nasdaq

ASX losing run snapped, Fortescue CEO leaves, gold miners outperform The S&P/ASX200 managed to snap a four-week losing run to post a 1.5 per cent gain over the week.This was despite falling 0.4 per cent on Friday ahead of an all-important inflation print in the US. Shares in Fortescue (ASX: FMG) fell 0.8 per cent after CEO Elizabeth Gaines announced she would be…

 Markets couldn’t overcome weaker sentiment today, initially trading higher but ultimately falling 0.3 per cent and breaking the 2 per cent gains in recent days. Only two sectors posted positive returns, being utilities and healthcare, which gained 0.4 and 0.2 per cent respectively with the rest falling into negative territory. The worst was the energy sector, down 1.1…

Market surge continues, Magellan founder speaks, Telstra dominates The S&P/ASX200 (ASX: XJO) continued its positive run, gaining another 1.3 per cent with every sector of the market finishing higher. The standouts were the technology, communications and materials sector, which all gained 2.1 per cent. The buy now pay later companies finally saw a reprieve, with Zip Co (ASX: Z1P) topping the…

ASX records third straight gain, RBA holds rates steady, Zip surges on update Positive news from the White House on the severity of the Omicron variant supported another surge in the S&P/ASX200 (ASX: XJO), which gained 1 per cent, taking the winning streak to three straight days. Consumer-facing companies, particularly travel stocks, lead the way with the sector up 1.6 per cent, slightly…

BNPL rout sinks market, Boral sells fly ash, Bapcorp chief out The S&P/ASX200 (ASX: XJO) managed to eke out a tiny gain of just 4 points on Monday overcoming a mixed overseas lead. This was despite significantly selling pressure facing the technology sector, but more specifically Buy Now Pay Later groups including Afterpay (ASX: APT) and Zip Co (ASX: Z1P). The sector fell 2.2 per cent…

Positive finish to volatile week, Novonix tanks, CSL lining up big deal An increasingly volatile week finish on a positive note, with the S&P/ASX200 (ASX: XJO) gaining 0.2 per cent on Monday, trimming the weekly loss to just 0.5 per cent. The famous Sohn Hearts & Minds Conference attracted all the attention with Berkshire Hathaway founder Charlie Munger delivering some scathing commentary. On Friday…

Market flat despite weak global lead, Woolies trumps Wesfarmer’s, Macquarie’s gain The S&P/ASX200 (ASX: XJO) continues to oscillate between winners and losers, with the losers directing the market today. The technology sector dragged the market 0.2 per cent lower as it fell 3.2 per cent during the session. The biggest detractor was Afterpay (ASX: APT) which is facing a challenge to the Square (NYSE: SQ) takeover…

The S&P/ASX200 (ASX: XJO) overcame a weak start, falling as much as 0.8 per cent to finish 0.3 per cent lower for the day. Whilst the sentiment has turned significantly negative, on the back of the falling oil price, Omicron variant and higher bond rates, the performance of individual stocks has been considerably more divergent. The materials sector continued its…

Market posts positive finish, AMP jumps, Westpac sued The S&P/ASX200 (ASX: XJO) managed to deliver another positive day, finishing 0.2 per cent higher despite giving back gains of over 1.5 per cent at the open. Weaker US futures hit confidence in the afternoon, with defensive earnings streams among the worst hit as the utilities and consumer sectors…

Omicron risk dissipates, commodities gain, energy takes OPEC+ hit  Concerns that the Omicron-related sell off would look similar to March 2020 were sated on Monday, with the market recovering from a steep fall at the open to post a loss of just 0.5 per cent. The biggest contributor was a more positive outlook from US markets, where…