Stocks initially stretched the record-breaking run early in the session Friday, before profit taking emerged, while U.S. Treasury yields dipped despite investors and pundits scraping through the numbers to find a positive spin
JDO has reached it’s technical level on the upside, there is still reason to remain in the trade due to been a potential takeover target. So we are taking off half our position.
Stocks (once again) moved higher overnight, with the S&P 500 and Nasdaq both hitting intraday record highs with support from technology and growth stocks.
ASX rose 0.2% with tech optimism and rate cut prospects by the Fed. CBA hit record highs, while Westpac and NAB also surged, reflecting bullish banking sector sentiment.
The emergence of La Niña will bring wetter conditions to country Australia
The rally in tech returned after Federal Reserve Chair Jerome Powell reiterated that interest rate cuts were coming later in the year, a statement that has been repeated ad nauseum for over a month now, but investors treated as “new” news
ASX gold miners experienced significant gains as gold prices soared to record levels, reflecting increased investor interest in precious metals.
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Equities as investors eased bullish bets on big tech just a day ahead of Federal Reserve chairman Jerome Powell testimony before Congress that could provide potential fresh clues on monetary policy.
ASX flat. Private health insurance stocks rally as health insurance premiums rise. Healius set for best gain since 2020
U.S. stock indices retreated from their recent all-time highs, with the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average declining by 0.12%, 0.41%, and 0.25% respectively
ASX rises again. Gold miners jump on higher spot gold price
