US stocks gain for 5th straight day, Dow +1.2%
Wall Street stocks enjoyed more solid gains Thursday, climbing for a fifth straight session and shrugging off fresh data showing higher inflation. The Dow Jones Industrial Average rose 1.2 percent to end the day at 25,200.37. The broad-based S&P 500 jumped 1.2 percent to close at 2,731.20, while the tech-rich Nasdaq Composite Index advanced 1.6…
CommSec Daily Report Friday
Latest NewsLocal shares are continuing on from the best day of gains seen yesterday on the local bourse. The ASX 200 is 8pts or 0.1% higher and has broken above the 5900 point mark and looking. Overnight, US markets rose by more than 1% with the release of producer prices and industrial production data. The…
CommSec Daily Report Thursday
Latest NewsLocal shares have been boosted by a strong showing from US sharemarkets overnight. US traders digested the release of US inflation data which came in higher than forecast in January, higher inflationary pressures have been one of the causes of the recent market volatility. However a slowdown in retail sales tempered views about the…
US stocks end higher for 3rd straight day
Wall Street stocks finished higher Tuesday, rising for a third straight session, amid somewhat better investor sentiment ahead of a closely-watched US inflation report. The Dow Jones Industrial Average rose 0.2 percent to end at 24,640.45. The broad-based S&P 500 gained 0.3 percent to close at 2,662.94, while the tech-rich Nasdaq Composite Index advanced 0.5…
CommSec Daily Report Monday
Latest newsThe Australian market is off to a softer start this morning, shrugging off a positive lead from a volatile Wall Street with the ASX 200 down by 0.6 per cent. Equities are being weighed down by losses near 1 per cent for the banks as the Royal Commission kicks off together with substantial falls…
CommSec Daily Report Thursday
Latest NewsAussie shares are mostly unchanged with a choppy open to trade. The ASX 200 is trading around three points higher after being down by as much as 0.6% earlier in the session. This follows a volatile session in US markets overnight. There were big swings on the Dow Jones with the index trading in…
CommSec Daily Report Wednesday
Latest NewsLocal shares posted solid gains in opening trade on Wednesday as the ASX 200 recovered a portion of Tuesday’s losses which marked the worst 1 day loss since September 2015. The ASX 200 started the session with a gain of 25 points before trading to a gain of 105 points shortly thereafter as the…
US market correction underway
US sharemarket correction underwayFinancial marketsUS sharemarket slump: The US Dow Jones has fallen by over 1,800 points or 7.1 per cent over the past two days. After hitting record highs on January 26, the Dow Jones index has eased to 2-month lows. Movements in US and European markets have the potential to affect the domestic…
CommSec Daily Report Monday
Latest newsAustralian shares are off to a rough start Monday, with the ASX 200 down 1.2 per cent following a massive inflation induced pullback in US markets on Friday. Almost all sectors are slipping by more than 1 per cent while softer commodity prices are dragging mining and energy stocks down most. It is important…
CommSec Daily Report Wednesday
Latest newsThe Australian market had its worst performance in more than two months on Tuesday and is down slightly at lunch today. The ASX 200 is down by 0.16 per cent and continues to flirt with 6000pts, although softer than expected inflation has helped limit the losses. Markets have come under some pressure in recent…
