverage in trade negotiations. Copper stocks could continue to rally today after another strong session for the metal in London....
The ASX 200 closed up 22 points at 8970 (0.3%) in somewhat lacklustre trade. Banks slid led by CBA down 1.3% and the Big Bank Basket down to $284.98 (0.9%). NAB also down 1.4% with other financials firming. REITS slipped slightly, GMG down 0.5% and SCG off 0.3%. Industrials mixed and uninteresting, QAN rose 1.1% and TLS gained 0.8% with REA bouncing 1.2%. WOW and COL also better. Healthcare mixed, SIG up 3.1% and RMD down 1.2%. In resources, copper stocks on a roll, BHP up 2.9% and RIO ...
HEADLINES S&P 500, Nasdaq end higher as tech strength outweighs Fed concernsASX to rise, Wall Street renews rally; gold, silver stocks in focus – AFRInvestors set to reignite yield curve steepening if fiscal worries worsenIMF chief says global economy doing 'better than feared,' risks remainFrance's Macron will appoint new prime minister in next 48 hoursMarkets face 'sharp correction' if mood sours on AI or Fed freedom, Bank of England saysFed last month saw rising risks to job market, bu...
The ASX 200 closed down 9 points at 8948 (-0.1%) in listless trade. Industrials remain under pressure, WES off 2.2% and ALL down 1.3% with retail falling as APE dropped 2.0%. Tech also in the doldrums, WTC falling another 0.4% and XRO off 1.7%. The All-Tech Index down %. TLS slid 1.0% and REA down again. Banks eased slightly with NAB down 0.4% and the Big Bank Basket down to $287.45 (-0.4%). MQG falling again. REITs off, GMG down 0.7% and GPT down %. Resources holding up, but mixed. BHP down ...
The S&P 500 struggled on Tuesday, bogged down by a drop in Oracle shares amid investors’ worries about the profitability of the artificial intelligence rollout. Wall Street also looked for more developments out of Washington with the U.S. government shutdown in its second week. The broad market index pulled back 0.38% to close at 6,714.59, snapping a 7-day winning streak, while the Nasdaq Composite fell 0.67% to finish at 22,788.36. The Dow Jones Industrial Average fell 91.99 points, or 0...
The ASX 200 slipped 25 points to 8957 (-0.3%) in a mixed session. Banks clawed back early losses, CBA unchanged and the Big Bank Basket at $287.46 (%). Financials were a little mixed, ASX fell 1.4% and CGF rose 2.4%. GQG fell 6.1% as tech rallied in the US. GQG is not a fan of AI strategy. Industrials eased, ALL down 1.3% and WES falling 1.3% with retailers under a little pressure. MYR unchanged as Lew moved to another 3% of the company. Tech slipping still, XRO down 0.2% and WTC falling 2.8%...
S&P 500, Nasdaq reach all-time closing highs on AI dealmaking boostASX to rise, AMD paces tech rally on Wall Street – AFRWhite House says no shutdown-related layoffs yet, but warns they could comeUS unemployment claims rise moderately amid labor market freezeTalks begin in Egypt on Trump plan to end Gaza warTrump imposing new 25% large truck tariff starting Nov. 1Euro zone inflation risk declining but ECB cut still possible, policymakers sayBOJ keeps cautiously upbeat economic view, warns...
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Wall Street had a mixed session on Friday night. Dow Jones up 239 points to a new record high. S&P 500 flat. Nasdaq 0.3%. All three indices losing morning gains to close near the low. The US government shutdown prevented the release of nonfarm payrolls data but a survey by the Institute for Supply Management showed a fourth consecutive month of contraction, keeping hopes of further rate cuts alive. Mixed sector performance. Healthcare led, strong week from the sector, as pharmaceutical co...
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