S&P 500 gains following Powell’s comments
The S&P 500 rose Wednesday as investors attempted to turn a corner following back-to-back losing sessions on Wall Street.
Read MoreThe S&P 500 rose Wednesday as investors attempted to turn a corner following back-to-back losing sessions on Wall Street.
Read MoreOn Wednesday, the Australian sharemarket saw a modest increase driven by gains in the financials and real estate sectors, with the S&P/ASX 200 Index rising by 0.1% to 7733.5 while the Australian dollar remained steady just below US65¢.
Read MoreAustralia's gross domestic product expanded by 0.2 per cent in the fourth quarter, missing forecasts, prompting speculation that the Reserve Bank of Australia may consider adjusting interest rates despite maintaining them at 4.35 per cent in recent meetings.
Read MoreUS stocks fell for a second session Tuesday, as steep declines in major tech names such as Apple dragged the broader market further from the record highs recently reached.
Read MoreAustralian shares experienced a slight decline on Tuesday, marking the second consecutive session of losses, although gains in healthcare and gold stocks partially offset broader market declines.
Read MoreBitcoin has reached a two-year high, nearing its all-time peak of $68,999.99, following a 50% surge this year, fueled by the approval of spot bitcoin exchange-traded funds by US regulators.
Read MoreUS stocks retreated Monday despite a rallying group of technology stocks tied to the artificial intelligence boom.
Read MoreThe ASX declined in its first session of the week, with the S&P/ASX 200 closing 0.1% lower amid concerns over upcoming GDP figures, particularly after a larger-than-expected decline in inventories, while real estate stocks rose 1.3% and gold stocks rallied on increased gold prices.
Read More04 March 2024 – Australian real estate and tech stocks are the best performing after the tech-heavy Nasdaq Composite and S&P 500 closed at record highs on Friday 16,274.94 and 5137.08, respectively. Fresh US manufacturing data on Friday added to hopes the Federal Reserve will begin cutting rates in the first half of this year.
Read MoreThe Nasdaq Composite rose to an all-time high Friday, surpassing its 2021 record, as investors bet that megacap technology stocks were the best way to play slowing inflation and a coming artificial intelligence boom.
Read More01 March 2024 – At the open, Australian shares, led by gains in the technology and resources sectors, reached a record high of 7733.2 points, rising by 0.2 per cent, with optimism fueled by expectations of central bank rate cuts in 2024. At 11:30am, the S&P/ASX 200 is 0.03 per cent higher at 7,700.80.
Read MoreThe Nasdaq Composite advanced Thursday, rising to its first closing record since November 2021.
Read MoreIn January, retail sales increased by 1.1%, falling short of the expected 1.5% growth, indicating volatility in spending patterns. Despite a rise to $35.7 billion in sales, the year-on-year increase was only 1.1%, reflecting weak performance relative to the country's rapid population expansion.
Read MoreUS stocks ticked lower Wednesday as investors looked ahead at the personal consumption expenditure reading for January, which is the Federal Reserve’s preferred measure of inflation, due later this week.
Read MoreOn Wednesday, the ASX experienced a slight decline, ending a four-day winning streak, with the ASX 200 falling by 0.03%, attributed to disappointing earnings reports from major companies.
Read MoreAustralia's Consumer Price Index grew by 3.4% in January, falling below analysts' expectations of a 3.6% increase, holding steady from December's level.
Read MoreThe S&P 500 and the Nasdaq Composite ended Tuesday’s session with modest gains as investors prepared for key inflation data to be released later this week.
Read MoreOn Tuesday, the S&P/ASX 200 Index closed slightly higher by 0.1%, with consumer staples leading the gains due to Coles' strong earnings report, which saw its shares rise by 5.5%.
Read MoreStocks dipped shortly after the market opened, mirroring the downturn on Wall Street. Declines were led by property and mining sectors, outweighing the gains seen in consumer-related stocks amidst a flurry of corporate earnings reports.
Read MoreThe S&P 500 slipped on Monday as the broad market index retreated from its record notched last Friday and investors awaited key inflation data.
Read MoreOn Monday, the Australian sharemarket experienced a slight increase, with the S&P/ASX 200 rising by 0.12% to reach 7,652.80 at the close of trading.
Read MoreAustralian stocks are experiencing an upswing this Monday, buoyed by the same positive sentiment that propelled Wall Street to a new record last Friday, leveraging the momentum from Nvidia's historic rally.
Read MoreThe S&P 500 stabilised on Friday after hitting another record as investors wrapped the week on a high note.
Read MoreThe S&P/ASX 200 increased by 0.4% on Friday at 11:30am, primarily driven by a notable 2.2% increase in the technology sector, reflecting a broader global market uptrend fueled by growing demand for artificial intelligence products. Wall Street witnessed record highs as both the S&P 500 and Nasdaq Index reached new peaks.
Read MoreThe S&P 500 surged to new highs on Thursday after chip giant Nvidia reported much stronger-than-expected quarterly results, lifting the broader market and tech sector.
Read MoreThe Australian sharemarket declined as Woolworths' announcement of declining sales volume led to a 0.7% drop in the S&P/ASX 200 index, with consumer staples suffering the most.
Read MoreIn the fourth quarter, Australia's Wage Price Index increased by 0.9 percent, aligning with analysts' consensus expectations. This growth, rising from 1.3 percent in the previous quarter, highlights a key factor influencing inflation and monetary policy decisions by the Reserve Bank of Australia, particularly as it forecasts further increases in wage growth.
Read MoreUS stocks fell Tuesday led by Nvidia and a broader tech decline ahead of the chipmaker’s earnings report.
Read MoreAustralian shares declined, tracking losses in Asian markets despite a larger-than-anticipated interest rate cut in China, driven by BHP's lowest half-year profit in eight years.
Read MoreAustralian stocks declined as mining and energy sectors retreated, prompted by a significant overnight decline in iron ore prices and BHP reporting its weakest half-year profit in eight years.
Read MoreThe Pan-European Stoxx 600 was slightly higher Monday, off the back of largely positive sentiment last week.
Read MoreThe S&P 500 index experienced a 0.5% decline on Friday following the release of a US producer price index report indicating a rise in prices, particularly attributed to increased service costs, retracting from its previous record high.
Read MoreStocks slid Friday after yet another hot inflation report stoked fears that Federal Reserve rate cuts may not arrive until later than anticipated this year.
Read MoreAustralian shares surged 0.5% by 11:30am, driven by gains in mining stocks due to rising commodity prices and a weakening US dollar, with the S&P 500 Index reaching a record high on Wall Street.
Read MoreUS stocks climbed for a second day Thursday, helped by lower Treasury yields, as Wall Street clawed back the steep losses suffered earlier in the week.
Read MoreThe technology sector saw a notable surge in stock prices following the announcement of a $9.1 billion takeover bid for Altium, propelling the benchmark S&P/ASX 200 Index to a 0.8% increase, with technology shares specifically soaring by 6.8%.
Read MoreIn January, Australian employment saw a modest increase of 500 jobs, while the unemployment rate rose to 4.1 percent from the previous 3.9 percent, contrary to the consensus expectation of 30,000 jobs created and a 4 percent unemployment rate.
Read MoreThe S&P 500 rose Wednesday as Wall Street tried to claw back some of the steep losses suffered in the previous session.
Read MoreThe Australian sharemarket saw a 0.7 per cent decline, with the S&P/ASX 200 index dropping 55.9 points at closing, primarily due to dashed hopes of an immediate rate cut by central banks triggered by a hotter-than-expected United States CPI result.
Read MoreThe Australian sharemarket saw a 0.7 per cent decline, with the S&P/ASX 200 index dropping 55.9 points at closing, primarily due to dashed hopes of an immediate rate cut by central banks triggered by a hotter-than-expected United States CPI result.
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