ASX 200 gives back 93 points, back down to 7586 (+1.2%) on US FOMC news and profit-taking after an end-of-month rally sent stocks to all-time highs. Banks that have led the market higher taking a hit, with the Big Bank Basket down to $196.69 (-2.4%). CBA dropped 2.9%, and NAB down 2.2%, the most targeted.…
US stocks fell on FOMC monetary policy decision.
The S&P 500 fell 1.61%, the Nasdaq 100 declined 2.23% and the Dow Jones lost 317 points.
US equities mixed overnight. Tech results in focus.
The NASDAQ fell 0.76%.
The S&P 500 closed unchanged, down 0.06%,
The Dow finished near session highs
SUMMARY Some consolidation in FANG expected after Google and Microsoft drop after hours. WDS humming along. Oil up after Aramco limits production. Comms Sector hits a 52-week high. TLS slowly moving higher. Iron Ore falls on more Chinese property concerns. BHP still in downtrend. US finanicals outperform while tech lags. Good for MQG. NWL prints…
US equities finished mixed overnight. The NASDAQ fell 0.76% ahead of Microsoft and Google's quarterly results after the closing bell. The S&P 500 closed nearly unchanged, down 0.06%, near the previous day's all-time closing high, while the Dow finished near session highs, up 134 points (+0.35%). US 10Y Treasury yields remained near two-week lows as…
ASX regrouped after an early swoon jumping 81 points to 7681 (+1.1%). The CPI number turned things around coming in below forecast and pointing to zero chance now of a rate rise. Rate cuts could be sooner rather than later. Looked like some month end window dressing helping things along too. Banks continue to lead the market…
ASX regrouped-after an early swoon jumping 81 points to 7681 (1.1%). Record close.
CPI and month end buying cheer.
Banks continue to lead the market
We have come within 0.5 points of the record all-time high on the ASX 200 for the sixth time – can we break it?
Sold MP1
Lithium revival perhaps?
Is the ASX due to pullback?
What has a pink SUP got to do with inflation?
Fund manager’s biggest mistakes.
All time high, now or never. Busy week – Fed, Big Tech Results, US Jobs, Australian inflation. Tech Bets looking good – FANG. Woodside picking up nicely in Ideas Portfolio. REA Group kicking goals. India – a Theme for 2024. GOR – The Perils of Individual stocks.
