The blue-chip average is down around 470 points, or 1.4%, on Tuesday. The Dow last performed worse on March 22, when the index slid 530 points or 1.6%.
The S&P 500 slid 1.37%, touching its lowest level since June during the session and closing at 4,229.45. The tech-heavy Nasdaq dropped 1.87% to end at 13,059.47 as growth stocks saw some of the biggest losses.
Welcome to our latest podcast with John Abernethy the Chairman on the Clime Investment Management Group
John is a seasoned Economist and long-time Value Investor with forty years of experience in Funds Management and the stock market. In this podcast John talks to Marcus about a host of subjects, including ‘Higher for Longer’, can we ever get back to a 10% risk free rate of return, AI, the Housing Market, Lithium, Consumer sectors, Resources, plus his World Cup prediction, Work from Home opinion and a few long term stock tips for good measure. Enjoy!
SUMMARY The Trend is not our Friend. Cash still King. Government shutdown relief short-lived as…
ASX 200 fell another 90 points to 6943 (1.3%) after weak leads from overseas and…
Dow declined 74.15 points, or 0.22%, to 33,433.35. The S&P 500 inched higher by 0.01% to close at 4,288.39. The Nasdaq Composite added 0.67% to close at 13,307.77 and notch its fourth consecutive positive day.
The yield on the 10-year Treasury topped 4.7% at its session high, marking its highest level since October 2007.
Technology, communications services and consumer discretionary were the only positive sectors in the broad market index.
The market down over 100 points as the Resources sector folds up, the Gold price falls, the Lithium stocks crater and the A$ drops 1% as the RBA beckons.
ASX 200 fell another 90 points to 6943 (1.3%) after weak leads from overseas and bond yields pushing higher. RBA leaves cash rates unchanged in Bullock’s first meeting.
US markets ended mixed on the first trading day of Q4, following Friday’s mixed weekly…
SMALL CAP PORTFOLIO 2.45pm Updates RBA leaves rates unchanged and the statement reads like the…
The Dow Jones Industrial Average retreated on Friday as investors followed the latest news about a potential government shutdown and ended what has been a tough month for stocks. The Dow lost 158.84 points, or 0.47% to finish at 33,507.50, led down by Travelers Companies.