Dow hits new high amid investor anticipation for inflation and earnings data
The Dow Jones Industrial Average rose to a new high on Monday as investors awaited fresh inflation and earnings data.
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ASX closes 0.4% lower: Health Care tumbles by more than 3%
On Monday, the ASX experienced a decline primarily driven by a few large-cap stocks, notably CSL and Woodside, amidst traders' contemplation of the market's future amid an impending week of crucial company earnings reports.
Read MoreASX down 0.3%: CSL shares fall
Despite a record rally in US markets on Friday, the sharemarket experienced a decline, with the S&P/ASX 200 slipping by 0.27 per cent at 7,623.90 at 11:30am. This decline is primarily attributed to healthcare giant CSL, dropping 5.2 per cent due to abandoning plans for a drug seeking regulatory approval following weak trial results.
Read MoreUS stocks rise after December’s revised inflation reading
Stocks rose on Friday after December’s revised inflation reading came in lower than first reported, and the S&P 500 closed above the key 5,000 level as strong earnings and economic news chugged on.
Read MoreASX down 0.13%: REITs are best performing sector
Michele Bullock suggests that the Reserve Bank of Australia can lower interest rates even before inflation reaches the 2.5 percent target, emphasising the importance of confidence in reaching the target when adjusting monetary policy to avoid abrupt changes.
Read MoreS&P 500 hits 5,000 level for the first time ever
The S&P 500 finished little changed on Thursday after briefly topping the 5,000 milestone for the first time on record.
Read MoreGoogle unveils Gemini: Rebranded AI assistant with new app and subscription options
Google has announced a significant rebranding of its AI chatbot and assistant, formerly known as Bard, unveiling it as Gemini. The rebrand comes alongside the launch of a new app and subscription options for users. Gemini, a key competitor to OpenAI’s ChatGPT, shares its name with the suite of AI models powering the chatbot.
Read MoreASX closes 0.3% higher: Cochlear upgrades FY24 earnings guidance
On Thursday, the benchmark S&P/ASX 200 rose 0.3% to 7638.4 points, with the utilities sector up 1%, led by AGL Energy's 10.3% surge after reporting a profit of $576 million for the six months to December.
Read MoreASX up 0.4%: Utilities rises by over 2%
The S&P/ASX 200 rose by 0.4% by almost midday, with gains from Cochlear and AGL being counteracted by a decline in REA Group.
Read MoreS&P 500 hits intraday record amid strong earnings surge
The S&P 500 rose Wednesday and edged closer to the 5,000 level, notching a closing high as investors parsed through another slate of quarterly results that signalled a flourishing economy.
Read MoreASX closes 0.5% higher: Dollar strengthens and lithium miners rally
On Wednesday, Australian shares rebounded, with the S&P/ASX 200 closing 0.5% higher at 7615 and the All Ordinaries also rising by the same percentage.
Read MoreASX up 0.6%: Lithium stocks rallying
Australian shares, particularly miners, are rebounding today, with the S&P/ASX 200 is 0.63 per cent higher at 7,629.60, retracing losses from the past two days.
Read MoreASX closes 0.6% lower: Reserve Bank of Australia leaves cash rate unchanged
The Australian sharemarket declined as the Reserve Bank of Australia (RBA) left the cash rate unchanged and hinted at potential interest rate hikes due to high inflation, leading to a decrease in bond futures' expectations for rate cuts.
Read MoreASX down 0.9%: Wall Street losses and rising bond yields
Australian shares declined as a response to Wall Street losses and rising bond yields following Federal Reserve Chairman Jerome Powell's statements that a rate cut is not imminent and expectations for multiple cuts through 2024 were too high.
Read MoreS&P 500 falls from record levels as rates spike on Fed commentary
Stocks fell Monday as Treasury yields spiked higher on concerns that the Federal Reserve may not cut rates as much as expected. Lacklustre results from McDonald’s also dampened investor sentiment.
Read More“A whole new lithium pegmatite province”: Chariot Corporation discusses latest results
Chariot Corporation (ASX:CC9) Managing Director Shanthar Pathmanathan and Geological Consultant Dr Edward Max Baker discuss the significance of the company's latest drill results.
Read MoreASX closes 0.95%: RBA expected to keep rates on hold
Shares declined broadly, particularly impacting miners and energy sectors, as investors took profits following a recent record high.
Read MoreChina trims production quotas: Rare earth prices to surge
Rare earth prices, which experienced a sharp decline in 2023, are expected to make a strong comeback later this year, driven by growing demand from the electric vehicle and wind power industries, coupled with a potential reduction in production quotas by China, the leading producer of rare earths.
Read MoreASX down 1.23%: Oil prices rise
The Australian dollar fell below the US65¢ mark, reaching US64.87¢, its lowest level since late November.
Read MoreS&P 500 hits new high on strong tech earnings and surprise job report
The S&P 500 notched a fresh record high on Friday as quarterly results from technology companies including Facebook-parent Meta topped expectations and the January jobs report came in much better than expected.
Read MoreChariot Corporation announces promising maiden drill program results
Chariot Corporation (ASX:CC9) announced today the promising results of its maiden drill program at the Black Mountain Project in Wyoming, USA.
Read MoreASX up 0.94%: REITs best performing sector
Australian shares opened 0.5% higher on Friday, with the financial sector, including banks, recovering by 0.7%. Investors were monitoring the potential impact of bad debt exposure to US commercial property.
Read MoreDow Jones rebounds: Apple, Amazon and Meta report results after hours
The Dow Jones Industrial Average rose Thursday as stocks recover from a dismal day for the major averages after the Federal Reserve held steady on rates but signalled that a March cut is unlikely.
Read MoreASX closes 1.2% lower: Financials sector tumbles the most
The S&P/ASX 200 Index declined by 1.2%, closing at 7588.2 points, primarily driven by investors' concerns regarding bad debt exposure in the real estate sector following warnings from US and Japanese lenders.
Read MoreASX falls 1.03%: US rate cut expectations diminish
The S&P/ASX 200 Index fell by 1.03 percent at around 11:30am from a record high as the resources, energy, and tech sectors drove the market lower.
Read MoreMajor US indexes fall as Fed signals unlikelihood of March rate cut
US stocks declined on Wednesday following the Federal Reserve's decision to keep interest rates unchanged.
Read MoreASX hits new high after cooler than expected inflation data
The Australian sharemarket reached a new all-time high as inflation cooled more than anticipated in the December quarter, prompting a risk-on rally among traders.
Read MoreASX up 0.08%: Australian inflation slows to 0.6%
In Q4, Australian inflation slowed to 0.6%, falling below the market consensus of 0.8%, marking the fourth consecutive quarter of declining annual inflation, with the CPI dropping from 5.4% to 4.1% over the past 12 months.
Read MoreNickel wars: Indonesia’s dominance sparks global miner struggles
Indonesia, the world's largest nickel producer, is making waves in the global nickel market, flooding it with an abundance of low-cost supplies. This surge in nickel production is forcing competitors to shutter unprofitable mines and is causing concerns in Western capitals about China's growing dominance over this strategically critical resource.
Read MoreS&P 500 ends near flatline: Alphabet and Microsoft report earnings after the bell
The S&P 500 ended Tuesday near the flatline as Wall Street waits for the latest Federal Reserve decision on interest rates.
Read MoreASX gain 0.3%: Aus shares extend winning streak to seven sessions
The Australian sharemarket extended its winning streak to seven sessions, with the S&P/ASX 200 index gaining 0.3% and reaching 7600.2 points at the close, nearing its previous record high from August 2021.
Read MoreASX down 0.63% as retail sales fall short of expectations
Retail sales in December dropped by 2.7%, falling short of the expected 1.9% decline, indicating that consumers reduced their spending ahead of Christmas.
Read MoreS&P 500 soars to record high amid mega-cap tech earnings and Fed decision
The S&P 500 rose Monday and headed for a fresh record high as Wall Street looked toward several mega-cap tech earnings reports and the Federal Reserve’s rate policy decision.
Read MoreASX closes 0.3% higher: Energy stocks surge amid rising tensions in middle east
Australian sharemarket extended its winning streak for the sixth consecutive day, with the S&P/ASX 200 rising 0.3% to 7578.4 points, primarily driven by a 1.8% surge in energy stocks due to rising oil prices amid escalating tensions in the Middle East.
Read MoreASX up 0.06%: Oil prices rise as Middle East tensions escalate
The Australian sharemarket exhibited mixed performance, as gains in energy stocks driven by rising oil prices due to escalating Middle East tensions were offset by a 1.3% decline in tech stocks, reflecting disappointing earnings reports from US tech giants, including a significant drop in Tesla's shares.
Read MoreS&P 500 ends slightly lower but secures weekly gains amid mixed economic signals
The S&P 500 closed slightly lower Friday, but clinched weekly gains as the latest economic data added to a positive picture of the economy.
Read MoreASX up 0.17%: Iron ore miners show gains
Australian shares opened higher with a significant boost from iron ore miners BHP, Rio Tinto, and Fortescue, all of which saw gains exceeding 1 percent, driving up the overall market index.
Read MoreTech stocks drive S&P 500 to new highs
The S&P 500 rose Wednesday as a number of big tech stocks rallied, pushing the broader market to new heights.
Read MoreASX closes 0.1% higher: Mining and Utilities rally
Australian shares experienced a subdued session, with the S&P/ASX 200 index edging up 0.1 percent, driven by a rally in the mining and utilities sectors, while health sector stocks, notably Nanosonics, saw significant declines.
Read MoreASX up 0.04%: Materials is best performing sector
Australian shares saw an extension of gains during the opening session, buoyed by the S&P 500 achieving its third consecutive record high. This development coincided with mixed quarterly reports preceding the "Magnificent 7" group of megacap companies.
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