AU Morning Wrap: ASX Gains; Xero Plunges 8%
G'day, mooers! Check out the latest news on today's stock market!
• Healthcare stocks led gains
• ASX gains; NAB rebounds
• Stocks to watch: NAB, Xero
- Moomoo News AU
• Healthcare stocks led gains
• ASX gains; NAB rebounds
• Stocks to watch: NAB, Xero
- Moomoo News AU
Wall Street Summary
Major stock indexes ended mostly higher Wednesday, building on a long run of gains.
The $S&P 500 Index(.SPX.US$ added 0.1%, notching an eighth-straight session in the green. The $Nasdaq Composite Index(.IXIC.US$ also added 0.1%, now higher on nine consecutive days, its longest winning streak in two years. The $Dow Jones Industrial Average(.DJI.US$ slipped 0.1%, or 40 points.
AU Market Watch
Australian shares are extending gains at the open of trading on Thursday, shrugging off a volatile session on Wall Street on concerns about the global economy and interest rates.
The $S&P/ASX 200(.XJO.AU$ edged up 0.3 per cent to 7014.6 and the All Ordinaries also rose 0.3 per cent.
Healthcare stocks led gains with heavyweight $CSL Ltd(CSL.AU$ nearly 1 per cent. Financials, energy and tech stocks fell in the red.
Stocks to Watch
$National Australia Bank Ltd(NAB.AU$ reversed early losses to be up 0.4 per cent after it lifted cash profit by 8.8 per cent to $7.7 billion for the 2023 financial year and boosting its final dividend to 84¢ a share. It also pointed to a “more challenging environment”.
$Challenger Ltd(CGF.AU$ rallied 1.7 per cent after expanding its business ties with an origination agreement with Apollo Global Management.
$Xero Ltd(XRO.AU$ plunged 8 per cent even though it swung to net profit of $NZ54.1 million ($50 million) for the half year.
Trading ex-div: $Westpac Banking Corp(WBC.AU$ – $0.72, $Acorn Capital Investment Fund Ltd(ACQ.AU$ – $0.04, $Waterco Ltd(WAT.AU$ – $0.05
Dividends paid: $Dexus Industria REIT(DXI.AU$ – $0.04, $Dexus Convenience Retail REIT(DXC.AU$ – $0.05
Listing: None
Economic calendar (AEDT):
12:30 pm: China Inflation Rate
6:00 am: Fed Chair Powell Speech
Source: Dow Jones Newswires, AFR
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment