European markets weaker as US markets closed for Martin Luther King holiday
European stocks closed lower Monday as US markets were closed for a holiday and investors in the region gear up for the World Economic Forum in Davos, Switzerland.
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ASX closes flat: Energy surges over 2%
Aus shares closed flat, while Santos' NT gas project received the green light. Super Retail rallied on on a $2 billion sales update.
Read MoreASX down 0.08%: Energy is leading sectors
Australian shares are trading lower ahead of Wall Street being closed for Martin Luther King Day.
Read MoreDow records decline following initial wave of fourth quarter earnings report
The Dow Jones industrial Average slipped Friday as traders parsed through the first batch of fourth-quarter earnings and digested the second in a pair of closely watched inflation reports this week.
Read MoreASX down 0.04% at noon: Oil prices surge
Oil prices surged after the US and UK conducted airstrikes on Houthi rebel targets in Yemen in response to the group's attacks on ships in the Red Sea.
Read MoreUptick in US CPI data weighs on markets
Stocks moved lower Thursday, shrugging off a fresh round of inflation data that reflected an uptick in consumer prices for December.
Read MoreASX closes 0.5% higher: 8 out of 11 sectors advance
On Thursday, shares in the Australian stock market rose, with the S&P/ASX 200 gaining 0.5%, driven by a tech rally on Wall Street and the approval of bitcoin exchange-traded funds in the US.
Read MoreAfternoon update: ASX up 0.5%, Bitcoin ETFs approved in US
Australian shares are up 0.5 per cent by mid-afternoon, boosted by Wall Street's mega-cap tech stock rally and the approval of US bitcoin exchange-traded funds.
Read MoreASX up 0.4%: Bitcoin surges after SEC approvals
Bitcoin surged past US$47,000, and Ethereum saw a more than 10% increase following the approval of spot bitcoin exchange-traded funds (ETFs) by US regulators.
Read MoreUS market pushes higher as investors prepare for inflation data
US stocks traded higher Wednesday, with investors awaiting the release of fresh US inflation data and earnings tomorrow.
Read MoreASX closes 0.7% lower: Inflation data suggests RBA may maintain cash rate in Feb
The Australian sharemarket experienced a decline, driven by falls among mining companies despite a cooler-than-expected inflation gauge. The S&P/ASX 200 dropped 0.7% to 7468 points, with the All Ordinaries following a similar trend. The benchmark index had fallen in five of the last six sessions, resulting in a 1.6% decrease since the start of the year.
Read MoreAfternoon update: ASX down 0.55% as inflation cools in November
Australian shares are down 0.55 per cent by mid afternoon following a weak Wall Street performance and lower-than-expected November inflation.
Read MoreASX down 0.16% at noon: inflation in Australia decreased to 4.3% in November
In November, inflation in Australia decreased to 4.3%, which was lower than the expected 4.4%, marking a crucial economic data point that will influence the Reserve Bank's upcoming monetary policy decision in February.
Read MoreTech stocks lift amidst early 2024 challenges
The S&P 500 trimmed an earlier decline Tuesday, boosted by tech shares, as Wall Street looked to regain its footing after a tough start to 2024.
Read MoreASX closes 0.9% higher: Tech sector surges
Australian shares surged on Tuesday, driven by a strong performance on Wall Street and the best monthly retail sales report in two years.
Read MoreAfternoon update: ASX up 1.09% on Wall Street boost and retail sales
Australian shares rallied by 1.09 per cent during mid-afternoon trading, boosted by a strong performance on Wall Street and the best monthly retail sales report in three years.
Read MoreASX up 1.01% at noon: Australia’s retail sales rise 2% in November
Australian retail trade exceeded market expectations by rising 2% in November, driven by Black Friday sales, with a year-on-year increase of 2.2%.
Read MoreTech shares boost the broader market index
Overnight, the major averages rose, thanks to strong performance in the tech sector, as Wall Street aimed to bounce back from a challenging week.
Read MoreASX closes 0.5% lower following US jobs data
Australian shares extended their four-day losing streak as a result of US jobs data over the weekend, which reduced expectations of rate cuts.
Read MoreAfternoon update: Shares slip as traders unwind January rally
Australian shares are sliding in the final trading hours of Monday, continuing a tough start to the year due to traders unwinding last month's market rally.
Read MoreEnergy stocks drive market higher: ASX up 0.18% at noon
Australian shares have shown a modest increase near midday, rebounding from a challenging start to the year. Traders are eagerly awaiting further information regarding global economic inflation concerns.
Read MoreMajor US indices end 9-week win streak
The S&P 500 closed Friday slightly higher, but all three major indices ended a nine-week winning streak due to a better-than-expected jobs report.
Read MoreNasdaq and Tech weakness pushes market to a fifth consecutive losing session
The Nasdaq Composite closed lower on Thursday for a fifth consecutive losing session — its longest losing streak since October 2022.
Sources: Bloomberg, FactSet, IRESS, TradingView, UBS, Bourse Data, Trading Economics, CoinMarketCap.
Read MoreInvestors sell off as S&P500 closes lower on first day of trading for 2024
Sources: Bloomberg, FactSet, IRESS, TradingView, UBS, Bourse Data, Trading Economics, CoinMarketCap.
Read MoreS&P 500 continues to inch towards new all time high ahead of New Year
The S&P 500 finished marginally higher Thursday, closing in on a new all-time high in the penultimate trading day or what’s been a strong year for stocks.
Read MoreS&P 500 inches towards new record
Stocks finished higher Wednesday as traders kept an eye on the S&P 500's march toward record levels.
Read MoreS&P500 rises to less than 1% below it’s all-time high
Stocks rose to start the last week of the year, pushing the S&P 500 closer to record levels.
Read MoreUS markets bounce back to resume year end rally
Stocks had a strong rebound on Thursday, as the S&P 500 recovered from its worst day since September, reigniting the year-end rally. The Dow Jones Industrial Average saw a significant gain of 322.35 points, equivalent to 0.87%, closing at 37,404.35. Simultaneously, the Nasdaq Composite surged by 1.26% to reach 14,963.87.
Read MoreASX pulls back from highest level in 10 months
Australian stocks pulled back from their highest levels in ten months, echoing a pause in the upward momentum seen on Wall Street. Notably, the technology and consumer discretionary sectors experienced the most significant declines.
Read MoreASX down 0.33% at noon following Wall Street’s poor performance
At noon, the S&P/ASX 200 is 0.33 per cent lower at 7,512.80, tracking a sudden decline occurred on Wall Street, with traders cashing in on their gains following a significant surge in stock prices that had driven the major indices to all-time highs.
Read MoreS&P 500 rally runs out of steam
Stocks tumbled on Wednesday as investors cashed in some profits following the market’s recent hot streak, and FedEx dragged the S&P 500 lower.
Read MoreASX closes 0.7% higher
On Wednesday, the Australian stock market made gradual progress towards a potential all-time high, mirroring the upward momentum seen on Wall Street. This movement was driven by investors adjusting their positions in anticipation of the US Federal Reserve initiating interest rate cuts in the coming year.
Read MoreASX up 0.63% at noon as it nears historic peak
The Australian stock market is steadily approaching a historic peak, mirroring the surge on Wall Street, as investors increasingly prepare for the possibility of the US Federal Reserve commencing interest rate reductions in the upcoming year.
Read MoreYear-end comeback lifts S&P 500 to brink of record highs on Tuesday
The S&P 500 rose Tuesday, approaching its record high, as the Federal Reserve’s recent dovish shift on rates lifted stocks.
Read MoreASX closes 0.8% higher as M&A in resources picks up
Australian shares posted solid gains driven by increased merger and acquisition activity in the resources sector and a surge in oil prices due to concerns about supply disruptions in the Red Sea.
Read MoreASX up 0.45% at noon as oil prices surge by 2%
Oil prices surged 2% due to increased attacks by Iranian-backed Houthi militants on vessels in the Red Sea, causing concerns about potential supply disruptions.
Read MoreStocks continue winning streak as S&P500 nears record high
The S&P 500 rose Monday as the market maintained the momentum seen during its seven-week winning streak.
Read MoreAfternoon update: ASX 200 drops 0.32% amid Real Estate sector losses
By mid-afternoon, the ASX 200 was down 0.32 per cent. This decline was primarily driven by losses in the real estate sector, particularly Charter Hall (ASX:CHC) and Dexus (ASX:DXS), which lost 1.6 per cent and 1.7 per cent, respectively.
Read MoreASX down 0.03% at noon as oil prices experience first weekly gain since October
Oil prices increased after experiencing their first weekly gain since late October due to major shipping lines suspending transit through the Red Sea, which highlighted the potential risk to the crucial artery for global crude trade.
Read MoreRecord-breaking Friday: Dow Jones and Nasdaq-100 soar to new heights
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.
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