ASX 200 rose 24 points to 8100 (+0.3%) having hit close to an all-time high and backed off. Banks sold off as resources rose. It was the turn of iron ore and gold miners to rally hard. FMG up 4.8% and BHP bouncing 2.1%. MIN up another 0.8% with gold miners hitting their straps. NST up 4.1% and EVN up 7.2% with DEG up 7.0% and GMD rising 2.3%. Lithi…

US equities rose overnight after PPI data reinforced expectations for a 25bps cut by the Fed next week. The Dow Jones finished near session highs, up 235 points (+0.58%). Up 246 points at best. Down 196 points at worst. The S&P 500 gained 0.75%, with all sectors ending higher and the NASDAQ rose 1.0%, with Nvidia +1.9% leading gains in chipmakers, …

ASX 200 kicked 88 points higher to 8076 ahead of ECB decision. Best day in three weeks. Back to within 72 points of an all-time high. Uranium and lithium stocks leading the charge. Gains across the board. Resources recovering as shorts getting squeezed hard, BHP the exception as it went Ex-Dividend. RIO up 1.9% and FMG up 2.2%. Lithium stocks saw a…

All three major US indexes closed higher overnight, with a rebound in tech stocks offsetting earlier losses following a disappointing inflation report, which crushed hopes for a 50bps cut from the Fed next week. Wide range from Dow overnight. Up 167 points at best. Down 744 points at worst. Finishing up 125 points (+0.31%). The S&P 500 gained 1.07%…

ASX 200 closed down 24 points to 7988 (-0.3%) as banks fell and resources rose. CBA led the falls down 1.9% with the Big Bank Basket down to $242.11 (-1.3%). MQG and other financial suffered a similar fate after falls in the banking sector in the US. REITS were slightly weaker with GMG up 1.1% bucking the trend after NXT raised another $750m for an…

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Wall Street kicked off the week higher with all three major indexes gaining over 1%, buoyed by bargain hunting following last week's sharp sell-off. Attention now shifts to this week's CPI data for more clues on the size of the Fed rate cut. The Dow Jones gained 484 points (+1.2%). Up 655 points at best. The S&P 500 rose 1.16% snapping a five-day l…

ASX 200 rallied back from early losses to close only 25 points down at 7990 (-0.3%). No follow through this morning as resources found some bargain hunters and banks eased only slightly. The Big Bank Basket dropped to $245.27 (-0.5%). Losses across the financials, MQG off 0.6% and insurers falling, QBE down 0.4% and SUN down 1.3%. REITS were positi…

US equities finished the week on a negative note, weighed down by concerns over a slowing labor market and a tech sell-off. All three major indexes finished lower, with almost all sectors in the S&P 500 finishing in the red. S&P 500 lost 1.73%, falling for a fourth consecutive session and the NASDAQ slid 2.55% dragged down by heavy losses in the Ma…

ASX 200 continued to push slightly higher to 8013 up 31,(0.4%) as once again we saw banks rally to record highs and resources fall to depressing lows. CBA hit a record up 1.5% with the Big Bank Basket up to $246.10 (+1.5%). MQG kicked 2.4% on its Airtrunk win, Insurers doing well, QBE up 1.5% and SUN rallying 1.4%. REITs also doing well as bond yie…

The S&P 500 dipped 0.3% to end at 5,503.41, while the Dow Jones Industrial Average lost 219.22 points, or 0.54%, to settle at 40,755.75. The Nasdaq Composite gained 0.25% to finish at 17,127.66, after rising as much as 1.2% earlier in the session. Private payrolls data showed the weakest growth since 2021, heightening fears of a slowing labor marke…

ASX 200 rose 32 points with a late spurt to 7982 (+0.4%). Gains were modest as Michele Bullock poured yet more cold water on any rate cuts this year in a speech. Banks were again the strength. CBA up 1.0%, NAB up 1.5% and the Big Bank Basket up to $242.68 (+1.3%). MQG rallied 1.3% with other financials doing well. CGF dropped 11.0% on news Apollo w…

US equities closed mixed following a choppy trading session as treasury yields slumped on jobs data and Nivida extended its two-day sell-off to 11%. The Dow edged higher, up 38 points (+0.09%). Up 236 points at best. Down 96 points at worst. S&P 500 and NASDAQ closed lower, down 0.16% and 0.30%, respectively dragged down by losses in Energy and Tec…

ASX 200 fell 153 points to 7951 (-1.9%) as all sectors suffered after big US and Asian falls. GDP coming in tepid at best did not help sentiment either. Resources were in the seller’s sights with iron ore majors under serious pressure, The Three Amigos showing big losses and FMG falling 8.5% ex dividend too. Lithium and uranium stocks were smacked …

US equities slumped overnight, recording its worst day since the August 5th meltdown driven by economic concerns and a tech selloff. The S&P 500 lost 2.12%, and the NASDAQ 100 fell 3.15%, their worst start to September since 2015 and 2002. September being one of the markets' historically worst-performing months. The Dow traded lower all session end…

ASX 200 fell 7 points to close at 8103 (-0.1%). Pre-US trade resuming after the Labor Day holiday. Once again, the banks pushed up, and resources fell down. The Big Bank Basket rose to $245.06 (+1.0%). Other financials did well. MQG was up 1.3% on news that it has sold AirTrunk for $23.5bn. Insurers were solid, too. QBE up 0.8% and SUN better by 1.…

US Markets closed for Labor Day. SPI up 4, eyes record again. Commodities ease. Iron ore down nearly 4% to $97. 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.由Marcus Today

ASX 200 rose 18 points to 8113 (0.2%) heading to an all-time high as banks shook off early nerves and sauntered higher. Failed to hold the record. CBA up 1.6% and NAB up 1.3% with the Big Bank Basket up to $242.68 (1.4%). MQG rose 0.6% and insurers also doing well, QBE up 0.9% and SUN up 0.8%. REITs are also in demand, SGP up 0.8% with industrials …

The S&P 500 ended the final session of the week higher with a late spike. The latest batch of data pointed to an ever-resilient US consumer, potentially slowing the pace of rate cuts. Dow +0.6%; S&P +1% Nasdaq +1.1%. The benchmark S&P 500 finished August with a 2.3% gain for the month. It’s now up 18.4% so far this year and is within 0.4% of the al…

ASX 200 finished the week up 47 points to 8092 (+0.6%). For the month we are unchanged! Coincident? Pushed at close too. Solid gains across the board, banks as usual heading higher, CBA up 0.5% and the Big Bank Basket hitting new records, up to $239.31 (+0.6). Insurers also did well as yields rose. QBE up 0.6% and SUN up 1.1% with SQ2 bounding 3.1%…

The Dow Jones managed a 0.6% gain, enough for its third all-time high since Monday. The Nasdaq composite, which is heavily weighted with technology stocks, slipped 0.2%. It had been up 1.3% in the early going. ASX SPI up 51 - Results - TPG - APX - DOW Copper and aluminium extend losses on weak Chinese demand and rising inventories. Gold gains nearl…

ASX 200 fights back to be down only 26 points to 8048 (-0.3%). Plenty of R&R today. Results and resources. Banks were firm as usual. The playbook remains the same even as CEOs appear in Canberra. CBA up 0.2% and NAB striding ahead with a 0.6% gain. The Big Bank Basket up to $237.86 (+0.4%). Other financials also slightly firmer, with MQG up 0.7% an…

The Nasdaq Composite fell 1.12% to close at 17,556.03, while the S&P 500 slipped 0.6% to end at 5,592.18. The Dow Jones Industrial Average lost 159.08 points, or 0.39%, settling at 41,091.42. Nvidia reported after the bell. ASX to fall. SPI Futures down 22 points (-0.27%) Gold falls on firmer dollar as US data takes spotlight. Iron ore retreats fro…

The ASX200 has finished the day flat as the market recovered 62 points from a midday dip. The monthly inflation number initially spooked our market with a reading of 3.5% vs 3.4% expected. Down from 3.8% in June. It was a mixed session, with 5 of the major sectors finishing in the green while 5 finished in the red (healthcare flat). Why not sign up…

The S&P 500 rose slightly on Tuesday as investors looked ahead to a major earnings report later this week. The broad market index gained 0.16% to close at 5,625.80, while the Nasdaq Composite crept 0.16% higher to end at 17,754.82. The Dow Jones Industrial Average rose 9.98 points, or 0.02%, to end at 41,250.50, its second record close in a row. AS…

ASX 200 fell 13 points to 8071 (+0.2%) as some results fatigue set in. Banks slipped from lofty heights, with CBA off 1.0% and NAB falling 1.0%, with the Big Bank Basket down to $234.90 (0.8%). Insurers dipped, financials were also in the doldrums, with MQG off 0.5% and ASX down 1.7%. REITS mixed but drifted to the downside, GMG bounced 1.2% from a…

US equities were mostly lower in Monday trading, though ended a bit off worst levels. S&P 500 and Nasdaq both lower after weekly gains of over 1% last week with help from a Friday rally. Breadth positive as equal-strength S&P posted just off Friday's record close. However, cap-weighted index weighed down by big tech as NVDA and TSLA gave back some …

ASX 200 rose 61 points to 8076 (+0.8%) as uranium and US leads helped sentiment. Banks once again taking the market higher, CBA up 1.5% and NAB up 2.2% with the Big Bank Basket up to $236.90 (1.6%). MQG rose 1.0% with a mixed picture in insurers. NHF fell 17.7% on disappointing results. REITs were better though GMG fell 0.5% as tech stocks came und…

Global markets rallied overnight on comments from Fed Chair Powell that the “time has come” to start cutting rates. This had been expected by markets for over a month now but did represent the first official shift in policy from the Fed since rates started rising in March 2022. New information, regarding timing and quantity of rate cuts remains an …

ASX 200 limped into the Jerome show losing 3 points to 8024. Kamala Harris in ‘da house’ too. Up 0.8% for the week. Resources gave back some of the week’s gains, BHP down 0.7%, FMG off 2.0%, with lithium and rare earths under pressure again although modest by recent moves. Gold miners slipped as bullion fell, NST down 0.3%, and EVN off 0.7%. Oil an…

The S&P 500 pulled back on Thursday as investors readied for a speech by Federal Reserve Chair Jerome Powell at the central bank’s annual Jackson Hole conference. S&P slipped 0.89% to close at 5,570.64. The Dow Jones ended down 177.71 points, or 0.43%, at 40,712.78. The Nasdaq shed 1.67% to close at 17,619.35 as technology stocks were sold off. ASX…

ASX 200 rose another 17 points to 8027 (+0.2%) as Super Thursday produced a head-spinning deluge. Again, some good, some bad, and some very ugly. MP1 for one down 21.0%. Once again, we saw resources outperform banks slightly. The 'Three Amigos' were firm, FMG the best, up 2.0% and lithium stocks a smidge firmer, PLS up 2.0% and LYC up another 1.3%.…

The Nasdaq Composite climbed 0.57% to 17,918.99, also clinching its ninth positive day of 10. The Dow Jones Industrial Average ticked up by 55.52 points, or 0.14%, to finish at 40,890.49 for its sixth winning day of the last seven. The Russell 2000 outperformed, with the small cap-focused index climbing more than 1%. FOMC minutes suggested a rate c…

ASX 200 fought back from early losses to close up 13 points at 8011. Positive results and outlooks driving buyers. Pretty good considering CBA was ex-dividend today 250c. The Big Bank Basket lost 1.5% to $233.10. MQG unchanged, and insurers and other financials weaker. QBE down 1.6%. REITs mixed, GMG down 3.6% and GPT up 1.5%. Tech stocks boosted b…

The Dow Jones Industrial Average slid 61.56 points, or 0.15%, to 40,834.97. The S&P 500 slid 0.2% to 5,597.12, while the Nasdaq Composite shed 0.33% to 17,816.94. Tuesday’s declines snapped eight-day winning streaks for the S&P 500 and Nasdaq, the first positive periods of that length for each since late 2023. If the S&P 500 had finished Tuesday up…

ASX 200 limped along with a 17-point rally to 7997 (+0.2%). Results in focus again. Some good, some bad and some ugly. Banks were mixed with a capital update from ANZ, up 0.6% and CBA better by 0.3%. The Big Bank Basket is steady around $236.73. Insurers mixed, SUN up 3.1% and NWL better on results. REITs slipped, GMG down another 1.4%, as DXS fell…

The Dow Jones Industrial Average added 236.77 points, or 0.58%, to finish at 40,896.53. The S&P 500 rose 0.97% to close at 5,608.25, while the Nasdaq Composite jumped 1.39% and ended at 17,876.77. The S&P 500 and Nasdaq notched their eighth straight winning day, a first for both indexes in 2024. Last week saw the biggest gains for the three indices…

ASX 200 managed a small 9-point rise to 7976 (0.1%) as results dominated. WBC off to a promising start, up 2.5% its 3Q update beating estimates, the Big Bank Basket rose yet again to $236.30 (1%). Other financials mixed, MQG lost 0.1% as it launched a $1bn hybrid issue. SUN up 1.3% on results. REITs mixed, GMG down 1.3% with GPT firing 1.7% higher.…

Wall Street closed out the week higher in an uneventful day of trade. The S&P 500 and NASDAQ rose for their seventh consecutive session advancing 0.20% and 0.21% as most megacaps gained, with Nivida leading the charge, up 1.4%. The Dow Jones finished 97 points higher (0.24%). Up 163 at best. Down 109 points at worst. Small firms Russell 2000 rose 0…

ASX 200 roars 106 points ahead to 7971 (1,.3%) up 2.5% for the week, to finish 30 points above where we were two Fridays ago. Results and reactions the focal point with US strength helping all sectors. NAB with 3Q trading update helped the sector, CBA up 2.,4% and the Big Bank Basket up to $233.86 (2.0%). Insurers also in demand with QBE and SUN up…

Stocks rallied on Thursday as investors regained confidence in the economy following encouraging consumer and labor data that helped ease recession worries. The Dow Jones Industrial Average leaped 554 points, or 1.39%, to end the day at 40,563.06. The S&P 500 closed up 1.61% at 5,543.22, for its sixth straight gain. The broad market index has advan…

ASX 200 gave up its gains to be up only 15 points to 7866 (0.2%) after being skewered by jobs data and iron ore prices in Singapore. Economic data showed the jobs market was still tight despite the headline number rising to 4.2%. Iron ore slid again in Singapore on Chinese steel news, BHP fell 1.0% and RIO was off 3.6%, including its dividend. FMG …

The NASDAQ and S&P 500 finished 0.03% and 0.38% higher, extending their winning streak to five sessions. US Inflation data reassured the markets the Fed would start cutting rates next month. The Dow advanced 243 points (+0.61%). Up 303 points at best. Down 28 points at worst. Small firms Russell 2000 eased 0.52%, and the VIX dropped 12.53% as senti…

ASX 200 rose another 24 points to 7851 (+0.3%) as iron stocks fell hard on Asian price falls. BHP, RIO and FMG dragging the index back from 7910 high. BHP down 2.8% and FMG crashing 4.6%. Iron ore futures in Singapore sank a further 2.3% to $US96.25 a tonne. Other resource sectors pulled lower. Lithium tried hard to rally, but PLS was unchanged and…

Wall Street closed higher overnight, hitting a two-week high after soft PPI data reinforced bets of rate cuts in September. The S&P 500 climbed 1.68%, clocking its biggest four-day rally this year, led by tech stocks. Starbucks was the top-performing stock in the index, rallying 24.5% after appointing Chipotle head Brian Niccol as chairman and CEO.…

ASX 200 rose 13 points to 7827 (+0.2%) in quiet cautious trade ahead of US PPI tonight. Results are once again the focal point. Solid numbers from TPW and good guidance helping the retail sector again, with JBH up 4.0% on broker upgrades, PMV rose 1.2% and HVN pushing 1.9% ahead. Banks, as always were the beating heart of the market, with CBA up 1.…

US equities ended mixed overnight after a choppy day of trade. The Dow slipped 141 points (-0.36%). Up 90 points at best. Down 246 points at worst. The S&P 500 finished unchanged after two straight days of gains last week, rebounding from last Monday's sharp sell-off that shook markets around the globe. Tech-heavy NASDAQ rose 0.21%, and the Russell…

ASX 200 rose 36 points to 7814 (+0.5%) in quiet trade. Just for a change, banks led the market higher, as we wait for CBA numbers on Wednesday. The Big Bank Basket rose to $222.96 (+0.8%). Other financials were also firm: QBE and SUN were up around 0.9% and 1.4% respectively, with MQG up 1.3%. REITS eased back slightly, with the exception of GMG, w…

Wall Street ended the week on a calmer note in an uneventful day of trade. The S&P rose 0.47%, almost regaining all its losses since Monday's sharp sell-off, triggered by the unwinding of yen-funded carry trade and fears of a recession. The Dow edged higher, up 51 points (+0.13%). Up 182 points at best. Down 216 points at worst. The NASDAQ gained 0…

ASX 200 closes up 96 points to 7777 (+1.2%) still down 2% for the week. Resources took up the baton in the ‘repechage’. Gains in iron ore in Singapore brought buyers back in. BHP up 1.6%, and RIO up 2.0%. Lithium stocks also bounced, with PLS doing well, up 3.0%, as MIN rallied 1.5% and S32 up 3.9%. Gold miners bounced back, NST up 1.2%, and WAF up…