The ASX 200 has finished the day down 81 points or 0.9%. Ending on the session low as the midday inflation linked sell-off continued into the close. Financials worst as yesterday’s Big Four rally evaporated. Banks down between 1.4% and 3.2%. MQG down 1.8%. Insurers escaped, most flat. Stock market stocks mixed but mostly down. GQG flat. PTM -2.1%. HUB -3%. Health Care, Discretionary Stocks and Tech stayed under pressure. CSL down 1.3%. PME and TLX reversing strong sessions yesterday. Both dow...
Wall Street recorded a negative session, ending three days of record high closes, following a Powell speech where he left the door open to further rate cuts while emphasising the Fed had to balance inflation concerns with a weakening labour market. S&P 500 down 0.55%, Nasdaq fell 0.95%. Dow jumped in the first fifteen minutes of trading but fell from there. Closed near low, down 89 points. Mixed sector performance. Cyclicals and Tech led the sell off, with Amazon falling 3.0% and Nvidia d...
The ASX 200 rallied another 35 points to 8846 (0.4%). Gold once again the star of the show with good gains again in the sector. NST up 3.2% and GGP up 4.4% some of the stand outs. LYC had a great day following an ASA Presentation up 8.0%. Other critical metal and rare earth stocks also finding friends. ILU up 3.4% and VUL up 3.3%. Iron ore stocks mixed, FMG gave back some of the gains from yesterday down 1.1%. Oil and gas stocks slid, STO down 0.9% with uranium stocks doing better again today...
Wall Street recorded a third straight session of record high closes, as AI sentiment boosted the market. Shrugging off Trump’s weekend bombshell of $100,000 fees for future H-1B visas, which much of the sector relies on. Tech instead focused on news of Nvidia’s $100Bn investment into OpenAI, boosting the chipmaker by 3.9%, and Wedbush’s price target rise for Apple (+4.3%) given strong demand signs for the iPhone 17. S&P 500 up 0.4%, Nasdaq rose 0.7%. Dow steadily rose in the first hour of...
The ASX 200 rose 37 points to 8811 (0.4%) as gold miners and iron ore players rallied hard. BHP up 1.0%, FMG flying up 3.2% with gold miners impressive. NEM up 4.7% and NST rallying hard up 8.2% with EVN up 6.3%. Stand outs GMD up 13.9%. Uranium stocks also firmed, NXG up 5.7% and PDN rising 4.7%. Lithium stocks a little depressed. Oil and gas mixed, VEA fell 8.1% on management changes, STO up 0.4% on a broker upgrade. Industrials were on the sidelines mainly, WES fell 0.2%, ALL up 0.2% and r...
Wall St finished last week with another gain in a largely uneventful session. Big Tech leading all three major indices to fresh record highs. S&P 500 up 0.5% on heavy volume. Nasdaq up 0.72%. Dow Jones up 173 points. Traders digesting the monetary policy outlook as Stephen Miran justified his FOMC vote. The lone 50bp dissenter argued a neutral interest rate (neither tight nor loose) is the correct setting for an economy with ‘no inflation risk’ – prompting a debate over relaxation of the ...
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Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you’re looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services. Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better inve...
The ASX 200 has finished the day down 73 points or 0.8%. Midday rally fizzling out despite US futures rallying. Weaker than expected jobs number not having any impact. Energy stayed worst with STO down 11.9%, WDS down 6.3% and KAR down 3.5%. STO closing 3% below its pre-bid price from June. Utilities, Industrials and Financials next. ORG down 2.6%. TCL down 2.3%. Banks flat save for the CBA down 2.3%. Asset managers GQG, MFG (broker downgrade) and PTM down while wealth platforms HUB and NWL r...
Wall Street recorded a choppy and mixed session as the Fed cut rates by the expected 25bps and Powell signalled a further two rate cuts this year, citing a weakening labour market while acknowledging continued inflation risks. S&P 500 down 0.1%, Nasdaq fell 0.3%. Dow rose at open and began meandering, higher and then lower, following Powell’s speech, returning and stabilising at the level prior to Powell’s comments. Closed mid-range, up 260 points. Mixed sector performance. Financials the...
The ASX 200 fell 59 points (-0.7%) in quiet pre-Fed trade. Banks eased back with NAB and WBC giving up recent gains with the Big Bank Basket down to $283.10 (-0.4%). Wealth managers also slid, MQG down 1.1% and HUB off 1.3% with SOLDA rising for a second day. Insurers also under pressure, QBE down 0.6% and SUN off 1.5%. REITs fell too led by SCG down 2.2% and GMG off 0.9%. Industrials mixed, WES fell 1.9% and LNW dropping 2.4% as FLT fell 2.7% and CTD announced further delays in the accounts....
Wall Street recorded another quiet session. Down slightly as nerves kicked in ahead of the Fed rate decision tomorrow – widely expected to cut by 25bps. S&P 500 down 0.13%, Nasdaq fell 0.07%. Dow dropped at open, found a little strength from noon onwards. Closed mid-range, down 126 points. Mixed sector performance. Utilities worse performer, down 1.8%, followed by Materials and REITS. Energy was the best performer, following oil upwards as Ukraine hit more Russian supplies. Cyclicals the ...
The ASX 200 rose 25 points in quiet trade to 8878 (0.3%) ahead of the Fed. Banks were mixed again, CBA down 0.3% and NAB and WBC up again. The Big Bank Basket flat at $284.23 (-0.1%). Wealth managers bounced slightly, MQG up 1.0% and NWL rising 1.5%. First day of trade for SOLDA the new look SOL/BKW entity. REITS slipped slightly, SCG down 0.5% and VCX off 0.8%. Industrials were mixed, retail better except SUL as its CEO was sacked, down 4.3%. CPU rallied 2.3% and REH rose 2.8%. Tech rose aga...
Wall Street recorded a positive, quiet session, with the S&P 500 and the Nasdaq reaching intraday highs. Markets in wait and see until the Federal Reserve’s next policy meeting on September 17th. S&P 500 up 0.5%, Nasdaq up 0.9%. Dow rose throughout the first hour, then fell below its opening but recovered by the finish. Closed mid-range, up 49 points. Mixed sector performance. Growth sectors like Tech and Cyclicals led the gains, both rising 1.0% or more, boosted by Tesla and Alphabet...
The ASX 200 fought back from earlier steeper losses to close down only 12 points at 8853 (0.1%). Banks held firm with ANZ copping a massive $240m fine from ASIC for dodgy conduct over the years. The Big Bank Basket fairly flat at $284.41 (). Wealth managers eased back, HUB fell 2.8% with NWL down 3.1% and SOL falling 5.2% on its last day of trade before merger. REITs generally firm with SGP up 0.6% and BWP up 2.2%. Healthcare remains in ICU with CSL falling another 1.6% and RMD down 1.4%. Ind...
Wall St closed mixed Friday as traders digested the week’s economic news. Gains limited by concerns of the market being overstretched and getting ahead of itself on the rate cut front. Focus on next week’s Fed meeting and Powell’s commentary. S&P 500 flat, closing on the low. Nasdaq up 0.44%. Dow down 274 points. Nasdaq outperformed this week. Up 2% vs the S&P 500 up 1.6%. Discretionary Stocks, Utilities and Tech up overnight, everything else down. Nasdaq boosted by Microsoft. Up 1.8%...
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Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you’re looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services. Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.
The ASX 200 has finished the day down 25 points or 0.3% in a very quiet session. Close to what futures indicated as selling in Health Care increased and Banks failed to bounce. CSL continues to disappoint. Textbook case of bad results setting a new downtrend. PME managed to rally and finish up 0.6%. TLX back down 4.4% after looking encouraging yesterday. NEU worst, down 7.5% off lows. 4DX best. Up 18.9% as volatility returns. Big Four banks mixed but all down. CBA escaped most damage down 0.5...
Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you’re looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services. Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.