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Market updates
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...
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...
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...
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.....
Dow, S&P close higher on strong earnings; MSFT, Visa, TMUS rally
April 28, 2022 06:57 AM AEST| By Rupam RoyDow Jones and S&P 500 edged higher while Nasdaq closed flat on Wednesday, April 27, as strong quarterly earnings of Microsoft Corp and Visa Inc lifted the market sentiment in a reversal from the previous day’s fall. The S&P 500 rose 0....
US stocks retreat ahead of big earnings; TSLA, GE, UPS decline
April 27, 2022 06:54 AM AEST| By Rupam RoyWall Street’s main indices edged lower on Tuesday, April 26, ahead of the earnings of big companies like Microsoft and Alphabet as investors weighed the risks of slow growth and higher interest rates. The S&P 500 was down 2.81% to 4,175.20...
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ASX 200 cracks over 2% at open; BlueScope Steel, Allkem lead losses
April 26, 2022 11:13 AM AEST| By AayushHighlights The benchmark ASX 200 plunged 2.4% to 7,294.3 in the first 10 minutes of trading. Wall Street indices ended on a positive note on Monday, while European markets slid to a one-month low. Growth stocks in the US staged a late-day rall.....
US stocks rise after Twitter nod to Musk's buyout offer; KO rallies
April 26, 2022 06:55 AM AEST| By Rupam RoyBenchmark US indices closed the first day of the week on a positive note on Monday, April 26, after Twitter board agreed to Elon Musk’s US$44 billion buyout offer, marking a watershed moment for the social media company. The S&P 500 was do...
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