I love charts, particularly when they show one of my stocks going from bottom left to top right. Charts give such an incredibly clear picture of what has happened to a stock’s share price over time. A picture is worth a thousand words as they say. I use charts all the time to help with buy and sell…
Wall Street finished slightly lower overnight after initial jobless claims data pointed to a resilient labour market. The Dow Jones flatlined, down 10 points (-0.03%). Up 45 points at best. Down 188 points at worst. The S&P 500 fell 0.13% but remains above its 200-day moving average, while the NASDAQ fell 0.12%, posting 24 new…
The Dow Jones Industrial Average lost 9.98 points, or 0.03%, to close at 33,119.57. The S&P 500 dipped 0.13% at 4,258.19, and the Nasdaq Composite traded down 0.12% to end at 13,219.83.
Energy is this week’s biggest loser, followed by the beaten-down utilities sector. Both sectors are down 5.9% and 4%, respectively.
Weekly Jobless Claims came in at 207,000 for the week ending Sept. 30, up just 2,000 from the prior week’s numbers. Economists had forecasted 210,000.
Updates 11.52am – HK Portfolio UMG has just announced a deal with the French at 500c. Will get the green or red light on or close to next Thursday. In the weekend edition, I will run through the NCM deal as it draws to a close in the next few weeks. It was never part of the…
Our member exclusive podcast – Everything you need to know about the stock market, every day.
Make life simple. Invest with Marcus Today.
SUMMARY For Whom the Bell Tolls – The bell has rung at the bottom for one day, it's not enough. But it's interesting. See the ASX 200 chart. Same levels as the March low. Coming up – Jobs number tonight. CPI number next week. Fed Minutes and the US results season. Some big quality industrials…
ASX 200 rose 29 points to 6954 (+0.4%) ahead of NFPs tonight. Banks led the charge higher with the Big Bank Basket at $175.74 (+1.2%). CBA up 1.1%, with WBC the standout, up 2.1%. Insurers rallied, QBE up 2.7%, and MQG doing better up 0.5%, but MFG fell 18.5% on lower FUM numbers again. REITs…
ASX 200 rose 29 points to 6954 (+0.4%) ahead of NFPs tonight. Banks led the charge higher with the Big Bank Basket at $175.74 (+1.2%). CBA up 1.1%, with WBC the standout, up 2.1%. Insurers rallied, QBE up 2.7%, and MQG doing better up 0.5%, but MFG fell 18.5% on lower FUM numbers again.
ASX 200 was up but has faded. A bit of Bond market relief kicked off by a 5% fall in the oil price has helped but not much.
ASX 200 shrugged off early indifference to push off the 6900 level to close at 6925, up 35 points (+0.5%). Banks and industrials leading the bounce from oversold levels. The Big Bank Basket rose to $173.59 (+0.9%). CBA up 0.9%, and NAB up 0.7%. Insurers steadied, fund managers found their feet, and MQG up 1.1%.…
