The Australian sharemarket edged lower on Friday, though it managed to close out August with solid momentum. The S&P/ASX 200 Index dipped 6.9 points, or 0.1 per cent, to 8973.10. Despite the mild weekly gain of 0.1 per cent, the benchmark advanced 2.6 per cent for the month, extending its winning streak to five months and remaining up more than 25 per cent from April lows.
In this episode, Mark and Jonathan discuss the current state of the markets, focusing on the recent earnings season, stock performance, and the implications of AI on tech valuations.
Stock crawled to another record overnight, as investors weighed a surprise uptick in GDP and investor disappointment in Nvidia results.
The Australian sharemarket finished marginally higher on Thursday, with investors consolidating positions as reporting season winds down. The S&P/ASX 200 Index rose 7.3 points, or 0.1 per cent, to 8967.8 at 2.05pm AEST. Gains in financials and select industrials offset weakness in energy, materials, and healthcare.
Stocks eked out a fresh record in the S&P500 pre-Nvidia earnings, which beat analysts expectations, but disappointed investors, falling 2.5% in aftermarket trading
The Australian sharemarket ended slightly higher on Wednesday, with gains in resources offset by weak consumer staples and tech earnings. The S&P/ASX 200 rose 10.6 points, or 0.1 per cent, to 8946.2 at 2:01pm AEST, recovering from a dip after hotter-than-expected inflation data.
Sell Take Profit – Tencent Music
Stocks edged higher overnight as rising health care and tech stocks helped offset concerns about President Trumps apparent “hostile takeover” of the Federal Reserve, bringing into question its independence
The Australian sharemarket retreated on Tuesday, mirroring weaker global sentiment after US President Donald Trump threatened higher tariffs on digital services and announced plans to remove Federal Reserve governor Lisa Cook. The S&P/ASX 200 Index declined 34.3 points, or 0.4 per cent, to 8938.10 at 1.50pm AEST, with eight of 11 sectors in the red.
