ASX up 0.12% near noon: Best performer is Consumer Discretionary
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The S&P/ASX 200 opened with a 0.2% increase, driven by gains in retail and healthcare sectors despite declines in energy and resources.
Read MoreThe S&P/ASX 200 opened with a 0.2% increase, driven by gains in retail and healthcare sectors despite declines in energy and resources.
Read MoreStocks jumped Tuesday after fresh U.S. inflation data was about in line with expectations, clearing the way for investors to resume buying high-flying tech names such as Nvidia and Meta Platforms.
Read MoreRecent data analysis from the Australian Securities and Investments Commission (ASIC) sheds light on significant short squeeze activity that unfolded on the ASX in late February. Hedge funds made substantial adjustments to their positions, leading to the covering of nearly $1 billion worth of shorted shares and reshuffling their bets towards prominent ASX-listed companies.
Read MoreAustralian shares started trading slightly higher on Tuesday, driven by gains in banking stocks following modest movements in New York, with investors eyeing the US February CPI report for insights into future Federal Reserve interest rate decisions.
Read MoreA snapshot of the stocks on the move, featuring Resource Mining Corporation (ASX:RMI), Castle Minerals (ASX:CDT) and Aurum Resources (ASX:AUE).
Read MoreThe S&P 500 wavered on Monday as the rally that brought the major averages to record highs cooled off. Investors also looked ahead to fresh U.S. inflation data.
Read MoreThe Australian sharemarket experienced its most significant sell-off in over a year, with the S&P/ASX 200 Index tumbling 1.8% from a record high, led by declines in the materials and energy sectors alongside profit-taking in banks.
Read MoreThe Australian sharemarket experienced a decline at the opening, influenced by a pause in the bull market on Wall Street the previous Friday. Particularly, the materials, healthcare and energy sectors performed poorly, each dropping over 1%. BHP, a major index constituent, experienced a percentage loss. CSL, a blood plasma collector, also saw a decline of 1.8%.
Read MoreStocks retreated on Friday, closing out a turbulent week as Nvidia’s incredible run took a breather.
Read MoreThe S&P/ASX 200 reached a record high of 7802 points fueled by a surge in stocks related to artificial intelligence, echoing the trend that propelled the S&P 500 and Nasdaq to all-time highs on Wall Street.
Read MoreStocks rose Thursday, pushing the S&P 500 and Nasdaq Composite back to record highs, as hope over easing inflation and gains in tech aided Wall Street’s midweek bounce.
Read MoreOn Thursday, Commonwealth Bank shares surged to a record high of $119.37, alongside National Australia Bank and Westpac reaching notable highs, propelling the S&P/ASX 200 index to a second consecutive day of gains, reaching 7763.7 points, with financials climbing by 0.6 percent while the resources sector dipped by 0.92 percent due to major companies going ex-dividend.
Read MoreAustralian shares rose by 0.2% in early trading, buoyed by the tech sector's gains following a positive trend on Wall Street, sparked by US Fed Chair Jerome Powell's indication of an expected pivot to rate cuts in 2024. At 11:30, the S&P/ASX 200 is 0.26 per cent higher at 7,753.5.
Read MoreThe S&P 500 rose Wednesday as investors attempted to turn a corner following back-to-back losing sessions on Wall Street.
Read MoreOn Wednesday, the Australian sharemarket saw a modest increase driven by gains in the financials and real estate sectors, with the S&P/ASX 200 Index rising by 0.1% to 7733.5 while the Australian dollar remained steady just below US65¢.
Read MoreAustralia's gross domestic product expanded by 0.2 per cent in the fourth quarter, missing forecasts, prompting speculation that the Reserve Bank of Australia may consider adjusting interest rates despite maintaining them at 4.35 per cent in recent meetings.
Read MoreUS stocks fell for a second session Tuesday, as steep declines in major tech names such as Apple dragged the broader market further from the record highs recently reached.
Read MoreAustralian shares experienced a slight decline on Tuesday, marking the second consecutive session of losses, although gains in healthcare and gold stocks partially offset broader market declines.
Read MoreChariot Corporation Limited (ASX:CC9) Managing Director Shanthar Pathmanathan discusses reasons behind the company's expansion of its Black Mountain holding.
Read MoreBitcoin has reached a two-year high, nearing its all-time peak of $68,999.99, following a 50% surge this year, fueled by the approval of spot bitcoin exchange-traded funds by US regulators.
Read MoreUS stocks retreated Monday despite a rallying group of technology stocks tied to the artificial intelligence boom.
Read MoreThe ASX declined in its first session of the week, with the S&P/ASX 200 closing 0.1% lower amid concerns over upcoming GDP figures, particularly after a larger-than-expected decline in inventories, while real estate stocks rose 1.3% and gold stocks rallied on increased gold prices.
Read More04 March 2024 – Chariot Corporation (ASX:CC9) has significantly increased the footprint of its Black Mountain project through the acquisition of 218 contiguous claims, representing a 206% increase in project tenure area.
Read More04 March 2024 – Australian real estate and tech stocks are the best performing after the tech-heavy Nasdaq Composite and S&P 500 closed at record highs on Friday 16,274.94 and 5137.08, respectively. Fresh US manufacturing data on Friday added to hopes the Federal Reserve will begin cutting rates in the first half of this year.
Read MoreThe Nasdaq Composite rose to an all-time high Friday, surpassing its 2021 record, as investors bet that megacap technology stocks were the best way to play slowing inflation and a coming artificial intelligence boom.
Read More01 March 2024 – At the open, Australian shares, led by gains in the technology and resources sectors, reached a record high of 7733.2 points, rising by 0.2 per cent, with optimism fueled by expectations of central bank rate cuts in 2024. At 11:30am, the S&P/ASX 200 is 0.03 per cent higher at 7,700.80.
Read MoreThe Nasdaq Composite advanced Thursday, rising to its first closing record since November 2021.
Read MoreIn January, retail sales increased by 1.1%, falling short of the expected 1.5% growth, indicating volatility in spending patterns. Despite a rise to $35.7 billion in sales, the year-on-year increase was only 1.1%, reflecting weak performance relative to the country's rapid population expansion.
Read MoreUS stocks ticked lower Wednesday as investors looked ahead at the personal consumption expenditure reading for January, which is the Federal Reserve’s preferred measure of inflation, due later this week.
Read MoreOn Wednesday, the ASX experienced a slight decline, ending a four-day winning streak, with the ASX 200 falling by 0.03%, attributed to disappointing earnings reports from major companies.
Read MoreAustralia's Consumer Price Index grew by 3.4% in January, falling below analysts' expectations of a 3.6% increase, holding steady from December's level.
Read MoreThe S&P 500 and the Nasdaq Composite ended Tuesday’s session with modest gains as investors prepared for key inflation data to be released later this week.
Read MoreAmidst a significant uptrend in U.S. stock markets, some investors may question whether it's becoming too much of a good thing.
Read MoreOn Tuesday, the S&P/ASX 200 Index closed slightly higher by 0.1%, with consumer staples leading the gains due to Coles' strong earnings report, which saw its shares rise by 5.5%.
Read MoreStocks dipped shortly after the market opened, mirroring the downturn on Wall Street. Declines were led by property and mining sectors, outweighing the gains seen in consumer-related stocks amidst a flurry of corporate earnings reports.
Read MoreThe S&P 500 slipped on Monday as the broad market index retreated from its record notched last Friday and investors awaited key inflation data.
Read MoreOn Monday, the Australian sharemarket experienced a slight increase, with the S&P/ASX 200 rising by 0.12% to reach 7,652.80 at the close of trading.
Read MoreAustralian stocks are experiencing an upswing this Monday, buoyed by the same positive sentiment that propelled Wall Street to a new record last Friday, leveraging the momentum from Nvidia's historic rally.
Read MoreThe S&P 500 stabilised on Friday after hitting another record as investors wrapped the week on a high note.
Read MoreDiscover Sunshine Metals' strategic focus on Queensland's prolific gold and base metal districts, unveiling promising exploration ventures and recent resource upgrades.
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