Markets

The Australian sharemarket fell by ~0.7% on Wednesday, with losses from the big banks driving the index lower. Zip Co (Z1P) hit a record high and surged by 27% after kicking off a partnership with eBay Australia.

The Australian sharemarket is down by 1.2% on Wednesday, making it its worst performance in four weeks due to heavy losses from the banks.

The S&P500 and Nasdaq indexes hit fresh all-time highs. US and China officials reaffirmed their commitment to the ‘Phase One’ trade deal. Moderna said it’s near a deal to supply 80 million vaccine doses to the EU. Shares of Facebook (+3.5%) hit record highs after unveiling a series of tools designed to expand shopping on its platform. But Apple shares retreated 0.8% ahead of its 4-to-1 stock split. Shares of electronics retailer Best Buy fell 4% after warning of a slowdown in sales in the third quarter. The Dow Jones index fell by 60 points or 0.2%. But the S&P500 index lifted 0.4% and the Nasdaq index gained 86 points or 0.8% -both record closes.

The Aussie market is lifting on Tuesday with the ASX 200 boosted by a solid lead from US markets and a rally for the big four banks.

US sharemarkets lifted on Monday in response to news on advances in the war against the coronavirus. But dampening sentiment was the stalled talks by US Congress on a fresh aid package for the jobless.

The Aussie market is higher to start the week after a late rally helped the ASX 200 close around the highs of the day. Mining, communications, and tech stocks helped drive broader gains while financials, energy, and property stocks acted as a drag.

The Aussie market is turning around a softer start to the week with the ASX 200 higher around midday. While banks, energy and healthcare remain weights, gains particularly for tech, telcos and retailers are helping keep the benchmark index in positive territory.

Both the S&P 500 and Nasdaq are at record highs. Economic data encouraged investors. A 5.15% lift in shares in Apple drove markets higher. The Dow Jones index rose by 191 points or 0.7%. The S&P500 index lifted 0.3% to record highs.

The Australian sharemarket failed to lift after hitting a two month high on Wednesday and starting the day a little higher this morning.

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The Australian sharemarket is flat at lunch after edging higher on the open. A decline from banks, CSL and BHP are weighing on the ASX 200 which has been range-bound all week.

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Shares fell early in the trading session on disappointing US economic data. But a rally in tech giants Apple (+2.2%), Tesla (+6.6%), Microsoft (+2.3%) and Amazon (+1.1%) boosted indexes.

The Aussie market fell by 0.77% today, wiping out Wednesday’s gains after local shares hit 2-month highs.

The Aussie market is down by close to 1% at lunch on Thursday due partly to losses from gold miners, energy stocks, industrials and financials.

Shares in Target rose 12.7% on record sales figures. Shares in Apple rose 0.1% and during the session the company was the first to pass US$2 trillion in market capitalisation. The Dow Jones index fell by 85 points or 0.3%. The S&P500 index fell 0.4%. And the Nasdaq index fell by 64 points or 0.6%.

The Aussie market hit a two-month high and was a whisker away from 6,200pts (a five-month high). Gains from banks, CSL Limited (CSL), Wisetech (WTC) and a number of consumer discretionary companies helped keep the market positive.

The Australian sharemarket is improving at lunch on Wednesday and is closing in on an elusive five-month high the ASX 200 has failed to crack through on three occasions in two months.

The S&P500 and Nasdaq indexes both closed at record highs as technology shares rallied and US housing data added to investor optimism. Shares of Amazon (+4.1%) and Tesla (+2.8%) both jumped.

The ASX 200 has made back most of Monday’s losses with the index gaining 47 points or 0.77% to 6,123. The health sector, particularly CSL Ltd (CSL) and Cochlear (COH) made the biggest difference with the two stocks alone adding 21 points to the ASX 200’s 47 point rally. Banks remained a weight while Treasury Wine Estate (TWE) slumped 14%.

The Aussie market is holding onto slim gains at lunch with improvements for healthcare, materials and IT offsetting declines among the banks, staples and energy. Westpac (WBC) is the largest individual weight after it decided to scrap its interim dividend at a Q3 update while Cochlear (COH is jumping on its FY20 profit release.