Morning Report 22 Nov 24: Dow jumps more than 500 points as investors rotate out of tech stocks

Despite ongoing geopolitical tensions, U.S. and European markets have seen gains. In the U.S., "Trump trades" gained momentum, while jobless claims hit a seven-month low, signalling a robust labor market. On the corporate front, Nvidia's highly anticipated results revealed slowing revenue growth, r…

Market Close 21 Nov 24: Nvidia falls on underwhelming forecasts

The ASX struggled today, slipping after an early rise of 0.4% faded, leaving markets unable to secure a fourth gain in five sessions despite a solid start to the week. Financials provided a bright spot with a modest uptick, while consumer discretionary stocks faced their second consecutive day of l…

Morning Report 21 Nov 24: US investors wary ahead of Nvidia earnings

After days of consolidation, the US dollar has reclaimed its spot in the winner's circle, as US yields rise despite ongoing geopolitical tensions. In company news, Target shares tumbled after the retailer slashed its profit outlook. At the same time, Ford announced plans to cut 14% of its European …

Market Close 20 Nov 24: Markets brace for earnings results from the world’s largest company

The Aussie market has hit 13 record highs this financial year.  Fresh off the back of one of them yesterday Laura and Stevie reflect on this and unpack the losses of today with most sectors seeing drops across the session.  They talk through the companies that caught their eye including Amcor, Webj…

Morning Report 20 Nov 24: ASX to fall from record highs as geopolitical tensions rise

US stocks have rebounded, shaking off concerns over geopolitical tensions ahead of Nvidia’s much-anticipated earnings release. In contrast, European markets struggled, with stocks sinking as investors sought the safety of haven assets. Global bond yields also fell, reflecting the heightened demand …

Market Close 19 Nov 24: Not a shabby performance for the Aussie market

The market is up today to a fresh record high following a slow start the session this morning.  This marks four days of straight gains and the best day in around 3 months with 8 in every 10 stocks seeing gains.  Laura and Stevie unpack this performance in relation to the US market and look at the b…

Morning Report 19 Nov 24: Stocks get boost from Tesla as the EV giant surges

The NASDAQ and S&P 500 kicked off the week with gains, driven by a rally in Tesla shares. In contrast, Nike shares fell after the company flagged risks to its outlook, while healthcare stocks continued to struggle following recent sell-offs. Oil prices climbed nearly 3% amid escalating tensions in …

Market Close 18 Nov 24: The Aussie market’s winning streak continues

Steve is solo today unpacking what was a good day overall following a slow start on the local market.  This makes a 3-day winning streak which he reflects on following the losses of last week both locally and in the US.  He unpacks the performance of each of the local sectors with mining stocks cla…

Morning Report 18 Nov 24: Wall Street challenged by interest rate outlook

Wall Street has pulled back as concerns over interest rates weigh on markets. U.S. pharmaceutical stocks, including Pfizer, declined following cabinet appointments by Donald Trump. Meanwhile, the "Magnificent 7" tech stocks faced pressure from rising bond yields. In commodities, aluminium prices su…

Market Close 15 Nov 24: The market claws back the losses of earlier this week following mixed China data

The market has seen a lift today.  Laura unpacks this session’s performance which was a sizable gain given the falls that we saw in the earlier half of the week.  She looks at the performance of the US market and the dulled possibility of US rate cuts.  Data out of China today was mixed but overall…