Investors digested mixed quarterly results and contentious stimulus negotiations in Washington.
The Australian is set to drop by more than 1 per cent at the open on Wednesday.
The share price of Tesla has surged seven-fold over the past 12 months, but analysts are wondering whether it is running too hot.
The Australian sharemarket is eyeing a return to 6000 this morning as Wall Street started its week with a positive session, with tech shares flying higher.
Wall Street was pulled lower by Microsoft and Apple, as elevated levels of unemployment claims heightened concerns about the economic toll from rising coronavirus cases.
US stocks climbed to a more than a one-month high amid optimism about progress in developing a vaccine for coronavirus. The US dollar weakened and crude oil increased.
The US sharemarket ended trading lower overnight, pulled down by Amazon, Microsoft and other big-name leaders of its recent rally, as investors are bracing for an ugly earnings season.
With the global economy in flux, analysts are having a tough time forecasting what is ahead for the world’s currencies.
Wall Street slumped on concern that a resurgence in coronavirus cases will derail the comeback for the world’s biggest economy.
US stocks rose as investors looked past tensions between Washington and Beijing and sought out tech companies thought to be insulated from rising coronavirus infections.
investors took profits a day after the S&P 500 logged its longest streak of gains this year and as new US coronavirus cases rose further.
Amazon crosses the $US3000 a share mark while Wall Street is boosted on a rebound in US services industry activity in June and expectations of a revival in China’s economy.
The Australian sharemarket is set to jump higher this morning as Wall Street surged on record payrolls jump that indicated the economic recovery is underway.
The S&P 500 rallied to finish higher and secure its biggest quarterly percentage gain in more than two decades.
A surge in Boeing shares following a test flight of its 737 MAX gives Wall Street and hopes of more stimulus boosted Wall Street, setting up the ASX to jump […]
The Australian sharemarket is poised to jump at the open after Wall Street fought off more virus worries to finish higher.
Wall Street’s worst day in two weeks has the Australian sharemarket poised for heavy losses this morning.
The ASX is set to inch higher this morning as Wall Street finished in the black, with the Nasdaq setting a new high.
ASX set for gains as investors focused on the potential for more government stimulus measures even as they worried about an increase in coronavirus cases.
Steve Schwarzman, chief executive officer of Blackstone Group said the economy is likely to benefit from a V-type recovery in the next few months.
Wall Street in “wait and see” mode as it waits for the next big market-shaping move.
Ray Dalio’s Bridgewater is the world’s biggest hedge fund – now it is warning of troubled times ahead as the economic effects of the pandemic linger.
News of spiking pandemic data and the prospect of a new round of economic lockdowns dampened investor optimism over signs of economic recovery.
Wall Street’s rally extends to a third day on encouraging numbers, but Fed chairman Jerome Powell says a full economic recovery is a long way off.
Investors were spooked on Wall Street early by coronavirus second wave fears but a Fed announcement sent shares soaring, and sets up the ASX for a jump of more than […]
The titans of US finance have for decades been guiding the nation’s China policy. But then US manufacturers grew tired of waiting for the promised land.
President Donald Trump and senior White House officials sought to calm fears about the nation’s economy as Wall Street fell sharply and investors tried to digest the Federal Reserve’s dour […]
Wall Street has recorded its worst day in three months, setting up the ASX for more heavy losses, as rising coronavirus cases deflate recent optimism that the US economy could […]
The Dow and S&P 500 ended a choppy session lower after the Fed reassured investors of its support for the economy but projected a 6.5 per cent decline in GDP […]
Legendary hedge fund manager Paul Tudor Jones didn’t see this kind of sharemarket recovery coming so quickly.