nasdaq

Market falls flat, Telstra (ASX:TLS) affirms dividend, AMP (ASX:AMP) offer pulled The ASX200 (ASX:XJO) fell 0.1% on Thursday as reporting stepped up another level. The IT sector fell 2.1% giving up recent gains, whilst Woolworths (ASX:WOW) fell 0.9% sending the consumer staples sector lower as the rotation into more cyclical sectors continued. AMP (ASX:AMP) was a major detractor, falling 11.0%,…

ASX higher, Commonwealth Bank (ASX:CBA) dividend boost, Lend Lease (ASX:LLC) CEO leaves, Crown Ltd (ASX:CWN) has an uncertain future The ASX200 (ASX:XJO) finished 0.5% higher, with every sector but consumer discretionary adding to returns. IT was once again the standout with both Afterpay Ltd (ASX:APT) and Zip Co (ASX:Z1P) hitting all-time highs as BNPL valuations took another leap forward. Whilst reported…

Earnings season begins, Challenger (ASX:CGF) reverses recent gains, Crown Ltd (ASX:CWN) locked out The ASX200 fell 0.9% as reality sets in after what had been an incredibly strong few weeks. Every sector finished lower lead by yield plays in property and utilities, off 2.1% and 1.4% respectively. All eyes will be on Crown Ltd (ASX:CWN) once it recommences trading after…

All Ords hit pre-pandemic high, ASX200 up 0.6%, Vocus (ASX:VOC) in play again The ASX200 (ASX:XJO) finished the week the same way it finished, adding 0.6% on Monday supported by a broad-based rally covering most sectors. Materials and discretionary retailers were the biggest beneficiaries of the risk-on mood, with BHP (ASX:BHP) and Wesfarmers Ltd (ASX:WES) finishing 2.4% and 1.0% higher respectively….

Strongest week since November, News Corp (NWS) shows the evolution of media, more record highs The ASX200 (ASX:XJO) finished the week the same way it started, moving 1.1% higher, with a broad-based recovery sending the index to its highest level in 11 months. Mining services provider Worley (ASX:WOR) was the main laggard, falling 8.1% after flagging a significant fall…

ASX down on Victorian outbreak, Origin (ASX:ORG) and AGL Energy (ASX:AGL) downgrade, record trade surplus The ASX200 (ASX:XJO) broke its three day run, falling 0.9% due to a combination of weaker global markets and an unexpected outbreak from hotel quarantine in Victoria. Every sector finished lower, but property (-2.4%) utilities (-2.0%) and energy (-1.2%) were among the…

The attack on short sold stocks in the past week has caused a frenzy of comments on the participation of so-called retail investors. Where this will end up is anyone’s guess, but what is increasingly clear is that equity markets are no longer at the behest of traditional investors. Nasdaq has weighed into the argument…

ASX heads higher, UK regulator reviews BNPL sector, Jeff Bezos standing down as Amazon (NYSE:AMZN) CEO The ASX200 (ASX:XJO) delivered a third straight day of gains, finishing 0.9% higher, with the rally broad-based but driven mainly by the banking and property sector which were 1.5% and 2.6% higher respectively. The oil price also hit a 12-month high…

ASX rallies on the back of QE pump priming, healthcare falls, Tabcorp (ASX:TAH) confirms bid The ASX200 (ASX:XJO) continued its strong start to the week, finishing 1.5% higher after news that the Reserve Bank of Australia would be keeping rates on hold. Every sector barring healthcare finished higher, with IT once again leading the way with low rates used…

ASX overcomes early falls, silver next in line for day traders, Worley (ASX:WOR) downgrade The ASX200 fell over 1% at the open following a weak overseas lead but managed to finish 0.8% higher for the day, bringing back memories of the 2020 daily swings. Most sectors finished higher, with healthcare the standout after CSL Ltd (ASX:CSL) benefitted from a…