Wall Street moves sideways as investors look to Fed. Stocks drift lower, US yields rise but growth outlook dims. ASX to fall, Wall Street edges higher, Arm downgraded. UAW strike against automakers enters third day, no resolution seen. Fed unlikely to raise rates in November, says Goldman Sachs.
ACTION TODAY I am adding AWC to the IDEAS PORTFOLIO on the open. SUMMARY FOMC,…
The ASX 200 began the week on a negative note, trading lower all day, down…
SPI Futures down 41 but the Resources held up in the US – the sell off on Wall St was very much a Tech thing.
The ASX 200 began the week on a negative note, trading lower all day, down 49 points to 7230 (-0.7%), giving up some of Friday’s gains. SPI Futures were down 41 this morning. ASX Index changes came into effect today. All sectors finished in the red. Tech stocks weighed heaviest on the index tracking the NASDAQ overnight and were further pressured by higher bond yields, XRO down 4.1%, WTC off 2.5% and SQ2 down 1.7%. All-Tech Index down 2.0%. Iron ore giants showed resilience, BHP and RIO finishing up. The strength strecthed beyond iron ore today to S32 up 0.9% and new trade AWC up 1.5%. Gold prices held steady near six-mo
SPI Futures down 41 in a Tech led sell-off on Wall St. The Resources held up. We have a busy week of Central Bank Meetings ahead.
We are 4.62% below the post-pandemic high and up 1.14% from the pre-pandemic high. We've…
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