Dow Jones leads broader market higher
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Markets resumed their march upwards with the Dow Jones hitting new highs in intraday trading, as investors continued to rotate into the broader market and smaller companies.
Read MoreMarkets resumed their march upwards with the Dow Jones hitting new highs in intraday trading, as investors continued to rotate into the broader market and smaller companies.
Read MoreAustralian shares hit a record high of 7938 points following US deflation data for June, which fueled expectations of impending interest rate cuts by the Federal Reserve. This spurred a shift in investor sentiment towards smaller-cap stocks benefiting from lower rates, reflected in declining US bond yields. At 11:40am, the S&P/ASX 200 is 0.86 per cent higher at 7,957.80.
Read MoreThe S&P 500 and Nasdaq both ended the day in the red as investors looked to rotate out of the big tech names and into small caps and property.
Read MoreThe Australian sharemarket experienced a risk-on day, with the benchmark briefly climbing above 7900 points in a broad rally led by the big four banks.
Read MoreAt 11:35am, the S&P/ASX 200 is 0.88 per cent higher at 7,885.40. The rally, fueled by gains in Wall Street's tech giants, saw local sectors like technology and real estate advance
Read MoreBig tech names surged higher leading the broader market to new record highs ahead of the highly anticipated inflation data due out tomorrow US time.
Read MoreAustralian shares opened lower following a previous day's rally, and at 11:30am, the S&P/ASX 200 is 0.47 per cent lower at 7,792.60.
Read MoreThe S&P 500 & Nasdaq both closed at new records following encouraging commentary from Federal Reserve Chairman, Jerome Powell.
Read MoreThe Australian sharemarket saw a broad-based rally on Tuesday, driven by gains in US blue-chip tech stocks, pushing the S&P/ASX 200 Index up by 0.9% to 7829.7.
Read MoreAustralian shares opened higher, with the S&P/ASX 200 Index rising 0.7% to 7815.2, driven by a rally in blue-chip tech stocks that also pushed the S&P 500 to a new record high. On the ASX, communication services led gains, with Telstra up over 2% and REA Group up 1.1%, while tech stocks followed the Nasdaq's positive trend.
Read MoreMarkets continued their drive higher with two out of the three major indices closing at new record highs ahead of new inflation data and upcoming earnings numbers later this week.
Read MoreThe Australian sharemarket, particularly impacted by a commodities sell-off, saw significant declines on Monday, with the S&P/ASX 200 dropping 0.8% to 7763.2 points. This downturn was led by a 1.8% fall in mining stocks, driven by a sharp decline in iron ore prices to $107.90 per tonne amidst concerns over Chinese demand and oversupply. Major miners like BHP, Fortescue, and Rio Tinto mirrored these losses. Meanwhile, Rex Minerals surged 56.4% to 43¢ following news of a buyout deal, contrasting with broader market trends.
Read MoreAt 11:35am, the S&P/ASX 200 is 0.36 per cent lower at 7,794.30, driven by a decline in iron ore prices.
Read MoreThe broader market surged to new highs following the release of the much anticipated jobs numbers which pointed to a cooling labour market raising hopes the Fed will stick to its rate cut forecasts for later this calendar year.
Read MoreAt 11:30am, the S&P/ASX 200 is 0.05 per cent lower at 7,827.60, due to declines in mining and property stocks, despite earlier gains in the week.
Read MoreEuropean markets closed higher as the US market was closed for the Independence Day Holiday and the UK headed to the polls.
Read MoreAt 11:35am, the S&P/ASX 200 is 1.08 per cent higher at 7,823.40, buoyed by a strong performance in New York ahead of the July 4 holiday.
Read MoreMarkets continued to march upwards in light trade on a shortened trading session ahead of the Independence Day holiday. Megacap Tech names dominated the tape and set the positive tone for the broader market.
Read MoreIn May, Australian retail trade surged by 0.6 percent, surpassing expectations with strong year-on-year growth of 1.7 percent, attributed partly to early end-of-financial year promotions.
Read MoreAll three major indices rallied and bond yields fell after Federal Reserve chairman Jerome Powell said the disinflationary path is intact, opening the door to a pivot to rate cuts later this year.
Read MoreThe ASX experienced its second consecutive losing session of the new financial year, with the S&P/ASX 200 closing 0.4% lower due to interest rate concerns.
Read MoreThe ASX 200 is slightly down by 0.1% near midday, with losses in major banks like National Australia Bank and Commonwealth Bank offsetting gains in energy stocks due to stable oil prices amid concerns over Hurricane Beryl. The broader market remains subdued, contrasting with gains in New York and a rebound in French stocks following the latest parliamentary election results.
Read MoreUS shares rose on Monday led by the Tech sector which pushed the Nasdaq to a new record ahead of this weeks 4th July holiday.
Read MoreOn Monday, the Australian sharemarket initially declined slightly with the S&P/ASX 200 Index closing down 0.2% at 7750.7 points, as seven sectors recorded losses.
Read MoreThe Australian sharemarket opened lower due to anticipation surrounding elections in the UK and France, amidst ongoing global uncertainty. At 11:35am, the S&P/ASX 200 is 0.29 per cent lower at 7,745, with technology stocks, notably WiseTech, declining by 1.9% and 4% respectively. Investors are also monitoring upcoming French elections, while domestic focus shifts to upcoming economic data releases and Reserve Bank policy minutes tomorrow.
Read MoreThe Australian sharemarket opened lower due to anticipation surrounding elections in the UK and France, amidst ongoing global uncertainty. At 11:35am, the S&P/ASX 200 is 0.29 per cent lower at 7,745, with technology stocks, notably WiseTech, declining by 1.9% and 4% respectively. Investors are also monitoring upcoming French elections, while domestic focus shifts to upcoming economic data releases and Reserve Bank policy minutes tomorrow.
Read MoreUS stocks edged lower on Friday as investors processed new economic data indicating a slowdown in inflation and better-than-expected consumer sentiment figures. The market also wrapped up a robust first half of 2024.
Read MoreMarkets continued to drift as investors stay on the sideline ahead of key inflation data due out on Friday US time.
Read MoreAt 11:30am, the S&P/ASX 200 is 1.18 per cent lower at 7,690.90, following inflation data that exceeded expectations, showing a 4 per cent increase for the year to May.
Read MoreEquity markets hovered around flat most of the day as investors stayed on the sidelines ahead of key inflation data due out on Friday.
Read MoreAustralia's sharemarket fell over 50 points on Wednesday, with the S&P/ASX 200 dropping 0.7% to 7779.5, following a spike in May's consumer price index to 4%, higher than expected.
Read MoreAustralian shares declined, mirroring losses seen in European and American markets, as investors awaited the release of Australia's monthly CPI data. The upcoming inflation figures, anticipated to increase from 3.6 per cent to 3.8 per cent annually, are crucial amid global economic uncertainties.
Read MoreNvidia snapped a three day sell off and led the broader market higher as investors remain cautious ahead of key inflation data due out later this week.
Read MoreAustralian shares climbed across the board on Tuesday, with the S&P/ASX 200 Index rebounding 1.4%, its biggest one-day gain since mid-May, nearing its record high.
Read MoreAustralian shares surged shortly after trading began on Tuesday, following Wall Street's lead as equities approached all-time highs, despite Nvidia's continued decline.
Read MoreThe Dow Jones outperformed the two other major indices as investors appeared to rotate out of tech and into financials and utilities, whilst the sell off in Nvidia gathered pace.
Read MoreThe Australian sharemarket experienced a decline on Monday, influenced by a series of disappointing company updates, leading to increased investor caution ahead of the upcoming monthly inflation report.
Read MoreShares on Australia's S&P/ASX 200 Index declined at the opening bell due to concerns over potential inflation acceleration prompting the Reserve Bank to consider raising interest rates, contrasting global easing trends. Healthcare stocks, notably ResMed, suffered significant losses following disappointing trial results. Additionally, weakened commodity prices, including a decline in Singapore iron ore futures, impacted mining shares like BHP.
Read MoreThe broader market index drifted lower on Friday as the recent Nvidia led rally finally looks to have run out of momentum.
Read MoreOil is set for consecutive weekly gains as a surprise draw in US inventory levels and strong demand signaled buoyant conditions in the world's top oil consumer, with West Texas Intermediate trading above $81 a barrel and Brent near $86.
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