MARKET AT MIDDAY The ASX 200 is down 59 points to 7136 (-0.8%), sliding to a 5-week low as earnings reports and the release of July jobs data push the market lower. Telstra (TLS) led the communications sector down, dropping 2.6% as Instructure sale called off. Lithium stocks, healthcare, and technology sectors all declining, with Pilbara Minerals (PLS) -3.1%, Core Lithium (CXO) -22%, Resmed (RMD) -4.1%, Sonic Healthcare (SHL) -5.1%, Xero (XRO) -1.9%,…
ASX 200 closed down 49 points at 7146 (-0.7%) as China and US worries weighed.
US equity markets fell sharply overnight after stronger-than-expected retail sales data showed continued consumer resilience which stoked concerns that interest rates could stay higher for longer. Dow Jones fell 361 points (-1.02%). Dow at worst down 399 points. S&P 500 down 1.16%, falling below its 50-DMA for the first time in more than three months, halting a…
Does anyone know what a "Wedge" is? Trying a bit of a new format. Shorter and punchier to the point – leaving me free to expand on STOCK TAKES and the PORTFOLIOS, I hope. Looking for Feedback on the MEMBERS PODCAST – do you listen – even if you don't, what would interest you in…
US equity markets fell sharply overnight after stronger-than-expected retail sales data showed continued consumer resilience which stoked concerns that interest rates could stay higher.
MARKET AT MIDDAY The ASX 200 is down 109 points to 7197 (-1.5%), echoing the sell-off on Wall Street. The decline was led by drops in the materials, financials, and tech sectors. BHP Group (BHP) experienced a 2.5% fall, Fortescue Metals Group (FMG) fell 2.1%, and Rio Tinto (RIO) dropped 2.1%. Technology was not far behind, with Computershare (CPU) dropping 3.0% after results release last night. Commonwealth Bank (CBA)…
Blood on the streets on the ASX 200 today, market down 110 points to 7195 (-1.5%), posting its biggest drop in six weeks. REITs put up some resistance following solid earnings reports VCX +2.4%, MGR +5.3% and SCG +1.5%. Energy stocks fell, as crude oil fell for a third day after a drop in US…
