Market Update: Dow Jones Industrial Average Ended Higher Even Though Worries Prevail

  • Jan 16, 2019 AEDT
  • Team Kalkine
Market Update: Dow Jones Industrial Average Ended Higher Even Though Worries Prevail

It can be assumed that the fears of the global economic slowdown are still looming over the minds of the global market players. The unfavourable export and import data of China have also increased the worries about the slowdown. However, it can be said that the sentiments of the global market participants got supported after there were expectations that the Chinese economy would be supported by their officials. Moreover, it can be said that the support from the Chinese officials is very much needed at this point in time as the slowing Chinese economy could disrupt the global growth momentum.

Also, the market players need to remember that the earnings season with respect to the US companies is also in progress hence, the movements of the US markets would largely be dependent upon the earnings season. On January 15, 2019, Netflix (NASDAQ: NFLX) had ended the session on a strong note as the stock closed at US$354.64 per share which implies the rise of US$21.70 or 6.52%. Yesterday, JPMorgan Chase (NYSE: JPM) released the results for the quarter ended December 2018 which were weaker than expected by the market players. On January 15, 2019, Dow Jones Industrial Average ended the session at 24,065.59 which implies the rise of 155.75 points or 0.65%.

Will Oil Prices Cheer Up Investors Moving Forward?

The oil prices have been quite volatile largely because of the worries related to the global economic growth as well as other macro-economic concerns. Since the market players are aware that the oil prices are also dependent upon the financial markets, any unfavourable trade-war related news has the potential to disrupt the oil markets. If the worries about the global economic downturn rise, it would significantly impact the oil prices. Not so long ago, the oil prices were under the pressure of the worries about the slowdown as well as increased supply. Moving forward, the oil prices would largely be sensitive to the macro-economic news.

Australian Markets Closed Higher

The Australian markets closed the session higher today. On January 16, 2019, S&P/ASX200 closed the day at 5835.2 which implies the rise of 20.6 points or 0.4%. It can be assumed that the Australian markets might have benefited from the positive Dow Jones Industrial Average. The stocks like Ausdrill Limited (ASX: ASL) and Bingo Industries Limited (ASX: BIN) have ended the sessions on the positive note as these stocks have witnessed the rise of 8.511% and 7.389%, respectively. On the other hand, the stocks like Iluka Resources Limited (ASX: ILU) and Alumina Limited (ASX: AWC) had closed today’s session in red as these stocks have fallen 4.768% and 3.376%, respectively.

Navigator Global Investments (ASX: NGI) had come forward and made an announcement about the update related to the investment performance as well as AUM for the December 2018 quarter. In order to read the full news, please click here. Also, Lucapa Diamond Company Limited (ASX: LOM) had made an announcement about the update related to quarterly activities as well as cash flow.

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.


All pictures are copyright to their respective owner(s) does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK