Market updates


 ASX 200 to fall over 4%; S&P falls into bear market

ASX 200 to fall over 4%; S&P falls into bear market

June 14, 2022 08:02 AM AEST| By Ashish

Highlights The Australian share market is expected to start the week on a muted note. According to the latest SPI futures, the ASX 200 is poised to open massive 296 points or 4.3% lower on Tuesday. On Wall Street, the Dow Jones fell...

 S&P in bear market as stocks resume losses; COIN, RIOT fall sharply

S&P in bear market as stocks resume losses; COIN, RIOT fall sharply

June 14, 2022 06:56 AM AEST| By Rupam Roy

US stocks resumed their selloff on Monday, June 13, after a sharp fall in the previous session on inflation woes as investors braced for the Fed's third installment of interest rate hikes this week. The S&P 500 fell 3.88% to 3,749.63. The Dow Jo...

 Wall Street falls sharply after CPI data; DOCU, NFLX plummet

Wall Street falls sharply after CPI data; DOCU, NFLX plummet

June 11, 2022 07:04 AM AEST| By Rupam Roy

US indices closed the week sharply lower on Friday, June 10, after the latest CPI data showed inflation surged at an annual pace of 8.6% in May, triggering a panic selloff in growth stocks. The S&P 500 fell 2.91% to 3,900.86. The Dow Jones decre...

 ASX 200 sets new 50-day low, extends yesterday’s selloff to close 1.25% lower

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 Payal

Highlights 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

ASX 200 to fall; Wall Street tumbles ahead of inflation data

June 10, 2022 07:57 AM AEST| By Ashish

Highlights 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

US stocks close lower ahead of inflation data; BABA, FCEL, FIVE decline

June 10, 2022 07:12 AM AEST| By Rupam Roy

Wall 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

ASX 200 to fall; Wall Street slips ahead of inflation data; oil rises

June 09, 2022 07:53 AM AEST| By Ashish

Highlights 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

Tech stocks drag Wall Street lower as rate woes weigh; INTC, AMZN fall

June 09, 2022 07:24 AM AEST| By Rupam Roy

US 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

ASX 200 rebounds, up 0.36%; all sectors barring financials contribute to gains

June 08, 2022 06:35 PM AEST| By Priyanka Payal

After 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

ASX 200 to open higher; Wall Street rises in broad rally

June 08, 2022 07:52 AM AEST| By Ashish

Highlights 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

US stocks recover after Target's (TGT) margin warning; KSS, PLAY surge

June 08, 2022 06:52 AM AEST| By Rupam Roy

US 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

ASX 200 bleeds as RBA’s decision to raise interest rates lowers investor sentiment

June 07, 2022 06:25 PM AEST| By Priyanka Payal

Highlights 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

Weighed by tech stocks, ASX 200 closes 0.5% lower

June 06, 2022 06:21 PM AEST| By Sukriti

Highlights 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

Materials, tech stocks help ASX 200 register 3rd straight weekly gains

June 03, 2022 06:49 PM AEST| By Sukriti Nair

Highlights 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

ASX 200 to rise; Rio Tinto, BHP in focus as iron ore prices soar

June 03, 2022 07:56 AM AEST| By Ashish

Highlights 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

Wall Street edges higher as mega-cap gains; MSFT, CHWY stocks rally

June 03, 2022 07:11 AM AEST| By Rupam Roy

Benchmark 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

ASX 200 to fall, Wall Street dips on interest rate outlook

June 02, 2022 07:53 AM AEST| By Ashish

Highlights 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

Wall Street starts June in red after jobs data; CRM, VSCO rise

June 02, 2022 07:03 AM AEST| By Rupam Roy

US 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

ASX 200 gains 0.8% buoyed by telcos, financials; lithium stocks suffer

June 01, 2022 06:49 PM AEST| By Sukriti Nair

Highlights 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

ASX 200 to fall as Wall Street dips; all eyes on GDP data

June 01, 2022 07:52 AM AEST| By Ashish

Highlights 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...

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