Market updates


 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....

 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...

 Wall Street retreats after Biden-Powell talks; DXCM, AUY, UL rally

Wall Street retreats after Biden-Powell talks; DXCM, AUY, UL rally

June 01, 2022 07:06 AM AEST| By Rupam Roy

US 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...

 Wall Street ends week higher on retail boost; PDD, DELL, ULTA rally

Wall Street ends week higher on retail boost; PDD, DELL, ULTA rally

May 28, 2022 07:10 AM AEST| By Rupam Roy

US 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...

 US stocks rise on retail earnings, economic data; BABA, DLTR rally

US stocks rise on retail earnings, economic data; BABA, DLTR rally

May 27, 2022 07:05 AM AEST| By Rupam Roy

Wall 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...

 Wall Street edges higher after Fed minutes; DKS, JWN, NVDA rally

Wall Street edges higher after Fed minutes; DKS, JWN, NVDA rally

May 26, 2022 07:40 AM AEST| By Rupam Roy

US 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

Wall Street regains momentum on bank, tech stocks rally; VMW, JPM surge

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

US 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...

 S&P falls into bear market in intraday, Nasdaq retreats; ROST, DE decline

S&P falls into bear market in intraday, Nasdaq retreats; ROST, DE decline

May 21, 2022 07:23 AM AEST| By Rupam Roy

Benchmark 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%...

 US stocks extend losses on economic concerns; BJ, KSS surge

US stocks extend losses on economic concerns; BJ, KSS surge

May 20, 2022 06:59 AM AEST| By Rupam Roy

Wall 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...

 Dow suffers worst day as Wall Street retreats; TGT, LOW stocks plunge

Dow suffers worst day as Wall Street retreats; TGT, LOW stocks plunge

May 19, 2022 07:03 AM AEST| By Rupam Roy

Dow 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

US stocks rise after strong retail sales data; Citigroup, HD, UAL surge

May 18, 2022 07:20 AM AEST| By Rupam Roy

Benchmark 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...

 CZL, IFM & GAL - Three ASX penny stocks that are up over 30%

CZL, IFM & GAL - Three ASX penny stocks that are up over 30%

May 16, 2022 01:52 PM AEST| By Aayush

Highlights The ASX Small Ordinaries index continued its gains from Friday, rallying 1.5% to 3,051.1 by 12:30 PM AEST. CZL, IFM and GAL are three ASX penny stocks that are catching investors’ attention today. Investors must understand all.....

 ASX 200 opens in green; Polynovo rockets over 14%

ASX 200 opens in green; Polynovo rockets over 14%

May 16, 2022 11:01 AM AEST| By Aayush

Highlights The ASX 200 index was trading 0.78% higher at 7,130.3 in the first 10 minutes of trading. Global equity markets ended higher on Friday with frontline indices on Wall Street rallying to end a volatile week. The industrial sector gain.....

 US stocks edge higher on tech stock gains; HOOD, DUOL, OXY rally

US stocks edge higher on tech stock gains; HOOD, DUOL, OXY rally

May 14, 2022 07:29 AM AEST| By Rupam Roy

Wall Street's main indices rallied on Friday, May 13, ending the week on a positive note after investors shrugged off concerns about inflation and other negative market trends. The S&P 500 was up 2.39% to 4,023.89. The Dow Jones rose 1.47% to 32...

 ASX 200 opens positive, Link Administration, Blackmores lead gains

ASX 200 opens positive, Link Administration, Blackmores lead gains

May 13, 2022 11:10 AM AEST| By Aayush

Highlights The benchmark ASX 200 index shot up 0.8% to 6,996.7 in the first 15 minutes of trade. US stocks ended on a mixed note on Thursday. The ASX healthcare sector is the leader so far, surging 0.9% in early trade. The Australian shar.....

 Dow, S&P close lower on mixed economic data; APP, GME, AMC rally

Dow, S&P close lower on mixed economic data; APP, GME, AMC rally

May 13, 2022 07:05 AM AEST| By Rupam Roy

Dow Jones and S&P 500 fell, but tech-savvy Nasdaq crawled back up to close the session mixed on Thursday, May 12, after a vital economic gauge showed that demand for manufactured goods slowed in April. The S&P 500 was down 0.13% to 3,930.08....

 ASX 200 plunges at open; oil price rally boosts energy stocks

ASX 200 plunges at open; oil price rally boosts energy stocks

May 12, 2022 11:20 AM AEST| By Aayush

Highlights The benchmark ASX 200 index was trading 0.47% to 7,031.8 in the first few minutes of trading. Wall Street's main indices closed lower in Wednesday’s volatile session, led by a sharp drop in the NASDAQ Composite. The energy sec.....

 US stocks slip after CPI data; COIN, Unity decline

US stocks slip after CPI data; COIN, Unity decline

May 12, 2022 07:15 AM AEST| By Rupam Roy

Wall Street's main indices drifted lower on Wednesday, May 11, after US inflation rose more than expected month-on-month for comfort, renewing fears about the Fed's aggressive rate hikes. The S&P 500 was down 1.65% to 3,935.18. The Dow Jones fel...

 US stocks close mixed ahead of inflation data; PLTN, UPST decline

US stocks close mixed ahead of inflation data; PLTN, UPST decline

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

Wall Street's main indices end mixed on Tuesday, May 10, as Treasury yields and oil prices declined ahead of the Labor Department's latest consumer price index data (CPI). The 10-year Treasury notes hit a three-and-a-half-year high on Monday, forcin...

 ASX 200 tumbles below 7,000; Novonix, Chalice Mining lead losses

ASX 200 tumbles below 7,000; Novonix, Chalice Mining lead losses

May 10, 2022 11:20 AM AEST| By Aayush

Highlights The benchmark ASX 200 index tanked 2% to 6,978.6 in the first 15 minutes of trading. US stocks continued to witness heavy liquidation on Monday, led by selling in mega-cap growth stocks. The materials sector is the biggest loser, tu.....

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