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ASX 200 fell 67 points to 7814 (-0.9%) as broad-based losses after a huge run yesterday. Index up 0.84% this week. Banks eased back despite an 8.2% run in BEN after results beat expectations. The Big Bank Basket fell to $210.47 (-0.6%). MQG dropped 1.3%, and other financials under pressure. Insurers slid, QBE down 1.5% and SUN off 0.2%. MPL dropped 2.2% as hacking concerns remain. REITs under pressure today, with GMG down 1.1% and GPT falling 2.9%. Healthcare was whacked, CSL down 2.4% and SH...
The Dow Jones Industrial Average closed slightly lower Thursday after briefly jumping above 40,000 for the first time. At its high of the day, the blue-chip average reached 40,051.05, the culmination of a bull market that began in October 2022.Ultimately, the 30-stock Dow ended the day down 38.62 points, or 0.1%, closing at 39,869.38. The S&P 500 fell 0.21%, closing at 5,297.10. The Nasdaq Composite finished the day lower by 0.26%, ending at 16,698.32.The Dow has climbed nearly 6% in 2024...
ASX 200 jumped 128 points (+1.7%) to 7881 as good US CPI and better-than-expected local jobs data created a tsunami of buying in large caps. Big banks closed higher, CBA was up 1.9% to fresh highs, and the Big Bank Basket was up to $211.81 (+2.0%), close to a record high. NAB the standout up 2.4%. MQG also doing well up 2.9%, with insurers and financials rallying hard. QBE up 1.0% and SUN up 0.8% with MPL under another hacking cloud down 0.5%, but it seems it was not them this time. REITS scr...
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ASX 200 finishes up 27 points to 7754 (+0.4%), basking in a warm post-budget glow. The main driver of the advance was retail stocks and BHP, which was buoyed by talk it may just walk from Anglo discussions. Up 2.2%. Some budget winners in focus today, with some of the critical metal stocks finding some friends, although gains were muted in the end. Gold miners slightly better, with NST up 0.4% and PRU up 2.2%. Lithium stocks took the cue from better prices overseas, PLS up 0.3% and LTR rising...
Wall Street ended higher overnight, near best levels in another lower volume trading session leading into CPI results tomorrow. Markets shrugged off a mixed reading on producer inflation, and Powell signalled that interest rates will be higher for longer. Dow +127 points (+0.32%). Up 185 points at best. Down 60 points at worst. S&P 500 gained 0.48%, just a few points away from its record, and the NASDAQ rose 0.75%, closing at record high, with Tesla +3.3% and Nvidia +1.1% leading gains in...
ASX 200 closed down 23 points at 7727 (0.3%). Sloppy quiet markets across the board with banks down modestly. The Big Bank Basket unchanged at $207.93. ANZ fell 0.7% with MQG falling 0.1% and insurers down on lower yields, QBE off 1.3% and SUN off 1.3%. REITs dropped led by GMG down 0.8 % with SCG off 1.0% with VCX falling 0.8%. Industrials weaker but no real damage, TCL down 1.8% with COL off 1.2% and SVW down 3.1% as it increased its BLD shareholding to close to 92%. ALX saw IFM lift its ho...
The 30-stock Dow posted its first losing session in nine at the end of Monday’s regular trading session, snapping what had been its longest daily win streak since December. The S&P 500 inched lower by 0.02%. The Nasdaq Composite was the outperformer, rising roughly 0.3%.S&P 500 barely changes as investors hold tight ahead of inflation data.Fed to cut rates in September, say nearly two-thirds of economists.Israeli forces press Gaza offensive from north and south.ASX to slip, S&P 50...
ASX 200 rose 1 point to 7750 in quiet pre-budget trade. Narrow trading range with banks weaker as ANZ and MQG went Ex Dividend. The Big Bank Basket up to $208.05 (+0.5%). Insurers tickled higher QBE down 0.1% and SUN up 0.4% with REITS slightly lower, GPT off 0.7% and SCG down 0.6%. Industrials mixed, WOW up 1.0% but REA off 1.6%, SVW fell 2.4% and WES up 0.8%. Tech stocks mixed too XRO down 1.9% with WTC up 0.7% and the All-Tech Index down 0.6%. In resources, BHP pushing higher as FMG fell 0...
Wall Street closed narrowly mixed after fresh data showed consumer sentiment fell to a six-month low and short-term inflation expectations picked up. Dow up 125 points (+0.32%), marking its eighth consecutive gain, S&P 500 rose 0.16%, and the NASDAQ ended marginally lower, off 0.03%. For the week, Dow +2.16%, S&P 500 +1.85%, and NASDAQ +1.14%. Q1 reporting season in the US is nearing the finish line. Of the 459 companies in the S&P 500 that have reported, 77% exceeded expectations...
ASX 200 finished up 27 points at 7749 (+0.4%) for a 1.6% rise this week. Bargain hunting from oversold levels in the banks and industrials after the rout yesterday drove the market higher. The Big Bank Basket up to $207.10 (+0.7%). WBC rebounded 1.3% with ANZ up 1.0%. MQG followed US Investment banks higher up 1.2%, other financials better, SOL up 1.2%, and MFG up 1.9%. REITs rallying again, GMG down 0.3 % with SCG up 0.3%. Industrials mixed. TLS rallied 0.6%, REA up 1.4% on broker upgr...
Dow jumped 331.37 points, or 0.85%, to close at 39,387.76 and notch its longest win streak since a nine-day run in December. The S&P 500 added 0.51% to close at 5,214.08, while the Nasdaq Composite gained 0.27% and ended at 16,346.26.ASX to rise. SPI Futures up 23 points (+0.30%). A bond auction met with strong demand helped drive yields lower on Thursday.Base metals higher across the board on a weaker USD and soft labour data. Copper +0.32%, Nickel +1.47%, Aluminium +0.71%, Zinc +0.66%, ...
ASX 200 retreats significantly as bank weakness, retail woes and commodity issues pushed us down 83 points to 7722 (1.1%). CBA fell 2.2% on quarterly update, WBC crashed on ex-dividend down 5.6% with the Big Bank Basket down to $205.72 (-2.4%). MQG was a patch of green with REITs off too, GMG falling 1.67%, MGR falling 1.0%. Insurers steady QBE up 0.6% and SUN better as yields rallied to 4.35%. Flight to safety. Healthcare under pressure, CSL down 1.0% with RMD falling 2.3% and tech off as WT...
US equities finished mixed overnight in another low-volume trading session. The Dow extended its winning streak to six days, the longest since December, advancing 172 points. Dow up 210 points at best. Dow down 69 points at worst. The S&P 500 ended muted, remaining below the 5,200 snapping its four sessions of gains, while the NASDAQ fell 0.18%, pressured by losses in Tesla -1.7% on an autopilot probe, and Intel -2.2% after announcing its sales would take a hit after the US revoked some o...
ASX 200 trades quietly up 11 points at 7805 (+0.1%) after a great day yesterday. Banks stalled close to record highs, NAB fell 0.5%, with ANZ up 1.2% on broker upgrades, MQG unchanged with the Big Bank Basket up to $210.71 (+0.4%). Financials mixed as PPT cratered 7.1% after a strategic review presentation. REITs better, although GMG fell 0.3% on an update, SGP up 1.1% with industrials slightly firmer, REA up 0.8% with TCL up 1.4% and WOR pushing ahead 1.2%. Tech seeing a late surge, the All-...
US stocks closed edged higher overnight, just finishing above the flatline in a fairly uneventful day of trade. The Dow rose 32 points (+0.08%), rising for its fifth consecutive session its longest winning streak since December 2023. Dow up 125 points at best, and down 12 points at worst. S&P 500 briefly hit 5,200, finishing 0.13% higher, marking a four-day winning streak, while the NASDAQ slipped 0.10% in late afternoon trade. Treasury yields eased a touch, while the $58bn 3Y note auctio...
ASX 200 charges 111 points ahead to 7793 (1.4%). Banks leading the charge higher as ANZ reports and announces a $2bn buyback and NAB goes ex-dividend by 84c. The Big Bank Basket up 1.3% to $209.82. MQG jumped 2.5% as the Equities Conference kicks off with no bad news so far. Early days. Insurers and other financials picked up too, QBE up 0.9% and SUN up 0.6%. REITs also back in demand across the sector with GMG up 1.2% and SCG up 1.6%. Industrials firmed too, WOW up 1.4% and WES continuing to...
The Dow Jones Industrial Average climbed 176.59 points, or 0.46%, to close at 38,852.27. It was the fourth consecutive winning session for the 30-stock index. The S&P 500 advanced 1.03% to end at 5,180.74, and the Nasdaq Composite gained 1.19% to reach 16,349.25.ASX to rise. SPI Futures up 38 points (+0.49%).London’s LME closed overnight for the Early May Bank Holiday.Gold +0.88%.Oil prices edged higher as ceasefire talks between Hamas and Israel failed to materialise. WTI +0.56% an...
ASX 200 puts on another 53 points to 7682 (0.7%). Banks firing up with the Big Bank Basket up to $207.14 (+1.3%) with WBC up 2.7% reporting in line and a special dividend and an increased buyback. MQG is finding some broker love, up 1.5%, and Insurers are weaker as yields fall. MFG with FUM numbers unchanged and GQG continuing higher. REITs doing ok, GMG sees buyers on increased data estimates, up 4.4%. Industrials mixed with WES up 1.2% after an investor day last week, WOW and COL still stru...