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Market updat
ASX 200 sets new 50-day low, extends yesterday’s selloff to close 1.25% lower
June 10, 2022 06:22 PM AEST| By Priyanka PayalHighlights Setting a new 50-day low, ASX 200 closed this week's trading 1.25% lower at 6,932.00 points. All the eleven sectors closed lower, A-REIT leading losses. Investor sentiments were dented due to the weak performance of US stocks and Eu.....
ASX 200 to fall; Wall Street tumbles ahead of inflation data
June 10, 2022 07:57 AM AEST| By AshishHighlights The Australian share market is expected to end the week in the red. According to the latest SPI futures, the ASX 200 is likely to open 58 points or 0.8% lower. On Wall Street, the Dow Jones fell 1.9%, the S&P 500 slipp...
US stocks close lower ahead of inflation data; BABA, FCEL, FIVE decline
June 10, 2022 07:12 AM AEST| By Rupam RoyWall Street’s main indices closed lower on Thursday, June 9, as rising bond yields and downbeat sentiments over a possible adverse CPI data due this week weighed on the mega-cap growth stocks. The S&P 500 fell 2.38% to 4,017.82. The Dow Jo...
ASX 200 to fall; Wall Street slips ahead of inflation data; oil rises
June 09, 2022 07:53 AM AEST| By AshishHighlights The Australian share market is expected to open lower on Thursday. According to the latest SPI futures, the ASX 200 is likely to open 53 points or 0.75% lower. On Wall Street, the Dow Jones fell 0.8%, the S&P 500 slipp...
Tech stocks drag Wall Street lower as rate woes weigh; INTC, AMZN fall
June 09, 2022 07:24 AM AEST| By Rupam RoyUS stocks drifted lower on Wednesday, June 8, pulled down by technology shares as inflation, rising oil prices, and rate woes weighed on investors’ sentiment ahead of May CPI data. The S&P 500 fell 1.08% to 4,115.77. The Dow Jones was down...
ASX 200 rebounds, up 0.36%; all sectors barring financials contribute to gains
June 08, 2022 06:35 PM AEST| By Priyanka PayalAfter the Reserve Bank of Australia’s (RBA) surprise yesterday of raising interest rates by 50 basis points, investors seem to be speculating additional tightening of monetary policy by the Federal Reserve with an announcement of rate hike li.....
ASX 200 to open higher; Wall Street rises in broad rally
June 08, 2022 07:52 AM AEST| By AshishHighlights The Australian share market is expected to rebound on Wednesday. According to the latest SPI futures, the ASX 200 is likely to open 54 points or 0.75% higher. On Wall Street, the Dow Jones rose 0.8%, the S&P 500 surge...
US stocks recover after Target's (TGT) margin warning; KSS, PLAY surge
June 08, 2022 06:52 AM AEST| By Rupam RoyUS stocks bounced back to close higher on Tuesday, June 7, after starting in the red on a downbeat retail outlook following Target Corp's (TGT) margin warning for the second quarter. The S&P 500 rose 0.95% to 4,160.68. The Dow Jones was up 0.80%...
ASX 200 bleeds as RBA’s decision to raise interest rates lowers investor sentiment
June 07, 2022 06:25 PM AEST| By Priyanka PayalHighlights ASX 200 closed 53% lower at 7,095.70 points today. All 11 sectors ended lower, contributing to losses in the overall market. Investor sentiment seemed dented by RBA's decision to raise interest rates by 50bps to combat inflation. .....
Weighed by tech stocks, ASX 200 closes 0.5% lower
June 06, 2022 06:21 PM AEST| By SukritiHighlights At market close, ASX 200 fell 0.5%, or 32.5 points, to 7206.3. While the market was weighed down by losses in the technology sector, energy sector was the strongest performer. Equities in Asian markets make a sluggish start to the w.....
Materials, tech stocks help ASX 200 register 3rd straight weekly gains
June 03, 2022 06:49 PM AEST| By Sukriti NairHighlights ASX 200 rose 0.9% to finish the week 0.8% higher buoyed by Technology and Material stocks The ASX 200 index opened on a positive note, rising over 1% in opening trade, but as trade progressed, gains faded Investors remain cautious a.....
ASX 200 to rise; Rio Tinto, BHP in focus as iron ore prices soar
June 03, 2022 07:56 AM AEST| By AshishHighlights The Australian share market is poised to end the week on a positive note. According to the latest SPI futures, the ASX 200 is likely to open 80 points or 1.1% higher. On Wall Street, the Dow Jones rose 1.3%, the S&P 50...
Wall Street edges higher as mega-cap gains; MSFT, CHWY stocks rally
June 03, 2022 07:11 AM AEST| By Rupam RoyBenchmark US indices closed higher on Thursday, June 2, lifted by gains in mega-cap stocks after Fed Vice Chair Lael Brainard outlined the central bank’s short-term rate strategy. The S&P 500 rose 1.84% to 4,176.82. The Dow Jones was up 1....
ASX 200 to fall, Wall Street dips on interest rate outlook
June 02, 2022 07:53 AM AEST| By AshishHighlights The Australian share market is poised to fall on Thursday. According to the latest SPI futures, ASX 200 is likely to open 56 points or 0.8% lower. On Wall Street, the Dow Jones fell 0.55%, the S&P 500 dropped 0.75%, an...
Wall Street starts June in red after jobs data; CRM, VSCO rise
June 02, 2022 07:03 AM AEST| By Rupam RoyUS stocks closed the first trading day of June in the negative territory on Wednesday as the latest economic data provided mixed signals, which didn’t help ease investors’ rate fears. The S&P 500 was down 0.75% to 4,101.23. The Dow J...
ASX 200 gains 0.8% buoyed by telcos, financials; lithium stocks suffer
June 01, 2022 06:49 PM AEST| By Sukriti NairHighlights Australian share market overcame a speedy decline for lithium miners to edge higher, gaining 22.80 points or 0.32% to 7,234.00. Top three biggest declines among blue chips were lithium producers- Pilbara Mine.....
ASX 200 to fall as Wall Street dips; all eyes on GDP data
June 01, 2022 07:52 AM AEST| By AshishHighlights The Australian share market is expected to fall once again on Wednesday. According to the latest SPI futures, the ASX 200 is likely to open 34 points or 0.5% lower. On Wall Street, the Dow Jones fell 0.7%, the S&P 500...
Wall Street retreats after Biden-Powell talks; DXCM, AUY, UL rally
June 01, 2022 07:06 AM AEST| By Rupam RoyUS stocks closed lower on Tuesday, May 31, after an extended weekend break for the Memorial Day festivities as traders turned their attention to President Joe Biden’s talks with Federal Reserve Chairman Jerome Powell on inflation. The S&P...
ASX 200 sheds 1.03% as tech, telco and banking stocks lead losses
May 31, 2022 06:39 PM AEST| By Sukriti NairDP numbers. After Monday’s glittery opening, the ASX 200 witnessed a quick turnaround today. The benchmark index dropped 1.03% to 7,211.20 and traced below its 125-day moving average. Though in the last five days, the index has gained 1.16...
ASX 200 to fall; oil soars; market awaits economic data
May 31, 2022 07:55 AM AEST| By Ashishay. The Australian share market is likely to inch lower on Tuesday after witnessing broad gains for two straight sessions, while global sentiments were lifted with further easing of COVID-19 curbs in China. According to the latest SPI futures...
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