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Market updates
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...
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%...
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...
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...
CZL, IFM & GAL - Three ASX penny stocks that are up over 30%
May 16, 2022 01:52 PM AEST| By AayushHighlights 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%
May 16, 2022 11:01 AM AEST| By AayushHighlights 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
May 14, 2022 07:29 AM AEST| By Rupam RoyWall 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
May 13, 2022 11:10 AM AEST| By AayushHighlights 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
May 13, 2022 07:05 AM AEST| By Rupam RoyDow 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
May 12, 2022 11:20 AM AEST| By AayushHighlights 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
May 12, 2022 07:15 AM AEST| By Rupam RoyWall 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
May 11, 2022 07:04 AM AEST| By Rupam RoyWall 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...
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ASX 200 tumbles below 7,000; Novonix, Chalice Mining lead losses
May 10, 2022 11:20 AM AEST| By AayushHighlights 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.....
Wall Street resumes losses as tech stocks hammered; BNTX, SOPA rally
May 10, 2022 06:56 AM AEST| By Rupam RoyBenchmark US indices extended their slide for a third straight session on Monday, May 9, with the S&P 500 slipping to its lowest level since April 2021, dragged down by losses in mega-cap growth stocks. The S&P 500 was down 3.20% to 3,991.24...
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 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...
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...
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