The market started down today but did manage to improve slightly securing the longest winning streak in a decade.  With today being the busiest day of the reporting season, Laura and Stevie look at some of the outcomes, the improvement of the tech sector is in focus, and they discuss the drag that is being seen because of the finance sector.  Domino’s Pizza, the Lottery Corp, and IAG are among the stocks discussed, and they look to the days ahead.

The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.

The market started down today but did manage to improve slightly securing the longest winning streak in a decade.  With today being the busiest day of the reporting season, Laura and Stevie look at some of the outcomes, the improvement of the tech sector is in focus, and they discuss the drag that is being seen because of the finance sector.  Domino’s Pizza, the Lottery Corp, and IAG are among the stocks discussed, and they look to the days ahead.
The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.

CommSec Market Update is the podcast that will help you to stay ahead of the trends with daily expert commentary as the market opens and closes.  Whether you are invested in the stock market, or just looking to get started, join the team from Australia’s leading online broker and follow the changes as they happen.



The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.

CommSec Market Update is the podcast that will help you to stay ahead of the trends with daily expert commentary as the market opens and closes.  Whether you are invested in the stock market, or just looking to get started, join the team from Australia’s leading online broker and follow the changes as they happen.
 
The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.

Insights, interviews and the latest news and information on investment markets from CommSec, Australia's leading online broker.

CommSec Market Update

Market Close 21 Aug 24: Longest winning streak since December 2015

The S&P 500 and NASDAQ ended lower, breaking an eight-day winning streak. Lowe's shares declined due to weak consumer spending on DIY projects. In contrast, Eli Lilly's shares rose as its weight-loss drug showed promise in reducing the risk of developing type 2 diabetes. Meanwhile, gold reached record highs, and the Australian dollar strengthened as the U.S. dollar hit its lowest level since January.

The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.

The S&amp;P 500 and NASDAQ ended lower, breaking an eight-day winning streak. Lowe's shares declined due to weak consumer spending on DIY projects. In contrast, Eli Lilly's shares rose as its weight-loss drug showed promise in reducing the risk of developing type 2 diabetes. Meanwhile, gold reached record highs, and the Australian dollar strengthened as the U.S. dollar hit its lowest level since January.
The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.

Morning Report 21 Aug 24: ASX to slip as Wall Street rally runs out of steam

The Australian share market is on the cusp of its longest winning streak since 2015, having already logged eight consecutive days of gains. However, despite the optimism, today's rise has been modest, impacted by weaker iron ore prices and cautious investor sentiment ahead of central bank meetings. Key sectors like materials and tech are performing well, while property trusts lag behind, with Dexus leading the losses after posting a significant valuation-driven loss. On the corporate front, Baby Bunting and ARB enjoyed strong gains due to positive outlooks, while ANZ highlighted challenges with late mortgage repayments amid persistent inflation. With over 40 companies reporting tomorrow, it's set to be one of the busiest days of the reporting season.

The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.

The Australian share market is on the cusp of its longest winning streak since 2015, having already logged eight consecutive days of gains. However, despite the optimism, today's rise has been modest, impacted by weaker iron ore prices and cautious investor sentiment ahead of central bank meetings. Key sectors like materials and tech are performing well, while property trusts lag behind, with Dexus leading the losses after posting a significant valuation-driven loss. On the corporate front, Baby Bunting and ARB enjoyed strong gains due to positive outlooks, while ANZ highlighted challenges with late mortgage repayments amid persistent inflation. With over 40 companies reporting tomorrow, it's set to be one of the busiest days of the reporting season.
The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.

Market Close 20 Aug 24: Eighth straight day of gains for Aussie stocks

US stocks are showing a promising recovery from early August losses, with technology stocks leading the gains ahead of Jackson Hole. The Aussie share market is also expected to rise today, supported by industrial metal prices, while the Aussie dollar has reached a one-month high as the Greenback hits a seven-month low.

The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.

US stocks are showing a promising recovery from early August losses, with technology stocks leading the gains ahead of Jackson Hole. The Aussie share market is also expected to rise today, supported by industrial metal prices, while the Aussie dollar has reached a one-month high as the Greenback hits a seven-month low.
The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.

Market Close 21 Aug 24: Longest winning streak since December 2015

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