dow jones

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…

South African strain spooks markets, Appen smashed, red everywhere Being the only market trading on Friday, the S&P/ASX200 (ASX: XJO) bore the brunt of the global sell off as news emerged of another, more dangerous strain of COVID-19 found in South Africa. Potentially resistant to existing vaccines, the news spooked the market sending the market down 1.7…

ASX mixed but positive, EML jumps a third, Kogan smashed It was another mixed day for the local market with the S&P/ASX200 (ASX: XJO) ultimately finishing just 0.1 per cent higher. The headline concealed an extremely varied market with the technology sector gaining 2.4 per cent after a 30 per cent spike in EML Payments (ASX: EML) but the financial sector continued to…

ASX falls on tech, RBNZ hikes rates, Harvey Norman profit slumps Weak global sentiment continues to pressure the S&P/ASX200 (ASX: XJO) with the market falling another 11 points or 0.2 per cent on Monday. This time the selling was widespread, with just utilities and energy gaining 1 and 1.2 per cent, whilst the technology and industrial shares…

Market rallies on iron ore, Pinnacle’s big deal, Bapcor tanks Yesterday’s story carried into trading on Tuesday, with the S&P/ASX200 (ASX: XJO) gaining another 0.8 per cent. It was pushed higher primarily by the more cyclical sectors with both mining and energy gaining more than 2 per cent, with the technology sector falling heavily, down 3.5 per…