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.
The Australian sharemarket slipped to a two-week low as investors rotated into gold on concerns over US Federal Reserve independence. At 2.15pm AEST, the S&P/ASX 200 Index was down 0.7 per cent, or 60.9 points, at 8912.2. Gold traded near US$3500 an ounce……
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.
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.
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.
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.
The Australian sharemarket edged higher on Monday as strength in mining offset weakness in financials, with investors digesting a wave of earnings results. The S&P/ASX 200 rose 3.9 points to 8971.30 at 3.05pm AEST, after briefly hitting a record intraday high of 9054.50. Sentiment was supported by US Federal Reserve Chair Jerome Powell’s signal that rate cuts could begin as early as next month.
