Australian shares are poised to rise. Tech shares rallied, lifting all three major US benchmarks to record closing high and masking poor breadth. The Dow closed above 45,000 for the first time. The S&P 500 is within 14 points of 6100. Iren surged, and Atlassian was bolstered by a cloud… Read More »ASX to edge up, S&P 500 and Nasdaq lift on techs
Treasurer Jim Chalmers says the private sector must ultimately pull Australia out of its worst economic slump since the 1990s recession, even as economists and business leaders blame his government for discouraging investment and prolonging the pain with record spending. With surging public spending propping up an otherwise moribund economy… Read More »Chalmers admits business must pull Australia out of growth slump
A rally in technology shares pushed the Australian sharemarket higher at noon, tracking strong gains on Wall Street after the S&P 500 notched its 56th record high this year. The benchmark S&P/ASX 200 Index edged up 0.3 per cent, or 25.9 points, to 8448.5 at midday. The Australian dollar was… Read More »Tech buoys ASX; HMC Capital rallies
The S&P 500 and Nasdaq Composite scaled to record highs Wednesday, with tech shares leading the charge following strong reports from Salesforce and Marvell Technology. The broad market index gained 0.61%, closing at 6,086.49, while the tech-heavy Nasdaq advanced 1.3% to 19,735.12. The Dow Jones Industrial Average advanced 308.51 points, or 0.69%, to 45,014.04. All three… Read More »Dow posts first close above 45,000; S&P 500 reaches new record as tech shares surge: Live updates
Check out the companies making headlines in midday trading. U.S. Steel — Shares dropped 8% Tuesday, the day after President-elect Donald Trump said he would stop Japan’s Nippon Steel from buying the Pittsburgh steelmaker. The deal was first reached in late 2023, but has faced political and labor opposition since. AT&T — The telecom… Read More »Stocks making the biggest moves midday: Tesla, U.S. Steel, FedEx, AT&T and more
APA Group says it hopes to expand its power generation portfolio in Western Australia’s Pilbara and commit to new investments within a year as it diversifies away from its core business of operating gas pipelines. The company has a big opportunity in the remote region – the heartland for the… Read More »APA plots path from gas to become a Pilbara solar and batteries giant
Woolworths says two weeks of industrial action has cut $50 million in sales from its supermarket business as the retailer struggles to stock shelves. The shortages at stores spread from Woolworths to a second ASX-listed group, Endeavour, which operates Dan Murphy’s and BWS bottle shops. Having demerged from Woolworths in… Read More »Woolworths strike bill tops $50m as disruption spreads to Dan Murphy’s
Commonwealth Bank has warned that higher tariffs threatened by US President-elect Donald Trump will turbocharge the greenback’s rally well into next year, threatening to knock the Australian dollar below US60¢. The Aussie dollar fell 0.6 per cent to US64.7¢ overnight as robust US manufacturing data lifted the US dollar index… Read More »CBA warns $A to drop ‘materially’ in 2025
The S&P 500 inched higher Tuesday, eking out another record close. The broad market index added 0.05%, ending at 6,049.88. The Nasdaq Composite advanced 0.40% to close at 19,480.91, hitting a new intraday record as Apple rose to a fresh 52-week high. Both the S&P 500 and the tech-heavy Nasdaq posted new closing records. The Dow Jones… Read More »S&P 500 ticks higher for another record close on Tuesday: Live updates
Check out the companies making headlines in midday trading: Super Micro Computer — Shares advanced more than 30% after a special committee said it found “no evidence of misconduct” on the part of the artificial intelligence server maker. Intel — The chipmaker gained 4% following the retirement of CEO Pat… Read More »Stocks making the biggest moves midday: Super Micro Computer, Tesla, Intel, Stellantis and more