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Market updates
ASX 200 finishes 1.2% lower as global economic uncertainty prevails
May 09, 2022 07:35 PM AEST| By SukritiHighlights ASX 200 finished today’s session down 1.2% or 84.90 points to 7.120, The index was dragged lower by real estate, technology, and materials sectors. Rate worries, continued supply-side pressures, and a tightening lockdown .....
ASX 200 tumbles at open; News Corporation tanks over 10%
May 09, 2022 11:15 AM AEST| By AayushHighlights The benchmark ASX 200 index was trading 0.78% lower at 7,149.4 in the first 10 minutes of trading. Long-dated US Treasury yields climbed up while global equity markets continued their fall on Friday. Nine out of the 11 sectors were .....
Wall Street retreats after mixed job data; CI, TU rally
May 07, 2022 07:51 AM AEST| By Rupam RoyBenchmark US indices closed lower for the second consecutive day on Friday, May 6, as growth stocks retreated amid higher Treasury yields, and mixed jobs data fueled more interest rate rise worries. The S&P 500 declined 0.57% to 4,123.34. The Do...
ASX 200 closes 2.2% lower after Wall Street plunged on stagflation fears
May 06, 2022 06:08 PM AEST| By SukritiHighlights ASX 200 closed 2.2 per cent lower, or 159.1 points, to 7205.6, ending the week 3% lower, the largest weekly decline since February. Tech sector was down 4.5%, led by Xero’s 9% drop. Property sector, hit hard by rising i...
ASX 200 tanks 2% amid bloodbath on Wall Street
May 06, 2022 10:59 AM AEST| By AayushHighlights The benchmark ASX 200 took a hit of 2.02% to 7,216.2 in the first 15 minutes of trading. The Dow Jones Industrial Average cracked over 1000 points to end at 32,997.98 on Thursday. 196 shares of the ASX 200 were trading in the negati.....
US indices drop on more rate hike fears; SHOP, Wayfair, ETSY fall
May 06, 2022 07:56 AM AEST| By Rupam RoyWall Street’s main indices fell sharply on Thursday, May 5, the biggest drop since the early days of the pandemic as investors feared a steep rate hike at the Fed’s next meeting in June. The S&P 500 fell 3.56% to 4,146.87. The Dow Jo...
ASX 200 to fall; Dow Jones tumbles 1,000 points; Macquarie results today
May 06, 2022 07:55 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 109 points or 1.5% lower. On Wall Street, the Dow Jones fell 3.1%, the S&P 500 drop...
Big boost from energy and tech stocks pushes ASX 200 0.8% higher
May 05, 2022 05:31 PM AEST| By SukritiHighlights ASX 200 edged 0.8% higher today, snapping a three-day losing streak and mirroring gains in US markets. In the US, Federal Reserve increased rates by 50 basis points, dashing worries that it might raise rates by 75 basis points. Asia.....
ASX 200 to rise as US stocks jump on Powell’s remark; NAB earnings today
May 05, 2022 07:54 AM AEST| By AshishHighlights The Australian share market is expected to rebound on Thursday. According to the latest SPI futures, the ASX 200 is likely to open 38 points or 0.5% higher. On Wall Street, the Dow Jones rose 2.8%, the S&P 500 climbed...
US stocks rise after Fed's half-point rate hike; MRNA, SBUX, LTHM rally
May 05, 2022 06:50 AM AEST| By Rupam RoyWall Street indices climbed higher on Wednesday, May 4, following the Federal Reserve's announcement of its widely anticipated half-point interest rate hike, marking the highest rate increase since 2000. The S&P 500 was up 2.99% to 4,300.17. The...
ASX 200 opens in green; Magellan Financial, Zip Co lead gains
May 04, 2022 11:13 AM AEST| By AayushHighlights The benchmark ASX 200 index jumped 0.68% to 7,366.2 in the first 10 minutes of trading. Global stock markets closed higher on Tuesday, while 10-year US Treasury yields retraced a bit from their ~3% highs. Magellan Financial Group an.....
US stocks close higher as Fed meets on rate hike; PFE, BP, WDC rally
May 04, 2022 07:08 AM AEST| By Rupam RoyWall Street indices closed higher on Tuesday, May 3, as the Federal Reserve began its two-day policy meeting in which officials are expected to deliberate on the next interest rate hikes. The S&P 500 was up 0.48% to 4,175.48. The Dow Jones rose...
ASX 200 to fall ahead of RBA meet; Woolworths earnings today
May 03, 2022 07:59 AM AEST| By AshishHighlights The Australian share market is likely to extend its losses to Tuesday. According to the latest SPI futures, the ASX 200 is expected to open 25 points or 0.35% lower. On Wall Street, the Dow Jones rose 0.26%, the S&P 50...
US stocks close higher after yields rise to 3-year high; SAVE, ATVI rally
May 03, 2022 07:40 AM AEST| By Rupam RoyUS stocks closed higher on Monday, May 2, after yields on 10-year Treasury notes jumped 3%, the highest increase in more than three years. The S&P 500 was up 0.57% to 4,155.38. The Dow Jones rose 0.26% to 33,061.50. The NASDAQ Composite increase...
Tech stocks drag ASX 200 to 1.2% loss ahead of RBA meeting
May 02, 2022 07:28 PM AEST| By SukritiHighlights ASX 200 dropped 1.2% to close 88 points lower at 7347 with all sectors lower. Investors await Reserve Bank of Australia’s (RBA) monthly monetary policy decision meeting tomorrow. US Federal Reserve and Bank of England mi...
ASX 200 plunges 1% as investors brace for potential RBA rate hike
May 02, 2022 11:06 AM AEST| By AayushHighlights The benchmark ASX 200 index fell 0.98% to 7362.2 in the first 10 minutes of trading, The US dollar index retraced from 20-year highs and the US equity markets ended sharply lower on Friday. All 11 sectors are under bear grip as inve.....
ASX 200 to fall ahead of RBA policy meet day; Wall Street dips
May 02, 2022 08:00 AM AEST| By AshishHighlights Australian share market is likely to start the week on a muted note. According to the latest SPI futures, the ASX 200 is expected to open 94 points or 1.25% lower. On Wall Street, the Dow Jones fell 2.8%, the S&P 500 d...
ASX 200 ends higher for second day, rises 1.1% as tech stocks rebound
April 29, 2022 07:35 PM AEST| By Priyabrata PrustyHighlights Gains in the market were broad-based today with all the 11 individual sectors ending in the positive territory. The IT sector rose 2.25% on Friday followed by Telecom and Consumer Discretionary, which added 1.89% and 1.46% respective...
ASX 200 to rise; Wall Street jumps on upbeat tech earnings
April 29, 2022 07:50 AM AEST| By AshishHighlights The Australian share market is expected to end the week on a positive note. According to the latest SPI futures, the ASX 200 is likely to open 45 points or 0.6% higher. The Dow Jones rose 1.85%, the S&P 500 surged 2.5%...
ASX 200 to open higher; Wall Street rises on upbeat tech earnings
April 28, 2022 08:00 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 36 points or 0.5% higher. On Wall Street, the Dow Jones rose 0.2%, the S&P 500 surged 0.2%...
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