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ASX 200 finds the Easter Bunny. Up a huge 77 points at 7897 (+1.0%) hitting a record high. Seems appropriate. The end of the quarter and end of the month helped stimulate optimism. Banks took a breather with the BIG BANK BASKET up slightly to $210.48 (0.3%). MQG rose 0.9% with insurers mixed, REITs once again in demand. When aren’t they. GMG up another 1.9% with SGP rising 1.9%. TGP was a stand out on the sale of its HPI stake, up 17.8%. Industrials shot out of the box, WOW continuing its rally up 0.5% with TLS up 2.1% and WES up 1.2%. Utilities also finding friends, ORG up 1.3%. Retail sales helped the sector getting a boost from the Swift effect. JBH up 0.6%, SUL up 3.2% and BAP up 3.6%. Resources were the stars today, iron ore miners lifting, BHP up 1.4%, RIO up 0.7% and FMG rising 2.0%. Lithium stocks also in favour as auctions from Albemarle and SQM helping sentiment. PLS up 2.1% and LTR up 2.6%. Gold stocks enjoyed another solid day with NST up 1.7% and NEM rising 3.3%. Oil and gas stocks slightly better with old king coal stocks having a strong day, WHC up 5.3%. In corporate news, REA has ditched its deal to buy Dynamic Methods on ACCC concerns. BPT rose 3.7% after announcing savage job cuts. RMS has abandoned its potential takeover bid for Canadian miner Karora. On the economic front, Retail sales were slightly worse than expected despite a Swiftie bounce. Maybe brings rate cuts closer. Asian markets mixed, Japan down 1.3%, China up 1.1% and HK up 1.6%. 10-year yields fell to 3.96%. WHY NOT SIGN UP FOR A FREE TRIAL https://marcustoday.com.au/trial-sign-up/? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? JOIN THE MARCUS TODAY COMMUNITY https://marcustoday.com.au/sign-up/.
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ASX 200 kicks another 39 points higher to 7820 (0.5%), posting a better-than-expected CPI number. 3.4% slightly ahead of consensus. Good news and bad. Banks as usual the winners with the BIG BANK BASKET up to $209.95 (0.8%). Insurers jumped after the CPI showed price hikes still above and beyond inflation. QBE up 1.2% and SUN up 2.2%. GQG had a good day rising 2.7% but PTM cratered 21.1% on cost cutting and FUM loss news. REITS mixed, GMG up 0.7% and MGR down 0.9%. Healthcare solid, CSL pushing up 1.4% on a bond issuance program, COH rising 0.6% and RMD up 2.0%. WOW and COL doing well in the industrials. Up over 1.5%+. Even TLS managed a solid 0.5% bounce. Tech a little weaker, WTC falling 1.1%. The All-Tech Index flat lined. Resources staged a fight back after early losses. RIO down 0.4% and BHP up 0.1%. Gold miners selectively doing ok, NST up 2.2% and NEM up 0.4%. Lithium finding some temporary support, PLS up 0.3%, uranium stocks a little soggy. Oil and gas stocks mixed. In corporate news, WBC announced a cunning plan to play catch up on IT spending. APM in suspense after CVC walks away and the SXL chair has retired. On the economic front, CPI came in a notch below expectations. Asian markets. Japan up 1.1%, HK off 0.6% and China off 0.5%. 10-year yields 4.00%. WHY NOT SIGN UP FOR A FREE TRIAL https://marcustoday.com.au/trial-sign-up/? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? JOIN THE MARCUS TODAY COMMUNITY https://marcustoday.com.au/sign-up/.
The S&P 500 fell for a third consecutive session on Tuesday. The broader market index slid 0.28% to close at 5,203.58, while the Nasdaq lost 0.42%, finishing at 16,315.70. The Dow Jones Industrial Average inched down by 31.31 points, or 0.08%, to settle at 39,282.33. ASX to fall. SPI FUTURES DOWN 19 POINTS (-0.24%). __ __ WHY NOT SIGN UP FOR A FREE TRIAL https://marcustoday.com.au/trial-sign-up/? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? JOIN THE MARCUS TODAY COMMUNITY https://marcustoday.com.au/sign-up/.
ASX 200 fell 32 points to 7780 in quiet trade. Winding down for Easter early it seems. Conflicting consumer sentiment surveys not helpful. Resources once again the problem. Iron ore down in Asian trade hurting commodity stocks across the board. After a steady start, lithium in China slid and iron ore under pressure. FMG dropped 1.2%, BHP off 0.6% and lithium stocks under serious pressure again. PLS down 3.6% and MIN dropping 2.8%. Gold stocks were a small voice of calm, NST up 1.6% and EVN up 0.6%, Oil and gas also doing ok finally, WDS completed the sale of part of a gas project rising 1.0%. Coal stocks flat, uranium stocks falling hard too. Banks falling slightly, the BIG BANK BASKET falling to $208.36 (-0.3%). Tech slipped, XRO down 2.7% and WTC off 2.3%. Healthcare fell too, CSL down 0.4% and RMD off 1.1%. In corporate news, MSB surprised with some rare good news from the FDA rising 45.5% on a serious short squeeze, SVW pushed back on the BLD independent valuation, PMV rose 4.4% as Lew talked about demerging Smiggle and Peter Alexander. On the economic front, consumer surveys from ANZ and WBC showed divergence. Asian markets pretty flat on low commitment days. 10-year yields pushed back up to 4.04%. WHY NOT SIGN UP FOR A FREE TRIAL https://marcustoday.com.au/trial-sign-up/? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? JOIN THE MARCUS TODAY COMMUNITY https://marcustoday.com.au/sign-up/.
The Dow Jones Industrial Average fell 162.26 points, or 0.41%, closing at 39,313.64. The S&P 500 dipped 0.31% to finish at 5,218.19, while the Nasdaq Composite was down 0.27% and settled at 16,384.47. The market is on track for its fifth consecutive month of gains, with the major U.S. stock benchmarks crossing new all-time closing high levels last week. The S&P 500 has officially gone 100 sessions without a pullback of at least 2% from a closing high. ASX to fall. SPI FUTURES DOWN 29 POINTS (-0.37%). __ __ WHY NOT SIGN UP FOR A FREE TRIAL https://marcustoday.com.au/trial-sign-up/? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? JOIN THE MARCUS TODAY COMMUNITY https://marcustoday.com.au/sign-up/.
ASX kicked another 41 points higher to a record close of 7812 (0.5%). Banks were solid again, CBA up 1.1% and ANZ slightly higher. The BIG BANK BASKET trading at $208.94(0.6%). MQG slid 0.8% despite stories of a bid for part of Heathrow Airport. Insurers flat. REITS rallied with GMG leading the way up 3.7% and MGR up 2.2%. Industrials too were solid, WOW up 0.2% and TCL running 1.1% higher. Tech stocks better, REA up 2.3% and XRO rallying 1.4%. The ALL-TECH INDEX up 1.0%. In resources, iron ore rallied dragging FMG up 3.5% on news that Twiggy is looking at copper, RIO up 0.9% and S32 continuing to rally up 1.7%. Gold miners mixed. EVN up 2.4% and SFR up 2.8% as copper stocks are in focus. Lithium stocks under a little pressure as Citi turned bearish. Oil and gas better, WDS up 1.2% and coal and uranium better. In corporate news, two more bids today, MRM and MEA and A2B voted in favour of the takeover and will be delisted in early April. Nothing on the economic front today. Asian markets were mixed, Japan down 0.6%, HK up 0.3% and China up 0.3%. 10-year yields back at 4% . WHY NOT SIGN UP FOR A FREE TRIAL https://marcustoday.com.au/trial-sign-up/? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? JOIN THE MARCUS TODAY COMMUNITY https://marcustoday.com.au/sign-up/.
The Dow dipped 305.47 points, or 0.77%, to close at 39,475.90. The S&P 500 inched lower by 0.14% to end at 5,234.18. The Nasdaq Composite added 0.16% and closed at 16,428.82 for another record. The Dow was up just shy of 2% for its best week since December. The Nasdaq is the outperformer of the three, jumping nearly 2.9%. ASX SPI Futures up 7 __ __ WHY NOT SIGN UP FOR A FREE TRIAL https://marcustoday.com.au/trial-sign-up/? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? JOIN THE MARCUS TODAY COMMUNITY https://marcustoday.com.au/sign-up/.
ASX finished the week down 11 points at 7771 (0.2%). No real damage, more apathy and quiet trading. The index rose 1.3% for the week. Weakness in banks after a stunning day yesterday, CBA down 0.4% and WBC off 0.8%. The BIG BANK BASKET slipped to $207.75 (%). MQG dropped 0.3%. Insurers rose slightly with QBE up 1.1% and SUN up 0.9%. REITS better, GMG screaming ahead up 3.4%. SCG up 1.2% and MGR rising 1.4%. Industrials mixed, TLS slipped 0.8% and WOW up 0.7% with the tech sector slightly higher, WTC up 0.8% and the ALL -TECH INDEX up %. Healthcare better, CSL up 1.7% and RMD doing well up 1.2%, on a FPH upgrade. In resources it was a sloppy day, BHP fell 0.8% with FMG easing 2.1%. Lithium stocks down too, PLS off 1.0% as lithium fell 2% plus in Asian trade. Gold miners took a break, with EVN falling 2.0% and GMD revealed a 5-year plan and fell 6.3%. Oil and gas stocks under pressure as were coal stocks. In corporate news, pretty quiet. The RBA released its Financial Stability Report, Japanese inflation came out a little higher. Asian markets a little mixed, HK down 3%, China down 1.5% with Japan unchanged. 10-year yields fell hard to 4.03%. WHY NOT SIGN UP FOR A FREE TRIAL https://marcustoday.com.au/trial-sign-up/? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? JOIN THE MARCUS TODAY COMMUNITY https://marcustoday.com.au/sign-up/.
The Dow Jones Industrial Average jumped 269.24 points, or 0.68%, to close at 39,781.37. The S&P 500 advanced 0.32% to end at 5,241.53, while the Nasdaq Composite edged up 0.20% to finish at 16,401.84. Micron Technology jumped 14% on strong earnings and notched its best day since December 2011. The news lifted the semiconductor sector, with Nvidia and Marvell Technology adding more than 1% each. Apple fell 4% on a DoJ antitrust investigation. ASX to fall though. SPI FUTURES DOWN 14 POINTS (-0.18%). __ __ WHY NOT SIGN UP FOR A FREE TRIAL https://marcustoday.com.au/trial-sign-up/? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? JOIN THE MARCUS TODAY COMMUNITY https://marcustoday.com.au/sign-up/.
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Markets lose small gains to finish flat. Energy and resources perform best, tech the worst. WHY NOT SIGN UP FOR A FREE TRIAL https://marcustoday.com.au/trial-sign-up/? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? JOIN THE MARCUS TODAY COMMUNITY https://marcustoday.com.au/sign-up/.
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Tech optimism outweighs central bank nervousness. Wall St closes higher. WHY NOT SIGN UP FOR A FREE TRIAL https://marcustoday.com.au/trial-sign-up/? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? JOIN THE MARCUS TODAY COMMUNITY https://marcustoday.com.au/sign-up/.
ASX 200 kicked off the week fighting back from early losses to close up 6 at 7676. Quiet trading ahead of a big week. Local banks moved from losses to gains with the BIG BANK BASKET up to $205.68 (0.7%). Insurers better, IAG up 0.5% and SUN ahead by 1.1%. GQG up 0.5% and MFG kicking 1.3% higher. REITS are under pressure after solid rise last week, GMG down 3.6% and SCG off 1.8%. Industrials firmed as the session wore on, Tech slightly better, XRO up 0.2% and WTC up 0.1% with the Index up 0.1%. Mining services slid after BHP announcement on nickel lay-offs, MND down 0.8% and WOR off 1.3%. In resources, iron ore dipped then rallied dragging BHP and RIO ever so slightly higher. FMG down 1.1% with lithium and uranium stocks better. PLS up 0.3% and IGO rallying 3.4% with PDN up 3.3%. Oil and gas mixed. In corporate news, Cyclone Mega wreaks havoc on S32 Port, though stock rallies 4.7%. ABB has been told to sell part of its stake in SLC, with MIN acquiring POS’s nickel concentrator plant. Nothing on the economic front locally, but Chinese data stronger than expected. Asian markets better with Japan up 2.6% and China up 0.5%. 10-year yields falling slightly to 4.11%. WHY NOT SIGN UP FOR A FREE TRIAL https://marcustoday.com.au/trial-sign-up/? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? JOIN THE MARCUS TODAY COMMUNITY https://marcustoday.com.au/sign-up/.
Quadruple witching in the US boosted volumes. The DOW dropped 191 points (-0.49%), the S&P 500 by 0.65%, and the NASDAQ by 0.96%. Major tech players MICROSOFT, APPLE, AMAZON, and ALPHABET saw notable losses. NVIDIA also dipped 0.1% after Thursdays 3.2% loss. ADOBE'S disappointing quarterly revenue guidance led to a 13.67% drop in its shares. ASX SPI Futures down 13. __ __ WHY NOT SIGN UP FOR A FREE TRIAL https://marcustoday.com.au/trial-sign-up/? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? JOIN THE MARCUS TODAY COMMUNITY https://marcustoday.com.au/sign-up/.
ASX 200 FOUGHT BACK FROM LARGE LOSSES TO CLOSE DOWN ONLY 43 POINTS AT 7670 (-0.6%). ASX 200 off 2.2% for the week. Weakness across the board from the outset, but bargain hunting took over in the afternoon. Banks found some buyers as the day wore on. CBA down 0.6% and WBC down 1.1%, with the BIG BANK BASKET at $204.23 (-0.3%). MQG rose 0.2%, with insurers slightly lower, SUN off 0.5%. REITS in demand, SCG up 1.5%, SGP up 2.3% with TLS also doing well, up 1.1%. Supermarkets found some defensive buyers, WES down 0.3%, with WOW unchanged. Tech eased, XRO off 0.6% but WTC fell 2.2%, and the ALL-TECH INDEX dropped 1.2%. In resources, big trouble again in little China, with iron ore continuing to fall and no reprieve from copper for BHP and RIO down around 1.5% -2%. FMG off 2.3%. Lithium stock selectively crunched, PLS down 6.2% as the shorts pummelled the stock, MIN down 2.7% and IGO off 5.1%. Gold miners are also weaker, with some end-of-week profit-taking and bullion weakness. Oil and gas stocks finally woke up, with WDS up 2.5% and STO up 2.4%. In corporate news, IRE rose 1.4% on the sale of a UK business, and TAH fell 5.2% after the CEO fell on his sword over inappropriate comments. EML up 11.5% on the sale of one of its businesses in the UK. No economic news, but China kept its KEY POLICY RATE UNCHANGED. Asian markets slid lower on Chinese news. 10Y yields hit 4.15%. DOW FUTURES down 36 points. NASDAQ FUTURES down 44 points. WHY NOT SIGN UP FOR A FREE TRIAL https://marcustoday.com.au/trial-sign-up/? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? JOIN THE MARCUS TODAY COMMUNITY https://marcustoday.com.au/sign-up/.
The 30-stock Dow pulled back 137.66 points, or 0.35%, to close at 38,905.66. The Nasdaq Composite fell 0.3% to 16,128.53, while the S&P 500 slipped 0.29% to finish the session at 5,150.48. US PPI worse than expected as were Retail numbers. ASX SPI Futures down 56 points. __ __ WHY NOT SIGN UP FOR A FREE TRIAL https://marcustoday.com.au/trial-sign-up/? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? JOIN THE MARCUS TODAY COMMUNITY https://marcustoday.com.au/sign-up/.
ASX 200 SLIPPED 16 POINTS TO 7714 (-0.2%) as banks came under pressure finally. The index bounced off the 7705, around the level of the sell-off on Monday. BANKS saw big sellers as Macquarie downgraded, WBC down 3.8%, CBA off 1.1%, and ANZ falling 3.8%. The BIG BANK BASKET down to $204.87 (-2.1%). MQG also fell 1.1% as financials sold off. Insurers mixed, REITS better as GMG rose 0.4%. Industrials were slightly weaker, WES off 0.3%, REA down 4.2%, and tech slipping. XRO off 1.5%. WOW gained 0.9% as buyers took advantage of a sale. Resources were a highlight. BHP and RIO rallying hard on copper dreams, FMG solid but uninspiring. Lithium stocks mixed, PLS down 0.2% after a fresh auction, S32 bouncing hard up 5.2%, and gold miners better. NST up 1.9%, and NEM moving 1.2% higher. In corporate news, ARU soared 76.3% as a new funding deal was announced with government backing. ABB crashed 18.0% on news it had lost a contract to SLC. Interesting, given ABB is trying to buy SLC. Will need a far better offer now. News that Singtel is in discussion to sell Optus to Brookfield in a $12bn deal. LNW denied that it had stolen ALL technology and Olivia Wirth has found a new home as the CEO of MYR. Up 7.6% on the news. Nothing on the economic front today, Asian markets little changed. HK down 0.6%. 10Y yields at 4.07%. US PPI AND RETAIL NUMBERS TONIGHT. DOW FUTURES up 36 points. NASDAQ FUTURES up 56 points. WHY NOT SIGN UP FOR A FREE TRIAL https://marcustoday.com.au/trial-sign-up/? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? JOIN THE MARCUS TODAY COMMUNITY https://marcustoday.com.au/sign-up/.
USStocks closed lower on Wednesday and struggled to continue momentum from a session earlier, with Nvidia pulling back alongside the broader technology sector. The S&P 500 slipped 0.19% to close at 5,165.31, while the Nasdaq Composite fell 0.54% to 16,177.77. The Dow Jones Industrial Average pulled back 37.83 points, or 0.1%, to finish the session at 39,043.32. ASX SPI FUTURES up 22 __ __ WHY NOT SIGN UP FOR A FREE TRIAL https://marcustoday.com.au/trial-sign-up/? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? JOIN THE MARCUS TODAY COMMUNITY https://marcustoday.com.au/sign-up/.
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The Dow Jones Industrial Average gained 235.83 points, or 0.61%, to close at 39,005.49. The S&P 500 ticked up 1.12% to finish the session at 5,175.27, surpassing the previous record high close from March 7. The Nasdaq Composite advanced 1.54% to 16,265.64. ASX SPI Futures up 14. Could see more today. __ __ WHY NOT SIGN UP FOR A FREE TRIAL https://marcustoday.com.au/trial-sign-up/? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? JOIN THE MARCUS TODAY COMMUNITY https://marcustoday.com.au/sign-up/.
ASX 200 limped 8 points higher to 7713. The market is waiting for direction from the US, with banks trying to rebound slightly as the Big Bank Basket flatlined at $207.93(0.1%). NAB slipped 0.4%. Other financials slightly better, QBE up 1.3% and SUN up 1.7% as GQG fell again down 2.3%. REITS mainly higher with GMG down 0.2% the rest better. Industrials a little higher, BXB up 1.4% and REA up 0.6%. Tech stocks rallying with the ALL-TECH INDEX up 0.7%. Retail better too, JBH up 2.0% and LOV up 0.9%. Resources suffered as the iron ore price fell again, BHP down 0.7% and FMG off 1.2%. Lithium stocks better as prices lifted in Asia, PLS up 4.3% on the back of an offtake agreement. MIN up 1.3% and LTR up 4.4%. Gold miners finally picked up with NST up 1.7% and NEM up 3.5% and oil and gas stocks eased WDS down 1.2% and STO off 0.6%. In corporate news, APX in a trading halt after a big rise of 30.1% and now an ASX query. AWC agreed a scheme with Alcoa, rising 8.1% and STX up 9.5% on a production update. Philip Lowe has become the chair of FGX with BGL up 10.3% on a production update. QVE and WLE announced a merger of unequals. Dalian iron ore hit a five-month low as China recovery disappoints. Asian markets mixed as Japan slipped a little and HK better. China flat. 10-year yields steady around 3.95%. WHY NOT SIGN UP FOR A FREE TRIAL https://marcustoday.com.au/trial-sign-up/? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? JOIN THE MARCUS TODAY COMMUNITY https://marcustoday.com.au/sign-up/.
The S&P 500 and Nasdaq Composite both ended lower on Monday, while the Dow edged higher. The broad S&P 500 and technology-heavy Nasdaq closed 0.1% and 0.4% lower, respectively. Both saw their second negative sessions in a row. Oracle up 13% on results after hours. ASX SPI Futures up 5 points __ __ WHY NOT SIGN UP FOR A FREE TRIAL https://marcustoday.com.au/trial-sign-up/? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? JOIN THE MARCUS TODAY COMMUNITY https://marcustoday.com.au/sign-up/.
ASX 200 cratered 143 points to 7704 (-1.8%) as banks gave up frothy gains from Friday and iron ore weakened in Asian trade dragging down the big miners. BHP fell 2.6% with RIO off 3.6% and FMG down 3.5%. Base metal stocks also slid with MIN off 2.4% and S32 down 2.3%. Lithium stocks were mixed, LTR down 3.1% and PLS holding up as lithium firmed in Asian trade. RARE earth leader LYC dropped 3.5% with IGO in trouble too. Uranium stocks sub-optimal, PDN fell 0.4%, BOE off 2.9% and DYL returning from a capital raising off 4.7%. Gold miners also suffered despite bullion prices heading higher, NST fell 4.0%, EVN down 3.3% and GOR off 3.7%. Oil and gas stocks also smacked down, WDS down 2.6% and STO off 1.8%. Banks were a source of serious weakness. Having led the market up to records, it was all about locking in profits. CBA fell 2.7%, ANZ down 1.9% and the BIG BANK BASKET falling to $208.22(-2.7%). MQG dipped 0.9% and GQG fell 2.7% on rumours of the founder selling down. Insurers also slipped, IAG down 1.1% and SUN off 0.3%. REITS also falling hard, GMG down % and SGP off %. Healthcare saw losses as CSL went ex-divided and fell 1.5%, RMD off 3.7%. Industrials down across the board. Tech escaped a little down only 0.8% on the Index. WES fell 1.5% and REA, CAR and SEK all under serious pressure. In corporate news, TSK rose 90.0% on a takeover deal. REX moved 4.4% on a code share with Etihad and WOR won a Shell contract. Nothing on the economic front. Asian markets were mixed on Japanese GDP numbers, with the Nikkei dropping 2.8% and China and HK both positive. WHY NOT SIGN UP FOR A FREE TRIAL https://marcustoday.com.au/trial-sign-up/? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? JOIN THE MARCUS TODAY COMMUNITY https://marcustoday.com.au/sign-up/.
The S&P 500 lost 0.65% to 5,123.69, while the Nasdaq Composite slipped 1.16% to 16,085.11. Both swung into negative territory after rising to new all-time highs earlier in the session. The Dow Jones Industrial Average relinquished 68.66 points, or 0.18%, to end at 38,722.69. ASX SPI Futures fell 47 points. __ __ WHY NOT SIGN UP FOR A FREE TRIAL https://marcustoday.com.au/trial-sign-up/? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? JOIN THE MARCUS TODAY COMMUNITY https://marcustoday.com.au/sign-up/.
ASX 200 finished at record highs of 7847up 83 points (1.1%). Up 102 points for the week. Banks were as usual the big driver, hitting highs, the BIG BANK BASKET up to $214.07(). CBA pushed 1.8% ahead, NAB up 2.3% and WBC up 2.6%. MQG continued higher up 2.0% and insurers up as VUK screamed ahead on a deal with UK Building Society up 33.0%. Even the ASX managed a 1.6% gain. Industrials in demand, TLS up 1.1%, WOW up 1.7% and COL running 1.2% ahead, WES up 0.8%. Healthcare did well, CSL recovered 1.3% and RMD underperformed the US listing up only 0.5%. REITS solid and Tech up 1% on the Index, WTC up 2.3% despite ex dividend. Resources were the ugly sister that did not go to the ball. BHP unchanged, RIO down 0.6% and FMG off 0.3%. A stronger AUD not that helpful. Lithium stocks mixed PLS down 0.7% and MIN up 0.6%. Oil and gas stocks up on crude prices, WDS up 1.7%. In corporate news today, GQG off 1.8% on a sell down from a shareholder, MAG surged 37.8% on a deal with MIN and SQM spoke of aggressive Australian expansion. On the economic front, US jobs data tonight, 200k is the magic number. Asian markets generally higher, HK up 1.2%, Japan up 1.0% and China unchanged. 10-year yields 4.0%. WHY NOT SIGN UP FOR A FREE TRIAL https://marcustoday.com.au/trial-sign-up/? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? JOIN THE MARCUS TODAY COMMUNITY https://marcustoday.com.au/sign-up/.
The S&P 500 advanced 1.03% to 5,157.36, while the Nasdaq Composite climbed 1.51% to 16,273.38. Both hit all-time highs during the session, while the S&P 500 also managed a closing record. The Dow Jones Industrial Average gained 130.30 points, or 0.34%, to close at 38,791.35. ASX to rise. SPI FUTURES UP 45 POINTS (+0.58%). __ __ WHY NOT SIGN UP FOR A FREE TRIAL https://marcustoday.com.au/trial-sign-up/? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? JOIN THE MARCUS TODAY COMMUNITY https://marcustoday.com.au/sign-up/.
