dow jones

A strong rally to close out the week, with the S&P/ASX200 finishing 0.5 per cent higher, wasn’t enough to offset downward pressure during the week, with the market ultimately losing 0.2 per cent. Performance was varied on Friday, with materials and industrials both outperforming, gaining 1.3 and 0.9 per cent amid surging commodity prices and…

The threat of quantitative tightening extended to Australia on Thursday, with the S&P/ASX200 being dragged down another 0.6 per cent almost solely due to the technology sector. Just three sectors finished higher during the session, being perceived defensive companies in the utilities and staples sector, with the technology sector falling another 3.4 per cent. The…

Tuesday was a similarly strong day for the Australian market, with the S&P/ASX200 moving within 1 per cent of an all-time high; despite the incredibly difficult geopolitical backdrop. That was until the Reserve Bank of Australia delivered its latest board meeting result and associated explanation. Whilst rates remained on hold at 0.1 per cent, analysts…

April has begun just as March finished, with the domestic market rallying on what was generally stock-specific news. The S&P/ASX200 gained 0.3 per cent despite a broad spread of performances, with six sectors higher led by utilities, up 1.1 per cent, whilst tech and materials also rallied 1 per cent; Fortescue (ASX: FMG) was a…

The Australian market continues to defy weakening market sentiment, falling less than 0.1 per cent on Friday with the S&P/ASX200 ultimately gaining 1.2 per cent and delivering a third straight week of gains. On Friday, energy and materials came roaring back with BHP (ASX: BHP) the primary contributor, but broad-based gains in lithium stocks also…

The Australian market managed to finish the quarter 0.7 per cent high in price terms, but down just over 1 per cent on an accumulation basis. This was despite the market finishing near its lows on Thursday, down 0.2 per cent. The only positive contributions came from the rare earth and commodities sector with materials…

In what can only be described as a remarkable turnaround, the domestic sharemarket is closing in on breakeven for 2022, with the S&P/ASX200 gaining another 0.7 per cent on Wednesday. A positive lead from the US and signs of a ceasefire in Ukraine saw every sector barring energy and materials rally, with technology the standout,…

There was little in the way of positive news on Monday, with the market ultimately capitulated to a lack of direction, gaining just six points to start the week. Just four of the 11 sectors finished higher but among them were the markets two biggest, being materials and financials, which gained 1.3 and 0.6 per…

The Australian market remains resilient to the threat of higher energy prices with the S&P/ASX200 gaining another 0.3 per cent to finish the week. The result was driven by a rally in the energy, materials and utilities sectors, which gained 0.9, 1.3 and 1 per cent respectively. Investors are clearly flocking to perceived inflation hedges…

The local market managed to eke out another small gain on Thursday finishing 0.1 per cent higher powered by the utilities sector which gained 2.6 per cent. The sector is benefitting from growing demand for energy and improving gas prices with Origin (ASX: ORG) a major contributor gaining 3.0 per cent. The energy sector also…