The Australian share market saw a slight dip on Tuesday, with the S&P/ASX 200 index edging down 0.1%, led by declines in consumer-related and mining stocks. Consumer sector giants like Woolworths, Coles, Wesfarmers, and Bega Cheese traded ex-dividend, contributing to the downturn.

In the week’s first session, the Australian sharemarket is trading flat as major banks and miners counterbalance each other, keeping the S&P/ASX 200 largely unchanged at 8092 points. The late rally in the S&P 500 on Friday, driven by resilient U.S. consumer data suggesting a slower pace of rate cuts, has lifted major Australian banks. Commonwealth Bank, NAB, ANZ, and Westpac are all up around 1%.

The Australian sharemarket ended the week on a positive note, with the S&P/ASX 200 Index rising by 0.6% to 8091.9 points, achieving a 0.9% gain over the week.

On Thursday, the ASX fell in early afternoon trading, mirroring a weak performance on Wall Street and a significant drop in Nvidia’s stock, which plunged nearly 9% after issuing a disappointing third-quarter guidance.

The Australian sharemarket declined on Wednesday afternoon, dragged lower by a sell-off in commodity stocks amidst a busy day of corporate results. The S&P/ASX 200 Index fell 29.6 points, or 0.4%, to 8044.4 by mid afternoon, with energy, materials, and communication services sectors weighing on the market.

The S&P/ASX 200 traded cautiously midday Tuesday, down 4.2 points to 8080.3, as investors weighed mixed Wall Street cues and profit results from major Australian companies against rising Middle East tensions. The index, less than 60 points from its peak of 8148.7 earlier this month, saw seven of its 11 sectors decline, led by tech, while energy outperformed.

Australian shares are on track to close higher in the first session of the week, buoyed by comments from US Federal Reserve Chairman indicating that long-awaited interest rate cuts are imminent. The S&P/ASX 200 has gained 54 points, or 0.7%, reaching 8078 points, now just 100 points shy of the record high set earlier this month.

Australian shares are poised to end a 10-day winning streak, down 0.3% to 8003 points by midday, reflecting a negative Wall Street session where the Nasdaq dropped 1.7%. Investors are closely analyzing ASX earnings for market direction cues.

Shares added 0.3 percent by lunchtime, on track for a tenth consecutive session of gains—the longest streak since 2015—amid a wave of earnings reports from corporate Australia. The rise mirrors gains on Wall Street, where revised US jobs data suggested a cooling labor market, raising expectations that the Federal Reserve may cut rates next month.

Australian shares edged out a small gain as the S&P/ASX 200 gained 0.1%, or 2 points, to 7999.3.  The flat market followed a weaker session on Wall Street, with seven out of 11 sectors in the red, led by energy and banks.