Stocks soared in 2024. Congratulations! After taking a victory lap, it may be time to adjust your portfolio — because those heady returns likely threw your investment allocations out of whack. The S&P 500, a stock index of the largest public U.S. companies by market capitalization, gained 23% in 2024. Cumulative S&P… Read More »Why it’s time to tweak your investments after lofty stock returns in 2024
A sinking Australian dollar could drive petrol prices higher and rekindle domestic inflationary pressures, putting Reserve Bank interest rate relief potentially further out of reach. Coming off a 9 per cent annual decline in 2024, the worst in six years, the Australian dollar traded around US62¢ on Sunday after the Chinese… Read More »ASX to rise, Australian dollar under pressure
Australian shares are poised to rise at the open after Wall Street reversed a five-session losing streak on Friday that had shaved almost $US1 billion ($1.6 billion) off the greenback’s market capitalisation. ASX futures predicted the S&P/ASX 200 index would rise 23 points, or 0.3 per cent, at the open,… Read More »ASX to rise; Insignia mulls fresh bid from CC Capital
Traders raced to snap up Australia’s most unloved shares as the new year ticked over, seeking out bargains after a lacklustre year for the sharemarket in which mining and energy companies took a beating. Australian shares have launched into the new year on a positive note. And some of the… Read More »Investors probe ASX laggards as hunt for 2025 winners begins
Stocks closed higher Friday as Wall Street recovered following a shaky start to the new year. The S&P 500 closed up 73.92 points, or 1.26%, at 5,942.47, and the Dow Jones Industrial Average advanced 339.86 points, or 0.8%, to end the day at 42,732.13. The Nasdaq Composite gained 340.88 points, or 1.77%, to close at 19,621.68.… Read More »S&P 500, Nasdaq snap five-day losing streak, but still close lower on the week: Live updates
Here are five key things investors need to know to start the trading day:
A little-known ASX defence stock and the return of a former finance darling captured the attention of Australian retail investors in 2024, a year that also marked the revival of the meme stock mania that gripped Wall Street in the throes of the pandemic. In June, US amateur trader Keith… Read More »The meme stock moments that gripped Australian investors in 2024
The Australian sharemarket returned to the green on the first day of 2025 trading, buoyed by a bout of momentum trading and a rally in energy stocks. Following a choppy morning session, the S&P/ASX 200 closed at 8201.2, up 0.5 per cent or 42 points. The bourse spent a brief… Read More »ASX lifts in first day of 2025 trade, energy stocks rally
It’s that time of year when Wall Street soothsayers look ahead 12 months and try to divine the path of US stocks. Last year at this time, no one writing for a major sell-side firm thought stocks would perform anywhere near as well as they did, up 23 per cent… Read More »Stock bears are becoming extinct. Is it time to worry?
Stocks slid on Thursday in a choppy first trading session of the new year, as the slump to end 2024 extended into January. The blue-chip Dow Jones Industrial Average traded down 151.95 points, or 0.36%, to close at 42,392.27. The S&P 500 fell 0.22%, finishing at 5,868.55. The Nasdaq Composite slipped 0.16% to 19,280.79. The S&P… Read More »Stocks close lower in volatile start to 2025 as S&P 500 losing streak grows