Nasdaq suffers worst month of 2023
The Nasdaq Composite registered a fifth consecutive winning day, but still suffered its worst monthly loss of 2023. The tech-heavy index added 0.11 per cent to end Thursday’s session at 14,034.97.
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ASX closes 0.1% higher: August records loss of 1.4%
The S&P/ASX 200 index increased by 7.6 points or 0.1%, reaching a closing value of 7305.3.
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S&P 500 advances after release of fresh economic data
The S&P 500 advanced Wednesday for a four-day winning streak, as investors assess new US economic data.
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Investors flock back to tech stocks after strong economic data
The Nasdaq Composite climbed more than 1% Tuesday, as investors flocked back to tech stocks in the final days of what’s been a difficult August for the market.
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Wall St aims to recover as stocks rise to start final Aug trading week
Stocks rose Monday to kick off the final trading week of August, with Wall Street looking to regain ground amid a month of losses.
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ASX up 0.63% at noon: Retail sales increase 0.5% in July
In July, there was a 0.5% in Australian retail sales, surpassing the anticipated 0.3% rise and recovering from an unexpected decline the previous month. This growth in July contrasts with a 0.8% decrease in June 2023 and a corresponding 0.8 % expansion in May 2023.
Read MoreStocks lift after Fed’s annual conference in Jackson Hole
Stocks rallied Friday as traders cheered comments from Federal Reserve Chairman Jerome Powell at the annual central bank conference in Jackson Hole, Wyoming, that point to stronger-than-expected economic growth.
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The Dow records its worst day since March
Stocks fell sharply Thursday after a tech rally, sparked by stronger-than-expected Nvidia results, was short-lived. Traders also braced for a key speech from Federal Reserve Chairman Jerome Powell.
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Nvidia reports better than expected earnings after the bell
Stocks ended higher on Wednesday as Wall Street awaited the latest quarterly figures from Nvidia, which has just been reported after the bell.
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ASX up 0.7% at noon as more earnings are released
At noon, the S&P/ASX 200 is 0.69 per cent higher at 7,170.90, primarily driven by positive earnings results from Woolworths (ASX:WOW) and Domino's Pizza (ASX:DMP).
Read MoreS&P500 falls as Treasury yields rise
The S&P 500 fell Tuesday, weighed by concerns over rising Treasury yields ahead of a key speech later this week from Federal Reserve Chairman Jerome Powell, as well as declines in banking and retail shares.
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ASX down 0.07% at noon as Tech rallies
At noon, the S&P/ASX 200 is 0.07 per cent lower at 7,110.50, due to losses by key stocks offset a rally in technology shares.
Read MoreNasdaq gains as Nvidia pops ahead of earnings report
The Nasdaq Composite snapped a four-day losing streak on Monday, even as Treasury yields reached levels not seen in over a decade.
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Afternoon update: ASX dips 0.11%, Allkem shines, Global markets mixed
The S&P/ASX 200 index is currently trading 0.11 per cent lower at a value of 7,140.20. The SPI futures are down by 14 points.
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Dow records worst weekly performance since March
Stocks closed Friday's session with weekly losses, as Wall Street's August struggles continue.
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US stocks slide as investors assess jobs data and new earnings
Stocks slid for a third session on Thursday as investors digested the latest round of earnings and economic data.
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Stocks fall for a 2nd consecutive day as investors assess the Fed’s July meeting
Stocks fell Wednesday as investors digested a summary of the Federal Reserve’s July meeting, which hinted at potentially higher rates.
Read MoreASX closes 1.5% lower as Tech falls by 2.93%
On Wednesday, the ASX experienced a significant drop in response to a global sell-off that took place overnight. At the closing bell, the S&P/ASX 200 was 1.5 per cent lower at 7,195.20.
Read MoreASX down 1.31% as China’s deflation concerns spooks investors
China's shift towards deflation is causing concern in financial markets, yet some money managers suggest potential positive outcomes, as lower prices stemming from China's role as a major global producer could lead to reduced costs worldwide.
Read MoreStocks suffer as China’s data figures disappoint
Stocks fell Tuesday as concern over the state of the economy – China in particular – and a decline in US banks combined to pressure Wall Street.
Read MoreASX closes 0.4% higher as gold price hits five-month low
The price of gold has dropped to a five-month low due to improved expectations of a gentle economic slowdown in the US and a series of disappointing economic indicators from China.
Read MoreAfternoon update: ASX 0.53% higher, China unexpectedly cuts rates
The S&P/ASX 200 index is currently trading 0.53 per cent higher at 7,315.80. Wages have seen a 0.8 per cent increase, falling short of the anticipated 0.9 per cent growth.
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