AU Morning Wrap: ASX powers up, tech explodes higher
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• Wall Street rallied late paring most losse
• Australian shares opened higher on Friday; ASX 200 up 1 per cent
• Stocks to watch: Australian Strategic Materials, Ventia Services
- moomoo News AU
• Wall Street rallied late paring most losse
• Australian shares opened higher on Friday; ASX 200 up 1 per cent
• Stocks to watch: Australian Strategic Materials, Ventia Services
- moomoo News AU
Wall Street Summary
US stocks took investors on another wild ride as financial markets continued to factor in a series of aggressive rate hikes to control inflation.
The $Dow Jones Industrial Average(.DJI.US$ closed with a loss of 104 points or 0.33 per cent after rising as much as 80 points and falling more than 500 points. The decline was the blue-chip average’s sixth in a row. The $S&P 500 Index(.SPX.US$ eased five points or 0.13 per cent. The $Nasdaq Composite Index(.IXIC.US$ swung late in the session to a gain of seven points or 0.06 per cent.
AU Market Watch
Australia's S&P/ASX 200 looks set to add to its losses at the open after inflation worries weighed on U.S. equities. ASX futures are down by 0.5%, suggesting the benchmark index will increase its 3.7% deficit so far this week. The ASX 200 lost 1.75% on Thursday, with a rout of tech stocks and falls across all 11 sectors. It has dropped 8.6% since April 21, putting it close to correction territory.
Australian shares opened higher this morning. The $S&P/ASX 200(.XJO.AU$ gained 1 per cent to 7012 as of 10:28 am.
US stocks took investors on another wild ride as financial markets continued to factor in a series of aggressive rate hikes to control inflation.
The $Dow Jones Industrial Average(.DJI.US$ closed with a loss of 104 points or 0.33 per cent after rising as much as 80 points and falling more than 500 points. The decline was the blue-chip average’s sixth in a row. The $S&P 500 Index(.SPX.US$ eased five points or 0.13 per cent. The $Nasdaq Composite Index(.IXIC.US$ swung late in the session to a gain of seven points or 0.06 per cent.
AU Market Watch
Australia's S&P/ASX 200 looks set to add to its losses at the open after inflation worries weighed on U.S. equities. ASX futures are down by 0.5%, suggesting the benchmark index will increase its 3.7% deficit so far this week. The ASX 200 lost 1.75% on Thursday, with a rout of tech stocks and falls across all 11 sectors. It has dropped 8.6% since April 21, putting it close to correction territory.
Australian shares opened higher this morning. The $S&P/ASX 200(.XJO.AU$ gained 1 per cent to 7012 as of 10:28 am.
Stocks to Watch
$Australian Strategic Materials Ltd(ASM.AU$: Australian Strategic Materials has requested to be on trading halt until May 17 pending an announcement. Its share price fell to a one-year low of $5.2 on Thursday before closing at $5.26.
$Ventia Services Group Ltd(VNT.AU$: Infrastructure giant Ventia Services has told managers it is “imperative” to minimise costs, and executives should reject claims from suppliers and sub-contractors trying to recoup rising prices.
Ex-dividend Companies: $Janus Henderson Group PLC(JHG.AU$
Dividends paid Companies: $Vita Group Ltd(VTG.AU$
Commodities
• Iron ore prices dipped to US$130.2 a tonne.
• Oil prices refuse to go down, even in the face of inflation and global growth concerns.
• Gold is breaking down after another strong move by the US dollar.
Source: Dow Jones Newswires, AFR
$Australian Strategic Materials Ltd(ASM.AU$: Australian Strategic Materials has requested to be on trading halt until May 17 pending an announcement. Its share price fell to a one-year low of $5.2 on Thursday before closing at $5.26.
$Ventia Services Group Ltd(VNT.AU$: Infrastructure giant Ventia Services has told managers it is “imperative” to minimise costs, and executives should reject claims from suppliers and sub-contractors trying to recoup rising prices.
Ex-dividend Companies: $Janus Henderson Group PLC(JHG.AU$
Dividends paid Companies: $Vita Group Ltd(VTG.AU$
Commodities
• Iron ore prices dipped to US$130.2 a tonne.
• Oil prices refuse to go down, even in the face of inflation and global growth concerns.
• Gold is breaking down after another strong move by the US dollar.
Source: Dow Jones Newswires, AFR
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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