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US House speaker Nancy Pelosi said a deal on new coronavirus aid was “just about there”, despite continued opposition from the Republican-controlled Senate. Shares of JPMorgan Chase gained 3.5% as the 10-year US Treasury yield hit 4-month highs on stimulus hopes. AT&T shares rallied 5.8% after the phone giant added more wireless subscribers than analysts estimated. Tesla shares climbed 0.8% after reporting its fifth consecutive quarterly profit on record revenue of US$8.8 billion. Coca-Cola shares gained 1.4% as it beat quarterly results expectations. Dow shares rose 0.6% after its solid profit result. Chipotle Mexican Grill shares fell 4.9% as it posted a drop in quarterly profit. The Dow Jones index rose by 153 points or 0.5%. The S&P500 index also gained 0.5% and the Nasdaq index was up by 21 points or 0.2%.

The Aussie market eased by just 0.3% on Thursday. Earlier, the ASX 200 was down five times as much after the FBI warned that Iran and Russia attempted to interfere with the US election.

The Aussie market is down 1.2%, with all sectors in the red as the self-imposed deadline for a US coronavirus support package passes while news of Iran & Russia interfering in the US election pushed stocks even lower.

Investors continued to assess progress on a stimulus deal with ongoing talks between US House of Representatives Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin.

The Aussie market rose by just 0.1% on Wednesday as closely watched stimulus talks continue in the US. The ASX 200 closed below 6,200pts.

The Australian sharemarket is up slightly at lunch, with the ASX 200 continuing to struggle to stay above 6,200pts for more than a day at a time.

US House Speaker Nancy Pelosi said Democrats and the White House are closing in on an aid package, though the Republican-controlled Senate remains in favour of a smaller deal.

The Aussie market fell by 0.72% on Tuesday, wiping out most of Monday’s gains due to losses across 70% of stocks. Afterpay (APT) hit a record high after announcing a partnership with Westpac (WBC).

The Australian sharemarket is down by 0.3% at lunch, with technology stocks the lone improvers. Afterpay (APT) hit a fresh record high after announcing a partnership with Westpac (WBC).

Matt Williams, Portfolio Manager of the Airlie Australian Share Fund, discusses the outlook for the Australian share market and examines which companies are set to benefit most from the federal government’s budget stimulus.

Opposition to a sizable pandemic aid package hardened in the Republican-controlled US Senate. Shares of Apple (-2.6%), Amazon (-2%), Alphabet (-2.4%), Facebook (-1.7%) and Microsoft (-2.5%) all dragged on indexes. Oilfield services provider Halliburton (-0.7%) posted a fourth consecutive quarterly loss.

The Australian sharemarket rose by 0.85% on Monday, hitting a 7-month high and making it the ninth gain in 11 days thanks to broad gains across almost all sectors.

The Aussie market’s gains continue, with the ASX 200 up 1% thanks to gains from mining, financial, healthcare and tech stocks.

Shares in Pfizer rose 3.3% after it said it could seek authorisation for a vaccine it is working on in November. There was continued wrangling over a new pandemic relief package.

The Australian sharemarket eased by 0.5% on Friday after lifting by more than 1% this week and over 6% so far this month. Almost all sectors declined.

We continue to unearth small-cap companies as part of our Hidden Gems webinar series. Catch up on this edition with presentations from Golden Mile Resources, Lake Resources, Tempest Minerals and Cleanteq.

The Australian sharemarket is running on the spot at lunch after what has been a strong week and encouraging start to October for local equities.

The number of Americans filing new claims for jobless benefits hit two-month highs last week. US House Speaker Nancy Pelosi told Democrats that a COVID-19 relief package won’t wait until January.

The Aussie sharemarket jumped by 0.5%, recouping Wednesday’s falls with the ASX 200 closing above 6,200pts for the first time since 6 March.

The Australian sharemarket is up on Thursday, doing enough to recoup Wednesday’s losses and pushes the market higher for an eighth time in nine days.

US sharemarkets fell on Wednesday after US Treasury Secretary Steven Mnuchin down played the chances of striking a stimulus deal before the election.

The Australian sharemarket fell by 0.27% on Wednesday, snapping a seven-day winning streak while remaining near a seven-month high.

The Australian sharemarket is only down by a few points after lifting for seven consecutive days and hitting a seven-month high on Tuesday.

US sharemarkets closed lower on Tuesday as the stalemate over fresh economic stimulus continued. The Dow Jones index fell by 157 points or 0.6%. The S&P500 index also lost 0.6% and the Nasdaq index was down 12 points or 0.1%.

The Aussie market surged by 1%, extended its winning streak to seven days and hit a seven-month high. Banks rose strongly, Telstra surged after re-iterating earnings, while coal miners fell after Beijing’s comments.

We continue to unearth small-cap companies as part of our Hidden Gems webinar series. Catch up on this edition with presentations from Volpara Health, Galan Resources, Amaero Engineering and Family Zone.

There was a rally in some of the world’s largest technology companies. Shares of Amazon.com (+4.8%) surged ahead of its Prime Day shopping event on Tuesday. Apple (+6.4%) is expected to unveil its first 5G iPhone also on Tuesday.

The Australian sharemarket rose by 0.5% on Monday, extending the ASX 200’s winning streak to six days and follows the best weekly advance in six months.

The Australian sharemarket is barely hanging onto gains on Monday, following a 5.4% surge last week (best week since mid-April). Tech stocks and gold miners are helping this morning.

There were continued hopes for a new fiscal stimulus package. Advanced Micro Devices said it was in talks to buy chipmaker Xilinx in a deal valued at more than $30 billion.

The Aussie sharemarket avoided a decline this week, with the ASX 200 surging by 5.4% in just five days. While every sector rose this week, energy stocks, banks and technology companies stood out.