US equities close in the red overnight for the third straight day as a global bond market selloff intensified and tamped down enthusiasm for tech stocks. Dow ended near worst levels, down 291 points (-0.84%). Dow at best up 123 points. Dow at worst down 325 points. S&P 500 and Nasdaq fell 0.77% and 1.17%,…
ASX 200 fights back to close up 2 points at 7148 after a wobbly start.
Wall Street ended lower overnight night after the FOMC minutes showed bank officials were divided over the need for more interest rate hikes at their last meeting. Dow Jones down 181 points (-0.52%). Up 187 points at best. Down 189 points at worst. S&P 500 off 0.76%, slumping for a second day in a row,…
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.
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…
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…
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)…
US markets finished a choppy session higher on Monday. The Dow edged higher, up 26 points (+0.07%). Dow at best up 54 points. Dow at worst down 111 points. Big tech drove the S&P 500 and NASDAQ higher, +0.58% and +1.05%, respectively, boosted by a 7.1% jump in Nvidia after Morgan Stanley named Nvidia the…
