The Australian sharemarket retreated on Wednesday, pressured by declines in mining, retail, and real estate sectors as investors positioned ahead of the US Federal Reserve’s policy announcement.
The Australian sharemarket ended higher on Tuesday, buoyed by strength in resources and record-setting gains on Wall Street. The S&P/ASX 200 rose 24.7 points, or 0.3 per cent, to close at 8877.7, with eight of 11 sectors in positive territory. The Australian dollar also hit a fresh 10-month high at US66.76¢.
The Australian sharemarket eased on Monday, with the S&P/ASX 200 falling 19.7 points, or 0.2 per cent, to 8845.2, extending last week’s steep decline. Investors largely shrugged off the US Federal Reserve’s widely expected rate cut, while healthcare and gold miners dragged the local bourse lower.
The Australian sharemarket climbed on Friday, buoyed by strength in financials and materials, following Wall Street’s record-setting session. The S&P/ASX 200 rose 0.7 per cent, or 60.4 points, to 8865.4 at 2:17pm, with 10 of 11 sectors trading higher.
The Australian sharemarket edged lower on Thursday, with profit-taking in the banks and healthcare sector offsetting gains in miners. By 2pm AEST, the S&P/ASX 200 was down 37.4 points, or 0.4 per cent, as six of 11 sectors traded in the red.
The Australian sharemarket lifted modestly on Wednesday afternoon, tracking Wall Street gains, even as heavy losses in miners weighed on sentiment. The S&P/ASX 200 added 23.7 points, or 0.3 per cent, to 8827.2 at 2pm AEST, with banks offsetting a commodities rout.
The Australian sharemarket traded lower at midday on Tuesday, weighed down by weakness in the banking and energy sectors. The S&P/ASX 200 fell 57.5 points, or 0.7 per cent, to 8792.1, with seven of the 11 sectors in negative territory.
The Australian sharemarket fell on Monday afternoon, with losses in energy and banking outweighing strength in technology. The S&P/ASX 200 Index dropped 0.4 per cent, or 34.9 points, to 8836.3 by 2.30pm AEST, following Wall Street’s Friday decline.
The Australian sharemarket rose on Friday, mirroring Wall Street gains as investors positioned for an anticipated US Federal Reserve rate cut later this month. The S&P/ASX 200 Index advanced 35.3 points, or 0.4 per cent, to 8861.8 by mid-afternoon, with eight of 11 sectors trading higher.
The Australian sharemarket rebounded on Thursday, with the S&P/ASX 200 Index gaining 0.6 per cent, or 54.7 points, to 8793.5
The Australian sharemarket extended its losing streak on Wednesday, falling for a fourth consecutive session in its sharpest decline since April. At 2:05pm AEST, the S&P/ASX 200 was down 1.59 per cent, or 141.8 points, at 8758.8 – a two-week low – with all 11 sectors in negative territory.
The Australian sharemarket pared early losses to trade slightly lower on Tuesday, as strength in banks and miners helped balance declines from ex-dividend heavyweights. The S&P/ASX 200 Index slipped 0.1 per cent, or 7.8 points, to 8919.90 at midday AEST, with Wall Street closed for the US Labour Day holiday.
