Markets

Shares in Apple fell 3.2%, Alphabet (Google) lost 2.4%, Amazon lost 1.8% and Microsoft fell 1.2%. The Dow Jones index fell by 245 points or 0.9%. The S&P500 index lost 1.1% and the Nasdaq fell by 117 points or 1.1%. Over the week, the Dow fell 0.03%; S&P 500 fell 0.6%, and the Nasdaq lost 0.6%.

While the Aussie market fell by 0.3% on Friday and slipped for a second day, it did enough on Monday and Wednesday to push the market slightly higher this week. Mining and tech stocks were the best today.

The Australian sharemarket is down slightly on Friday, with equities only just hanging onto gains this week. Gains from miners, tech stocks, energy companies and Macquarie are helping offset most losses elsewhere.

Mega cap tech shares of Amazon.com (-2.3%), Apple (-1.6%) and Microsoft (-1%) all weighed on major indexes. Shares of cloud company Snowflake were down by 10.4% a day after its market debut.

The Australian sharemarket finished at intraday low, wiped out Wednesday’s gains and continued what has been a choppy couple of weeks for local equities. Better employment numbers did little to improve the mood.

The Australian sharemarket is back in the red despite a much better than expected update on jobs. Gains from the banks and energy stocks are helping offset some of the losses.

Retail sales lifted at a slower rate than forecast. And investors concluded that the Federal Reserve would leave rates low for an extended period. Shares in FedEx rose 5.8% after latest earnings beat market forecasts. The Dow Jones index rose by 37 points or 0.1%. The S&P500 index fell by 0.5% and the Nasdaq index fell by 140 points or 1.3%.

The Australian sharemarket rose by 1% and hit a one-week high thanks to gains across all sectors and 80% of stocks. Kogan.com (KGN), Myer (MYR) and Seek (SEK) were three of the strongest performers.

The Aussie market is up 0.8% at lunch thanks to gains across most sectors. While the market has hit a one-week high, this follows four weeks of declines and a 9-week low hit last Friday.

Technology shares lifted with Tesla shares up 7.2%, rising for the fifth day, as anticipation heats up for its “Battery Day” event next week. Netflix shares rose 4.1% and Facebook shares gained 2.4%. Apple shares rose 0.2% following its rollout of a new virtual fitness service and a bundle of all its subscriptions, Apple One. But Citigroup (-6.9%) shares fell on risk management regulatory concerns.

In a rather uneventful session, the ASX 200 slipped 5 points to 5,895 as investors turn their attention to the start of the 2-day US Federal Reserve meeting. Locally, banks were a the major drag while tech and gold stocks shone brightest.

It has been a rather flat start to Tuesday with the Aussie market trading in a narrow range for the first few hours. The ASX 200 is flat as banks weigh against a rebound in technology stocks. The Aussie dollar is performing much better and back above 73 US cents.

In vaccine news, AstraZeneca resumed its British clinical trials of its COVID-19 vaccine. And shares in Pfizer Inc gained 2.6% after the drugmaker and German biotech firm BioNTech SE proposed to expand their Phase 3 pivotal COVID-19 vaccine trial to about 44,000 participants.

Local shares have closed near the best levels of the day to give the ASX 200 a solid start to the new week. Big name miners and banks were some of the major drivers of today’s gains, leading the ASX 200 to close around 5,900 points.

Catch up on the full webinar with presentations from LBT Innovations Ltd (ASX:LBT), Andromeda Metals Ltd (ASX:ADN), Nyrada Inc (ASX: NYR) and Splitit Ltd (ASX:SPT).

The Aussie market is higher to start the week as the major mining and banking stocks help lift the ASX 200. Tech stocks continue to lag as the BNPL providers again trade in the red.

Shares in cloud services provider Oracle fell 0.6% despite earnings beating expectations. The Dow Jones index rose by 131 points or 0.5% assisted by gains of 1.3% for Home Depot with shares in Caterpillar up 2.65%.

The Aussie market has closed out the day and week in the red with the ASX 200 down 49 points or 0.8% to 5859, the lowest close since 29 June. The local tech sector fell most as BNPL stocks again fell sharply.

Local shares are again trading in the red following another down day on Wall Street. Selling has been broad with the local tech sector falling most while financials & miners also weigh heavily. The ASX 200 is now on track for a fourth consecutive week of declines.