Record-breaking Friday: Dow Jones and Nasdaq-100 soar to new heights
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The Dow Jones Industrial Average closed higher Friday after a whipsaw session, where it marked a fresh intraday record, and the tech-heavy Nasdaq-100 set a record close.
Read MoreThe Dow Jones Industrial Average closed higher Friday after a whipsaw session, where it marked a fresh intraday record, and the tech-heavy Nasdaq-100 set a record close.
Read MoreOvernight, the Dow Jones Index reached a new record high, closing at 37,248 points with a 0.4% gain, while the Nasdaq Index increased by 0.2%, and the Russell 2000 small-cap index continued its recent rally, surging by 2.6%.
Read MoreThe Dow Jones Industrial Average edged higher on Thursday a day after closing above 37,000 for the first time ever as the 10-year Treasury tumbled below 4 per cent and a surprise gain in retail sales gave investors further confidence 2024 would bring a soft economic landing.
Read MoreIn November, Australian employment grew by 61,500 jobs, causing the unemployment rate to rise slightly to 3.9% from the previous month's 3.8%.
Read MoreThe Dow Jones industrial Average jumped to a record Wednesday as the Federal Reserve signalled it would cut rates several times next year, satisfying investors who hoped the central bank would finally start to acknowledge the slowing trend of inflation with a less-aggressive monetary stance.
Read MoreCauldron Energy (ASX:CXU) has released the results of its Scoping Study for the proposed Bennet Well Uranium operation, revealing the potential for a globally competitive and low-cost in-situ recovery (ISR) uranium operation. The Bennet Well Uranium Deposit is situated approximately 100 kilometers south of Onslow, Western Australia, and about 1,050 kilometers north of Perth.
Read MoreAustralia's sharemarket experienced mixed performance as healthcare and iron ore stocks rose while the energy sector declined due to a 3.5% drop in benchmark oil prices.
Read MoreWall Street closed at a 52-week high as traders celebrated a decrease in core US inflation to 4 percent year-on-year in November, excluding food and energy prices.
Read MoreStocks were higher on Tuesday as Wall Street parsed through another round of inflation data in search for clues on when the Federal Reserve could start easing monetary policy.
Read MoreThe Australian sharemarket gained 0.5% as interest rate sensitive stocks rose ahead of the release of US inflation data.
Read MoreReserve Bank governor Michele Bullock dismissed the notion that Australia lags behind in addressing inflation concerns, emphasising their efforts to slow the economy and bring inflation within the target range.
Read MoreAustralia, home to the world's largest uranium resource, finds itself at a crossroads as it grapples with the question of whether to be a lifter or a leaner in the global pursuit of decarbonisation and energy security.
Read MoreThe S&P 500 climbed on Monday as investors tried to continue Wall Street’s year-end momentum.
Read MoreIn a significant development, new data indicates that patients who underwent treatment with Eli Lilly's groundbreaking weight loss drug, Zepbound, faced weight regain after discontinuing the medication for a year.
Read MoreWoodside Energy (ASX:WDS) and Santos (ASX:STO) have officially confirmed media reports that both companies are engaged in preliminary discussions regarding a possible merger.
Read MoreThe Australian sharemarket saw minimal gains as metals and oil stocks fluctuated throughout the day, with the S&P/ASX 200 closing just 4.1 points higher at 7199. Mining stocks, particularly gold miners, suffered a 0.6% decline due to a drop in the price of gold, influenced by strong US jobs data.
Read MoreAustralia's stock market saw an increase in midday trading driven by several merger and acquisition deals and a rise in energy sector stocks.
Read MoreThe S&P 500 rose on Friday to hit a new high for the year after the November jobs report and University of Michigan consumer survey data signalled a resilient economy and cooling inflation, fuelling hopes for a so-called soft landing scenario.
Read MoreIn a week filled with notable developments and market fluctuations, the Australian Securities Exchange (ASX) and global financial markets experienced significant shifts driven by various overarching themes. Here's a comprehensive breakdown of the key events and their impact on different sectors and stocks during the period from Monday, December 4th, to Thursday, December 7th.
Read MoreUtilities weighed down the sharemarket, countering a strong Wall Street session driven by a tech rally shortly after Friday's trading began. Among the benchmark's 11 sectors, only miners and energy showed gains, while communications, financials, and discretionary sectors experienced significant declines.
Read MoreThe S&P 500 closed higher Thursday, attempting to snap a three-day losing streak as traders looked ahead to Friday’s all-important jobs report.
Read MoreThe electric vehicle (EV) industry, once riding high on optimism and sky-high valuations, has hit a roadblock as investors and car manufacturers reevaluate their strategies amidst a slowdown in growth. Factors ranging from rising interest rates to evolving EV technology and consumer preferences are being cited as reasons behind the shift in momentum.
Read MoreThe ASX experienced a relatively calm trading session, with the exception of a sharp decline in energy stocks following a significant drop in oil prices, including a 4.1% decrease in US oil, bringing it below $70 per barrel and marking a 5-month low.
Read MoreEnergy stocks on the ASX are down over 2% as a result of a 4.1% drop in US oil prices, which fell below $70 per barrel, despite a 4.63 million barrel decrease in US crude stockpiles. Brent also slid more than 3.5% to below $75 per barrel.
Read MoreUS stocks wavered on Wednesday as investors assessed data indicating falling inflation, while the jobs report loomed.
Read MoreOn Wednesday, the Australian sharemarket experienced its largest one-day rally in over a year, with the benchmark S&P/ASX 200 index surging 1.7% to 7178.4 points, driven by increased speculation of an interest rate cut by the Reserve Bank.
Read MoreAustralia's GDP growth in the third quarter was 0.2%, falling short of the market consensus of 0.4%, with a year-on-year expansion of 2.1%, in line with the previous quarter and exceeding forecasts.
Read MoreA snapshot of the stocks on the move, featuring Latin Resources (ASX:LRS), Lanthanein Resources (ASX:LNR) and Noble Helium (ASX:NHE).
Read MoreThe Dow Jones Industrial Average and the S&P 500 slid on Tuesday as a recent rally on Wall Street lost steam.
Read MoreAustralian shares experienced their most significant single-day drop in over a month on Tuesday, reflecting a change in trader sentiment after a robust November rally.
Read MoreThe Reserve Bank of Australia has announced its decision to keep the cash rate unchanged at 4.35 per cent in its final policy meeting for the year.
Read MoreAustralian shares are declining at midday, with mining and tech stocks leading the downturn, ahead of the Reserve Bank of Australia's final rate decision for the year.
Read MoreStocks slipped on Monday as investors questioned whether the market was getting ahead of itself following five straight winning weeks.
Read MoreEmpire Energy Group (ASX:EEG) has announced its strategic acquisition of AGL Limited's Rosalind Park Gas Plant for a total consideration of $2.5 million in cash.
Read MoreThe Australian sharemarket experienced a positive uptick on Monday with nine of its eleven sectors showing gains, driven by investor optimism amid expectations that global central banks have completed their monetary policy tightening.
Read MoreOn the opening day of the Munich Motor Show (IAA) in Munich, Germany, Ecopro BM Co. announced a groundbreaking deal with Samsung SDI Co. that could reshape the electric vehicle (EV) market.
Read MoreRecent regulations issued by the US Department of Energy are set to have significant implications for Australia's lithium sector.
Read MoreAt noon, the S&P/ASX 200 is 1.28 per cent higher at 7,163.40, following the upward movement seen on Wall Street.
Read MoreThe S&P 500 soared to a closing high for 2023 on Friday, extending November’s rally into the new month.
Read MoreTech stocks have fallen by 1.5%, while energy stocks remained flat despite a drop in oil prices following OPEC+ output cuts. The market also awaited key manufacturing PMI data from China, the UK, and the US later in the day.
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