nasdaq today

Happy new year, markets fall as gold shines, retailers under pressure, PEXA lists The ASX 200 (ASX: XJO) finished the first day of trading in the new financial year on a weaker footing, losing 0.7% with every sector apart from materials finishing lower. The consumer staples and discretionary sectors were the hardest hit, falling 1.3% and 1.2%…

Nasdaq rally, NZ travel bubble, merger activity sends market higher The ASX200 (ASX:XJO) followed a strong US lead on Tuesday, adding 0.8% with the industrials and IT sectors the key drivers. The risk-on mood boosted Afterpay Ltd (ASX:APT) by 10% and competitor Zip Co (ASX:Z1P) by 9.1% after what has been a difficult few months for the BNPL companies. By far the…

ASX continues to weaken, unemployment surprises, NZ nearing second recession The ASX200 (ASX:XJO) finished another 0.7% lower on Thursday, with every sector but miners and retailers falling. Amongst the biggest detractors were the Commonwealth Bank (ASX:CBA) and CSL Ltd (ASX:CSL), down 1.6% and 1.9% respectively. The sell-off came despite what appears to be great news for the economy; the unemployment rate…

Longest winning streak since July, go slow at Transurban (ASX:TCL), Zip (ASX:Z1P) up 9%, US markets continue to creep higher The ASX 200 (ASX:XJO) has delivered its longest winning streak since July, finishing 1.1% higher as the budget stimulus continues to reverberate through markets. The announcements have been well received by the corporate sector, despite several shortcomings….

ASX budget bounce, a long list of winners, IPOs closing in, US markets hit one month high The ASX 200 (ASX:XJO) overcame a weak lead form the US to deliver its strongest budget bounce since 2002, jumping 1.3%. It will likely take several weeks to digest the true implications of this budget, particularly those sectors that…