Pre-Market Pulse 15th January – Profit taking in MAG7 reverses early gains on inflation data
Stocks fell overnight, giving back early gains on cooler than expected inflation data, as profit taking continued in the Mega-cap “Magnificent 7” stocks
Pre-Market Pulse 14th January – Market rescued by cyclicals after early session selling
Stocks closed higher after cutting losses Monday as a jump in cyclical stocks including energy helped offset a rotation out of growth stocks including tech amid growing worries about a Federal Reserve pause just days ahead of key inflation data.
Pre-Market Pulse 13th January – Stocks sink as strong US Labor data takes further cuts off the table
Stocks fell sharply Friday, after a stronger-than-expected jobs report for December stoked fears of a prolonged Federal Reserve pause on rate cuts, sending Treasury yields sharply higher.
Bulls vs Bears – EP50: bond yields weigh down stocks as LA wildfires burn
catch up on this week in markets
Pre-Market Pulse 10th January – US Market closed for President Carter Funeral while LA wildfires burn
The US stock market was closed overnight due to President Carters state funeral, while Wildfires in LA escalated with damages estimated at $20B
Closing Bell 9th January: Lovisa Takes a Hit in Broad ASX Retreat
Australian shares pulled back on Thursday, with the S&P/ASX 200 shedding 0.4 per cent (30.1 points) to 8319. All 11 main sectors ended in negative territory, led by weakness in energy and industrials. Oil prices dipped, dragging Woodside Energy 1.1 per cent lower, while Transurban lost 0.5 per cent. A 0.8 per cent lift in November retail sales undercut expectations and clouded hopes for a quick rate cut next month, despite concerns that spending may have been spread throughout the month.
Pre-Market Pulse 9th January – Fed flags concerns over inflation
Stocks hovered around the flatline Wednesday as technology continued to pressure the broader market lower, while the Federal Reserve’s December meeting minutes signal a slower pace of rate cuts ahead.
Pre-Market Pulse 8th January – Surging bond yields crush stock momentum
Equities closed sharply lower Tuesday, as tech was hurt by rising Treasury yields after economic data flagged concerns about stickier inflation, reining in bets of further Federal Reserve rate cuts.
Pre-Market Pulse 7th January – Semi-conductor stocks drive market higher
The rally was primarily driven by semiconductor stocks and communication services, with most other S&P 500 sectors ending lower.
Pre-Market Pulse 6th January – Stocks rally on little catalyst
Stocks closed higher on Friday, ending the first week of the new year on a positive note ahead of data that should provide more insights on the health of the largest economy in the world.
Closing Bell 2024: Take a look at 2024’s Leaders and Losers
ASX Leaders and Losers for 2024