Pre-Market Podcast Wednesday
Wall Street closed higher overnight, led by the NASDAQ amid excitement about AI before earnings reports from tech mega-cap companies after the bell.
Wall Street closed higher overnight, led by the NASDAQ amid excitement about AI before earnings reports from tech mega-cap companies after the bell.
ASX 200 closed up 62 points to 7402 (+0.9%), hitting a five-month high, while the Aussie dollar and bond yields fell on softer-then-expected inflation data.
The Dow Jones led US markets higher overnight and notched its 11th straight session of gains, its longest winning streak in six years.
MARKET AT MIDDAY The ASX 200 is up 19 points to 7325 (+0.3%) driven by gains on Wall Street overnight. The materials sector performing particularly well, bouncing back from a previous sell-off, with BHP Group (BHP) +3.9%, Fortescue Metals (FMG) +4.7%, and Rio Tinto (RIO) +4% all showing gains. Iron ore futures on the Singapore exchange also increased by 0.9% to $US113.65 a tonne. Energy stocks continuing…
ASX 200 closed up 33 points to 7340 (+0.5%), snapping a two-day decline, led by miners and energy stocks.
The Dow Jones managed to inch higher, gaining 3 points, marking its tenth consecutive day of advances and its longest rally in nearly six years
ASX finishes the week down 11 points at 7314 (-0.15%) for 11-point rise for the week. Narrow range again.