6-straight weeks of gains were sealed across the major averages in New York on Friday with both the Dow and S&P500 setting fresh records at the closing bell.Over the week, the Dow and S&P500 gained 0.96% respectively, while the Nasdaq added 0.8%, with Q3 earnings results being the driver of gains throughout the last trading week.Netflix shares rose 11% on Friday after the streaming giant beat Wall St estimates for earnings and revenues for Q3 and reported a 35% jump in ad-tier members...

The ASX200 index rose 1.72% this week so far (Mon – Thurs), boosted by a strong 4% gain in the financial sector. Economic data, US earnings, and commodity price volatility influenced market movements.In this week’s wrap, Grady covers: (0:20): the highlights in US earnings results released this week(2:03): key economic data out in China (3:46): the best performers on the ASX200 this week(4:42): the most traded stocks & ETFs by Bell Direct clients (5:10): economic news items ...

Wall St closed higher overnight as the Dow Jones rose to a record close following a sell-off in its previous session, rising 0.79%. The S&P 500 rose by 0.47% and the tech-heavy Nasdaq jumped by 0.27%.In terms of US stocks, Morgan Stanley gained 6.5% following strong third-quarter earnings which toppled Wall Street expectations.Over in Europe, markets closed lower overnight with chips stocks and luxury goods leading losses following sales warnings. The STOXX600 fell 0.15% with half of the ...

Wall Streets’ green run ended on Tuesday with the major averages move away from record territory as investors digest some key Q3 earnings results. The Dow Jones fell 0.75%, the S&P500 lost 0.76%, and the tech-heavy Nasdaq fell 1.01%. UnitedHealth fell 8.1% after the company trimmed full-year earnings outlook, while Bank of America rallied 2% on better-than-expected results.Citi shares fell over 4% on Tuesday even after the big bank beat Wall St expectations for Q3, and LVMH shares fell ne...

Wall Street has extended on its record finish to trade higher yet again overnight. The Dow Jones jumped 0.47%, the S&P 500 gained 0.77% and the tech-heavy Nasdaq rose by 0.87%.So far, this third quarter earnings season, the 30 companies on the S&P500 that have reported have beat earnings expectations by about 5% on average which is better than the 3% beat this time last quarter.Over in Europe, markets closed higher following market rallies in Wall St overnight. The STOXX600 gained hal...

Wall Street closed in record territory on Friday as the big banks had a very strong start to the third-quarter earnings season. The Dow Jones added 0.97% to a fresh record 42,863.86 on Friday while the S&P500 gained 0.65% to a fresh record 5815.03 and the tech-heavy Nasdaq rose 0.33%, just 2% below its record high.JP Morgan Chase rose 4.4% after topping profit and revenue expectations for Q3 while Wells Fargo rose 5.6% on stronger-than-expected profits.Over in Europe markets closed higher...

Rio Tinto's acquisition of Arcadium Lithium has sent shockwaves through the lithium market. With its global reach and potential for supply deals with major carmakers, Rio's move suggests a renewed optimism about the future of lithium and the green energy transition.In this week’s wrap, Grady covers:(0:14): how Rio’s deal sparked interest in lithium mining(1:37): why Rio is optimistic about the long-term fundamentals for lithium demand(3:03): the potential for increased interest in lithium min...

Wall Street rose for a second straight session on Wednesday to record territory as investors shook off geopolitical concerns and bought back into tech stocks. The Dow Jones rose 1.03% to a record close, as did the S&P500 ending the day up 0.71% also to a record close, and the tech-heavy Nasdaq added 0.6% at the closing bell. The driver of the rally in the US was the release of the Fed’s latest meeting minutes whereby majority of participants favoured reducing interest rates by more t...

Wall Street closed higher overnight as lowering oil prices takes the pressure off stocks. The Dow Jones rose by 0.3%, the S&P 500 gained 0.97% and the tech-heavy Nasdaq ended 1.45% higher by the closing bell.Over in Europe, markets closed lower following eased stimulus talks coming out of China. The STOXX600 fell by 0.54% with all major sectors closing in the red, including mining stocks which dropped 4.47% and household goods which lost 1.47%. Germany’s DAX lowered by 0.2%, the French CA...

Wall Street fell on Monday amid rising oil prices and escalating tensions in the Middle East. The Dow Jones fell 0.94%, the S&P500 fell 0.96% and the Nasdaq ended the day down 1.18%. The benchmark 10-year treasury yield rose 3 basis points to 4.01%, marking the first time that the yield has topped 4% since August.US stocks failed to extend their rally from Friday following the release of a stronger-than-expected jobs report out in the region boosting confidence of a soft landing through e...

Markets this week saw volatility in commodity prices, particularly in oil, gold, and iron ore. The rising geopolitical tensions in the Middle East, combined with China’s economic stimulus measures, are driving up the prices of these commodities. While this presents opportunities for investors, it also poses risks due to the potential for price fluctuations.In this week’s wrap, Grady covers:(1:29): how investors should approach investing in oil producers(2:04): why the gold rally continues to ...

Wall St closed lower overnight as the slow start to October continues as Middle Eastern tensions continue and investors await for unemployment data later on tonight. The Dow Jones fell 0.44%, the S&P500 dropped 0.17% and the tech heavy Nasdaq lost 0.04%.Over in Europe, markets closed lower with the STOXX600 closing 1% lower. All major sectors closed in the red with construction and materials stocks leading losses down 2%. Germany’s DAX fell 0.78%, the French CAC dropped 1.32% and over in ...

Wall St closed slightly higher overnight as the escalating tensions in the Middle East impacted markets. The Dow Jones added 0.09%, the S&P 500 rose just 0.01% and the tech-heavy Nasdaq gained 0.08%.Iran’s attack on Israel has impacted investor enthusiasm on Wall St for the new trading month and quarter, with trader uncertainty set to continue following Israel starting ground operations in Lebanon.Over in Europe, markets closed mixed, following in a similar trend to the US. The STOXX600 r...

In the US on Tuesday, Wall Street retreated from record territory as investors assess the potential impacts of escalating tensions in the Middle East. The Dow Jones fell 0.41%, the S&P500 lost 0.93% and the tech-heavy Nasdaq ended the day down 1.53%.Energy stocks rallied on Wall St though on Tuesday as the price of West Texas Intermediate crude spiked after Israel Defence forces said Iran was firing missiles at the country.The European markets ended Tuesday’s trading session mostly ...

Wall St opened the week with gains to close out a winning month across the major averages with the Dow adding 1.8% in September while the S&P 500 gained 2% and the Nasdaq added 2.7% over the September month of trading. The Dow Jones rose 0.04% to a fresh record high, while the S&P500 added 0.4% and the Nasdaq ended the day up 0.4%. The rally on Monday followed Fed Chair Jerome Powell’s press conference indicating the rate cuts will continue but likely not as aggressively as the US eco...

It was a mixed session to end the week on Wall St on Friday with the Dow Jones rallying 0.33% to a fresh record high while the S&P500 lost 0.13% and the Nasdaq ended the day down 0.4%. Encouraging inflation data boosted investor appetite for stocks on the Dow Jones industrials index. August’s personal consumption expenditures price index, which is the Fed’s preferred measure of inflation, increased 0.1% in the month which met economists’ expectations on a monthly basis, but the index rose...

The Aussie market experienced investors grapple with rate hike decisions, economic uncertainties, and surprising corporate news this week. The RBA maintained its cash rate at 4.35%, while the Federal Reserve faces increasing pressure to avoid a recession. Amidst this backdrop, luxury fashion platform Cettire (ASX:CTT) delivered impressive financial results, defying economic headwinds. In this week’s wrap, Grady covers: (0:24): the RBA’s decision to hold the cash rate despite inflati...

Wall St closed lower overnight as the Dow Jones ended a 4-day winning streak losing 0.7%. The S&P500 dropped 0.19% and the tech-heavy Nasdaq gained just 0.04%. In terms of US stocks, both General Motors and Ford fell more than 4% following downgrades from Morgan Stanley.Over in Europe, markets fell as the China-fuelled rally lost momentum. The STOXX600 closed 0.11% with half of the major sectors ending the trading day in the red. Germany’s DAX dropped 0.41%, the French CAC lost half a per...

Wall Street’s record rally run continued from Monday with the S&P500 up 0.25% to a fresh record, while the Dow Jones added 0.2% to a record close and the Nasdaq added 0.56%, led by AI market darling Nvidia rallying 4%. Investors shook off recent worrying economic data including US manufacturing PMI data hitting the lowest level in 15-months for August, and consumer confidence falling to 98.7 points for September, to extend the recent equity rally on the back of the Fed’s 50 basis point ra...

Wall St shook off the mixed closed to last week with a record finish on Monday as the S&P500 rose 0.28% to a record high 5,718.57 points while the Dow Jones added 0.15% to another record 42,124.65 and the Nasdaq ended the day up 0.14%. Investors overlooked the latest US economic data in the form of a 15-month low for manufacturing PMI activity in the US for August to welcome the Fed’s rate cut outlook. Investors will now look forward to the latest weekly jobless claims data out later this...

Wall Street closed mixed on Friday with the Dow Jones rising to yet another record high, ending the day up 0.09% to 42,063 points while the S&P500 and Nasdaq each retreated 0.19% and 0.36% respectively. Investors fear the Fed is needing to cut rates aggressively to avoid a recession as inflation is coming down faster than expected.Over in Europe, markets closed lower on Friday following a slew of central bank decisions in the region including the Bank of England holding rates steady...

The Federal Reserve’s decision to lower interest rates was welcomed by Australian investors this week. Learn why the US rate cut boosted the local market and explore why the recent dip in oil prices is likely to be short-lived. In this week’s wrap, Grady covers: (0:10): how Wall St reacted to the Fed’s rate cut (1:20): the recent data signalling economic stability in the US (2:08): why the US rate cut is a positive for our local market (5:01): the most traded stocks &...

The US market closed lower on Wednesday despite the Fed announcing a 50-basis point rate cut in the first rate cut of the interest rate cycle as inflation continues to ease in the world’s largest economy. The Dow Jones fell 0.25% on Wednesday while the S&P500 lost 0.35 and the tech-heavy Nasdaq ended the day down 0.31%. Investors likely responded to the 50-basis point rate cut with concerns over the Fed potentially cutting aggressively in fear of further weakening to the US economy in the...

Overnight, Wall St closed flat as investors await for the Federal Reserve interest rate decision in the US on Wednesday. The Dow Jones fell 0.04%, the S&P500 rose 0.03% and the tech heavy Nasdaq jumped 0.2%.The Federal Reserves interest rate decision will be announced after local market close today following the aggressive hiking campaign that started in March 2022, which could help boost earnings growth for companies following recent high borrowing costs and inflation.Over in Europe, mar...

Wall St started the new trading week with a mixed session ahead of the commencement of the Fed’s FOMC meeting where it is expected a rate cut of 0.25% will be announced as the US inflation rate continues to ease to the target 2% while the economy remains robust enough to avoid a recession. The S&P500 reversed morning losses to close Monday’s session up 0.13% while the Dow Jones rose 0.55% to a fresh record 41,622.08 points. The tech-heavy Nasdaq ended Monday’s session down 0.52% though as...