G'day, mooers! Check out the latest news on today's stock market! • Wall Street drop • KAR, tech stocks fall • Stocks to watch: Karoon Energy, WiseTech, Xero Wall Street Summary Indexes closed a little higher but trended downward for the fifth session in a row. U.S. Treasury yields climbed for a second day, finishing at nearly at 5%. The$S&P 500 Indextraded -0.22%. The$Dow Jones Industrial Averageclimbed a...
The $XJO #ASX200 was 'oversold' and made two higher highs, rising off fresh lows. This is a positive technical sign, that bad news could be behind us. But I am not that convinced about the ASX200's two-day move just yet. As it seems the market could still be vulnerable (remember we still need to erase those Fed cuts that everyone expected), so exercise caution if you are a short term investor or trader. But,...
G'day, mooers! Check out the latest news on today's stock market! • Wall Street traded unevenly • ASX sell-off continues; BoQ, gold miners surge • Stocks to watch: Rio Tinto, Bank of Queensland's, Lynas Rare Earths Wall Street Summary Indexes traded unevenly on Tuesday. Treasuries rose after Powell said rates would have to stay in place longer, leading to a drop in stocks. The$S&P 500 Index(.SPX.US)$traded -0.21% at the time of wri...
The S&P/ASX200 dropped 129.50 points or 1.67% to 7,623.00, setting a new 20-day low. It briefly erased its 2024 gain. The index has lost 2.57%% for the last five days but is virtually unchanged over the last year to date. US inflation jitters, elevated geopolitical risk and patchy economic data from China are all having an impact on the markets. The bottom-performing stocks in this index are The Star Entertainment Group Ltd and Paladin Energy Ltd ...
Last nights stronger than expected US retail sales data (following on from the stronger than expected jobs data) is yet another reminder that the economy is stronger than thought. And maybe the Fed does not even need to cut rates at all. We have been saying markets would probably rub out rate cut expectations. It's happening ...
THEWIZARD :
Rate cuts, earnings ... Small things. Middle East events and the actions of their usual groups of instigators - These are the real deals. Will check back on this post, in 2 weeks and 2 months for the reality of the market.
ColumnsAU Morning Wrap: KAR Falls After Lowering Its Guidance for Total Production in 2024; Tech Stocks Slip
• Wall Street drop
• KAR, tech stocks fall
• Stocks to watch: Karoon Energy, WiseTech, Xero
Wall Street Summary
Indexes closed a little higher but trended downward for the fifth session in a row. U.S. Treasury yields climbed for a second day, finishing at nearly at 5%.
The $S&P 500 Index traded -0.22%. The $Dow Jones Industrial Average climbed a...
ColumnsAU Evening Wrap: Australia Shares Rise 0.5% Amid Large-Cap Gains
• Top losers: $Mercury NZ Ltd(MCY.AU)$, $ResMed Inc(RMD.AU)$, $Evolution Mining Ltd(EVN.AU)$
Market Performance
Australia's $S&P/ASX 200(.XJO.AU)$ closed 0.5% higher at 7642.1, snapping a run of five straight losses amid strength in shares of the country's large miners and banks. The benchmark index shrugged off a s...
ColumnsWhy the ASX200 is rising off fresh lows and what higher unemployment means when investing
But I am not that convinced about the ASX200's two-day move just yet. As it seems the market could still be vulnerable (remember we still need to erase those Fed cuts that everyone expected), so exercise caution if you are a short term investor or trader.
But,...
How quick markets figured out how 💩 really is!
Left = Post 20-Mar FOMC (uber dovish)
Right = 17-Apr (post Mar CPI, JPow hawkish flip)
Assume 90% min = 1st cut JUN24 ➡️ JAN25 💥
Same period RBA = OCT24 ➡️ JAN25 💥
Biggest DUH! in market history!? 🤔 $S&P/ASX 200(.XJO.AU)$
$Rio Tinto Ltd(RIO.AU)$$BHP Group Ltd(BHP.AU)$$CommBank(CBA.AU)$$Appen Ltd(APX.AU)$
ColumnsAU Evening Wrap: Australia Shares Fall 0.1% in Fifth Straight Loss
• Top losers: $Boral Ltd(BLD.AU)$, $Boss Energy Ltd(BOE.AU)$, $James Hardie Industries PLC(JHX.AU)$
Market Performance
Australia's $S&P/ASX 200(.XJO.AU)$ closed 0.1% lower at 7605.6, notching its longest losing streak since mid-January amid weakness in commodity stocks. The benchmark index rallied from an early slip only to dro...
ColumnsAU Morning Wrap: ASX Sell-Off Continues; BoQ, Gold Miners Surge
• Wall Street traded unevenly
• ASX sell-off continues; BoQ, gold miners surge
• Stocks to watch: Rio Tinto, Bank of Queensland's, Lynas Rare Earths
Wall Street Summary
Indexes traded unevenly on Tuesday. Treasuries rose after Powell said rates would have to stay in place longer, leading to a drop in stocks. The $S&P 500 Index(.SPX.US)$ traded -0.21% at the time of wri...
ColumnsBye bye bears? Hello bulls. Bloomberg thinks bearish drivers are behind us and bulls will return to markets
Well, I just put this out.... saying. why markets could be higher in two weeks. So maybe DON'T PANIC. Here's what you need to know about the S&P500, ASX200, potential top performers, how to read the tea leaves
...
ColumnsAU Evening Wrap: Australia Shares End 1.8% Lower, Led by Consumer Discretionary Sector
• Top losers: $Boss Energy Ltd(BOE.AU)$, $Liontown Resources Ltd(LTR.AU)$, $IGO Ltd(IGO.AU)$
Market Performance
Australia's $S&P/ASX 200(.XJO.AU)$ closed 1.8% lower at 7612.5, with losses across all sectors pushing the benchmark to its lowest close in almost two months.
The consumer discretionary sector led the...
The ASX has trimmed a sharp fall this afternoon.
US inflation jitters, elevated geopolitical risk and patchy economic data from China are all having an impact on the markets.
The bottom-performing stocks in this index are The Star Entertainment Group Ltd and Paladin Energy Ltd ...
ColumnsWhy markets could be higher in two weeks. So maybe DON'T PANIC. Here's what you need to know about the S&P500, ASX200, potential top performers, how to read the tea leaves
We have been saying markets would probably rub out rate cut expectations. It's happening ...
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