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Investors balanced the scope for more fiscal stimulus against the potential for more lockdowns. Shares in Goldman Sachs lost 1.5%, weighing on the Dow Jones index.

Despite losing ground early in the day on record COVID-19 numbers in Victoria, the Australian sharemarket rose slightly this afternoon, adding to gains this week.

The Australian sharemarket has pulled back following a record number of new cases in Victoria and upgraded restrictions in NSW.

Investors focused on signs of an economic recovery, despite growing civil unrest across the US. Shares dipped in early trading following reports that Chinese officials had told agricultural companies to pause some purchases of US farm goods, threatening the US-China trade deal.

It was a volatile day for the Australian sharemarket, with the ASX 200 up this morning, down as much as 1% at one stage only to finish 0.7% lower by the close. Mining, healthcare and bank stocks were among the worst performers.

The Australian sharemarket continues its messy performance this week, with the ASX 200 down by ~0.2% at lunch. Data on jobs for June was mixed, with more jobs added but a bigger lift in the unemployment rate.

US sharemarkets lifted following news of progress made by biotech, Moderna, on a COVID-19 vaccine. News on a potential vaccine from the University of Oxford could also be announced on Thursday.

Even as rising COVID-19 cases remains a cause for concern, the Aussie market rallied to its best day in around a month on optimism from promising vaccine trial results in the US. The ASX 200 rallied 112 points or 1.88% to 6053 on broad-based gains.

The Aussie market is bouncing back from Tuesday’s losses with the ASX 200 lifting back above 6,000 points and hitting the best levels in over a month. Tech and mining stocks have been the major drivers of broader gains.

Growing concerns of a COVID-19 second wave in Australia along with a flare up in US-China tensions saw the ASX 200 fall by 36 points or 0.6% on Tuesday. The local tech sector led declines with buy-now pay-later stocks among the hardest hit, led by Afterpay (APT).

The Aussie market hasn’t managed to maintain Monday’s momentum with the ASX 200 sliding at lunch on Tuesday. While selling has been widespread it is the tech sector that is leading declines.

The Dow Jones jumped more than 500 points, the S&P500 index briefly turned positive for the year and the Nasdaq hit record intra day highs earlier in the session.

Aussie shares have rallied on Monday as financial & mining stocks helped push the ASX 200 1% higher. Both Star Entertainment Group (SGR) & Estia Health (EHE) both closed in the red with confirmed cases of COVID-19 recorded by both companies.

The Aussie market is pushing higher to start the week following a decent lead from Wall Street. The ASX 200 is off its highs on the open but is still more than recouping the losses from last Friday. The big banks & miners are driving improvements.

Investors were encouraged by news that Gilead’s remdesivir drug was found to significantly improve clinical recovery and reduced the risk of death in COVID-19 patients. Shares in Gilead rose 2.2%. Shares in Netflix rose 8.1% on a broker upgrade.

The Australian sharemarket fell by 0.6% on Friday, with losses accelerating following record COVID-19 numbers in Melbourne. Travel stocks fell heavily while buy-now-pay-later companies hit record highs.

The Aussie market is slightly lower for a fourth time this week, although the ASX 200 has bounced off its intraday low. Losses from energy and mining stocks are weighing most heavily.

Shares had opened higher after data showed the number of Americans filing for jobless benefits dropped to a near four-month low last week.

While the Australian sharemarket edged higher by 0.6% on Thursday, the ASX 200 was up as much as 1.33% earlier. Mining stocks did much of the heavy lifting, Afterpay hit a record high while Utilities based in New Zealand struggled.

The Australian sharemarket is posting its first improvement in four days, with almost all sectors heading higher. Materials and Financials are doing most of the heavy lifting while Utilities are slumping.

Investors looked past rising US-China tensions and sought out companies thought to be insulated from rising US virus infections. High flying tech megacaps Apple (+2.3%) and Microsoft (+2.2%) boosted all three indexes.

A weak lead from Wall Street, a drop in Dow futures and the Stage 3 lock-down in metro Melbourne kept markets under pressure for a third day.

The Aussie market is yet to improve this week, with the ASX 200 easing by ~0.2% as a weak lead from Wall Street and Stage 3 lockdown on metro Melbourne weigh on stocks.

Investors focussed on news that some US states had re-instituted lockdown restrictions. Shares in Novavax rose 31.6% after being awarded a US$1.6 billion government contract to test, manufacture and commercialise a COVID-19 vaccine. The Dow Jones index fell by 397 points or 1.5% to near session lows. The S&P500 index fell by 1.1%. The Nasdaq index was lower by 90 points or 0.9%.

It was another day of ups and downs for the ASX 200 with plenty of news flow to keep the market moving. The index ended mostly flat as investors reacted firstly to the RBA rate decision and then Melbourne lockdown set to start from tomorrow.

The Aussie market has put the brakes on a fast start with the ASX 200 reversing from 1% gains on the open. The index is hovering around the flat line after several hours of trade as energy, health & bank losses weigh against gains for tech & miners.

A revival in China’s economy and a record jump in US services sector activity boosted sentiment. Amazon (+5.8%) shares hits US$3,000 for the first time and Netflix (+3.6%) shares hit all-time highs pushing the Nasdaq index to fresh record highs.

It was a rather lacklustre start to the new week for the Aussie market with the index swinging between gains and losses before finishing at the lows of the day.

The ASX 200 has traded in quite a narrow range in the first few hours of trade as investors continue to weigh up the economic recovery against fresh spikes in COVID-19 cases.

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On Thursday, the Dow Jones index rose by 92 points or 0.4%, supported by a 0.3% lift in Boeing shares. The S&P500 index lifted by 0.5%. The Nasdaq index was higher by 53 points or 0.5% to a record closing high.

The Aussie market rose for a fourth day, improve by 2.6% this week, and hit a three-week high in the process. The ASX 200 also closed above 6,000pts for the second day.