The S&P 500 rose for a fourth consecutive session, gaining 0.41% to close at 5,916.93, as easing U.S.-China trade tensions and falling Treasury yields lifted market sentiment. The Dow Jones Industrial Average advanced 271.69 points (+0.65%) to 42,322.75, while the Nasdaq Composite edged down 0.18% to 19,112.32 despite strong tech performance earlier in the week.
ASX Edges Higher Amid Cautious Sentiment
Australian shares edged higher on Thursday, mirroring a modest Wall Street advance as investors awaited fresh catalysts. The S&P/ASX 200 rose 0.2% to 8299.8 points by 2pm, reversing early losses. Technology led gains, while energy and resources lagged.
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The ASX 200 edged 0.1% lower to 8260 by 2pm, with losses in Macquarie Group and Aristocrat Leisure offsetting strength in energy stocks. The All Ordinaries also slipped 0.1%, as the local market showed muted movement despite a strong overnight rally on Wall Street, led by Nvidia’s 5.6% jump after US President Trump eased AI chip export restrictions.
The Australian sharemarket rallied on the back of a global rebound, as the US and China agreed to a 90-day truce in their trade dispute, easing tariff tensions and restoring investor confidence. The S&P/ASX 200 climbed 0.5% to 8270.4 by midday, led by gains in technology and energy sectors. The All Ordinaries also rose 0.5%.
The Australian sharemarket edged higher on Monday, supported by gains in energy and mining stocks ahead of anticipated updates on US-China trade negotiations. The S&P/ASX 200 rose 0.2% to 8248.8 near 2pm, with energy leading sector gains as seven of eleven sectors traded in the green.
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The Australian sharemarket is set to post its first weekly decline in four weeks, with a late rally in bank stocks failing to offset earlier losses. The S&P/ASX 200 Index rose 0.4% to 8225.3 points by mid-afternoon Friday, narrowing the weekly loss to 0.6%. While seven of the index’s 11 sectors traded higher, earlier selling pressure driven by weaker-than-expected earnings from major banks weighed on overall performance.
Australian shares rebounded from early losses as optimism around a potential trade agreement and expectations of US rate cuts lifted sentiment. The S&P/ASX 200 rose 30.3 points, or 0.4%, to 8208.6 by 2pm, with nine of eleven sectors trading higher. The All Ordinaries also gained 0.4%.
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The ASX is poised to break a two-day losing streak as investor sentiment improves on the back of renewed China-US trade dialogue and fresh stimulus measures from Beijing. The S&P/ASX 200 rose 0.3% to 8178.6 near 2pm, with eight of eleven sectors trading higher. The All Ordinaries also advanced 0.3%.
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