AU Morning Wrap: U.S. stocks closed higher following a choppy session; ASX opened higher
G'day, mooers! Check out the latest news on today's stock market!
• U.S. stocks closed slightly higher following a choppy session
• Australia shares opened higher on Tuesday; ASX 200 up 0.59 per cent
• Stocks to watch: Uniti, Crown
- moomoo News AU
• U.S. stocks closed slightly higher following a choppy session
• Australia shares opened higher on Tuesday; ASX 200 up 0.59 per cent
• Stocks to watch: Uniti, Crown
- moomoo News AU
Wall Street Summary
US stocks shrugged off a possible recession signal from the bond market amid tentative optimism about the resumption of Russia-Ukraine ceasefire negotiations and as a retreat in energy prices once again soothed inflation worries.
The $S&P 500 Index(.SPX.US$ overcame mid-session weakness to finish with a gain of 32 points or 0.71 per cent. The $Nasdaq Composite Index(.IXIC.US$ put on 186 points or 1.31 per cent. The $Dow Jones Industrial Average(.DJI.US$, last of the three major indices to turn positive, trailled with a rise of 95 points or 0.27 per cent.
AU Market Watch
Australia's $S&P/ASX 200(.XJO.AU$ is poised to open higher following a positive lead by US stocks. ASX futures are up by 0.55%, suggesting the benchmark index could be on course for a sixth consecutive gain. That would be its longest winning streak since late December. Gains of energy, materials, financial and tech stocks have pushed the ASX 200 up 5.15% so far in March, which is shaping up as its strongest month since November 2020.
Australia shares opened higher this morning. The $S&P/ASX 200(.XJO.AU$ gained 0.59 per cent to 7456 as of 10:34 pm.
Stocks to Watch
$Uniti Group Ltd(UWL.AU$: Uniti Group has received a revised indicative proposal from a consortium comprising HRL Morrison & Co and Brookfield Infrastructure to acquire Uniti for cash consideration of $5 per share, via a scheme of arrangement.
$Crown Resorts Ltd(CWN.AU$: Blackstone has received confirmation from the Foreign Investment Review Board (FIRB) that the Commonwealth government has no objection to its proposed acquisition of Crown.
Ex-dividend Companies: $Southern Cross Electrical Engineering Ltd(SXE.AU$
Dividends Paid Companies: $Northern Star Resources Ltd(NST.AU$, $Australian Pharmaceutical Industries Ltd(API.AU$, $BlueScope Steel Ltd(BSL.AU$, $Grange Resources Ltd(GRR.AU$
Commodities
• Iron ore prices were mostly unchanged.
• Oil prices sharply as ceasefire talks takes some heat out of the market.
• Gold is down almost -2% as investors continue to return to risk-assets.
Source: Dow Jones Newswires, Market Index
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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