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
Pre-Market Pulse 24th December – Stocks and bond yields drift higher into Christmas
Equities were mixed overnight, supported by rallies in megacap stocks like Nvidia and Broadcom on Wall Street. The S&P 500 and Nasdaq saw gains, while the Dow Jones Industrial Average experienced a slight decline.
Bulls vs Bears – Episode 49: bond yield spike gatecrashes 2024 rally
catch up on this week in markets
Pre-Market Pulse 20th December – Rising Bond Yields gatecrashes 2024 Bull market
Equities were broadly weak overnight, with the DOW eking out a gain, snapping its longest losing streak since 1974, even as the post-Federal Reserve rebound ran out of steam.
Pre-Market Pulse 18th December – DOW suffers 9th consecutive down day, longest streak in 45 years
Equities headed lower overnight, with the DOW suffering its longest losing streak since 1978 as the Federal Reserve kicked off its last meeting of the year.
Pre-Market Pulse 17th December – Tech shines again to drive market higher
Stocks headed higher overnight as tech continued to shine ahead of the last Federal Reserve policy meeting of the year.