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Market updates
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...
ASX 200 ends 1.45% higher amid broad market rally, Tech stocks lead gains
May 30, 2022 06:55 PM AEST| By Sukriti NairASX200 has commenced the new week on an encouraging note, gaining 1.45% to close at 7,286.60 points on Monday. With today’s gains, the index has crossed its 125-day moving average (MVA). In the last week the index was up 1.93%, however, it is.....
ASX 200 to rise, GDP data to guide market this week
May 30, 2022 07:56 AM AEST| By Ashisher. The Australian share is expected to begin the week on a strong note following a robust closing on Wall Street last Friday. while higher iron ore prices are expected to aid mining stocks. Slowing US inflation and solid finish by tech-focus...
Wall Street ends week higher on retail boost; PDD, DELL, ULTA rally
May 28, 2022 07:10 AM AEST| By Rupam RoyUS stocks closed the week with a third straight session of gain on Friday, May 27, helped by positive retail guidance and expectations of the macroeconomic situation improving. The S&P 500 was up 2.47% to 4,158.24. The Dow Jones rose 1.76% to 33...
ASX 200 closes 1.08% higher following strong lead on Wall Street
May 27, 2022 06:27 PM AEST| By Sukriti Naircretionary. Closing the week above its 20-day Moving Average (MA), the ASX 200 posted a 1.08% gain today to close at 7,182.70. The Aussie benchmark index has gained about 0.53% in the last five days, though it is still down by 3.51% on a ye...
ASX 200 to rise; US stocks jump on economic data
May 27, 2022 07:57 AM AEST| By AshishHighlights The Australian share market is set to end the week on a positive note. According to the latest SPI futures, the ASX 200 is likely open 69 points or 1% higher on Friday. On Wall Street, the Dow Jones surged 1.6%, the S&...
US stocks rise on retail earnings, economic data; BABA, DLTR rally
May 27, 2022 07:05 AM AEST| By Rupam RoyWall Street's main indices rose for the second straight day on Thursday, May 26, buoyed by positive retail earnings and labor data - affording a glimmer of hope amid market turbulence. The S&P 500 was up 1.99% to 4,057.84. The Dow Jones rose 1.6...
ASX 200 to rise; US stocks gain after latest Fed meeting minutes
May 26, 2022 07:58 AM AEST| By AshishHighlights The Australian share market is expected to rise on Thursday. According to the latest SPI futures, the ASX 200 is likely to open 11 points or 0.15% higher. On Wall Street, the Dow Jones rose 0.6%, the S&P 500 rose 0.95%...
Wall Street edges higher after Fed minutes; DKS, JWN, NVDA rally
May 26, 2022 07:40 AM AEST| By Rupam RoyUS stocks closed higher on Wednesday, May 25, after Fed's minutes from its last policy meeting showed that most members favored more aggressive interest rate increases to calm inflation. The S&P 500 was up 0.95% to 3,978.73. The Dow Jones rose 0...
Wall Street regains momentum on bank, tech stocks rally; VMW, JPM surge
May 24, 2022 07:09 AM AEST| By Rupam RoyUS stocks closed higher on Monday, May 23, lifted by gains in mega-cap technology and bank shares following eight straight weekly declines of the indices, the longest streak since the 2001 dot com bubble. The S&P 500 was up 1.86% to 3,973.75. Th...
ASX 200 defies Asian markets, closes higher backed by materials
May 23, 2022 06:44 PM AEST| By Sukriti NairHighlights ASX 200 closed today’s trade merely 3.30 points up at 7,148.90 points. Materials supported gains against the pulldown from financials and utilities. Incitec Pivot, Imugene, and Elders were some newsmakers of the day. Star...
ASX 200 to fall after election result; Elders’ earnings today
May 23, 2022 08:09 AM AEST| By AshishHighlights Australian share market is expected to start the week on a muted note. According to the latest SPI futures, the ASX 200 is likely to open 15 points or 0.2% lower. On Wall Street, the Dow Jones was flat, the S&P 500 was...
S&P falls into bear market in intraday, Nasdaq retreats; ROST, DE decline
May 21, 2022 07:23 AM AEST| By Rupam RoyBenchmark US indices closed mixed on Friday, May 20, as investors were concerned about the elevated inflation, sending S&P 500 into the bear-market territory in intraday session. The S&P 500 was up 0.01% to 3,901.36. The Dow Jones rose 0.03%...
ASX 200 closes with 1.2% gain as shares rebound led by tech
May 20, 2022 07:39 PM AEST| By SukritiHighlights ASX 200 gained 1.2% to 7,145.6 and posted first weekly gain since mid-April. Shares rallied on optimism that China’s economy will rebound. Global markets continue to waver after a whipsawing week in which inflation continued t.....
US stocks extend losses on economic concerns; BJ, KSS surge
May 20, 2022 06:59 AM AEST| By Rupam RoyWall Street extended its losses on Thursday, May 19, after a sharp fall in the previous session as investors weighed a possible global economic slowdown. The S&P 500 was down 0.58% to 3,900.79. The Dow Jones fell 0.75% to 31,253.13. The NASDAQ C...
ASX 200 closes 1.6% lower mirroring Wall Steet drubbing
May 19, 2022 05:22 PM AEST| By SukritiHighlights ASX 200 closed 1.6% lower in a session marked by sharp declines for consumer-facing companies. The decline tailed a drop in US shares that wiped 4% from the S&P 500 index of blue chips, the worst day in approximately two years. .....
Dow suffers worst day as Wall Street retreats; TGT, LOW stocks plunge
May 19, 2022 07:03 AM AEST| By Rupam RoyDow Jones suffered its worst single-day loss since 2020 as Wall Street’s main indices drifted lower on Wednesday, May 18, following weak quarterly earnings of companies like Target Corporation (TGT). The S&P 500 was down 4.04% to 3,923.68....
US stocks rise after strong retail sales data; Citigroup, HD, UAL surge
May 18, 2022 07:20 AM AEST| By Rupam RoyBenchmark US indices edged higher on Tuesday, May 17, lifted by gains in technology, retail, and bank stocks after strong retail sales data eased investors' concerns over a slow economic growth. The S&P 500 rose 2.02% to 4,088.85. The Dow Jones...
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