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ASX falls as global stocks decline sharply today

ASX stocks plummet over 1% following NASDAQ’s worst drop since 2022, amid economic concerns and investor panic.

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ASX stocks plummet over 1% following NASDAQ’s worst drop since 2022, amid economic concerns and investor panic.

In Short

The Australian share market has plummeted, with the ASX 200 dropping 1.2% following significant losses in US stocks due to economic concerns. Amidst this volatility, some companies like Star Entertainment and Resmed report mixed news while analysts advise caution.

The Australian share market has experienced significant losses, with the ASX 200 and All Ordinaries dropping more than 1% in early trade. This follows a 4% decline in the Nasdaq, marking the worst day for US stocks since 2022, primarily due to economic concerns.

At 10:25 AEDT, the ASX 200 was down by 1.2% to 7,867 points. Other indices showed declines as well, with the S&P 500 falling 2.7%. Notably, Bitcoin dropped to a four-month low.

Nickel Industries saw the largest decline on the ASX 200, losing 25.8%. Conversely, Resmed and Steadfast Group were among the few gainers.

Star Entertainment has announced a refinancing deal worth up to $940 million, following issues that led to a suspension of its shares on the ASX.

In corporate news, the CEO of PolyNovo has stepped down amid allegations of a rift with the chairman. Brickworks reported challenges in its North American operations, leading to a significant impairment charge.

Overall, local stocks reflect a broader trend of market uncertainty, with concerns over the US economic outlook impacting investor confidence. Analysts acknowledge the volatility and urge caution amid the sell-offs.

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RBA rate shock: ASX200, Gold and Crypto market

RBA’s interest rate shift impacts ASX200, AUD; gold/silver rebound analyzed amidst upcoming economic data and crypto market navigation.

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RBA’s interest rate shift impacts ASX200, AUD; gold/silver rebound analyzed amidst upcoming economic data and crypto market navigation.


The RBA’s latest interest rate decision has sent ripples through the ASX200 and AUD, leaving investors weighing what comes next. We break down how these changes could affect global equities ahead of this week’s crucial non-farm payroll and consumer price index releases.

Zoran Kresovic from Blueberry Markets shares his analysis on the rebound in gold and silver after recent market turbulence, and what factors could drive further gains or sell-offs in the commodities market.

We also dive into the current state of cryptocurrencies, exploring how investors can navigate volatility and what to watch as economic data continues to shape market sentiment.

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#RBA #ASX200 #GoldMarket #SilverRebound #CryptoUpdate #InvestingTips #MarketVolatility #EconomicOutlook


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Dow hits record while tech stocks drive market gains

S&P 500 rose 0.7% with Nvidia and Broadcom driving gains; investors await delayed January jobs and inflation reports.

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S&P 500 rose 0.7% with Nvidia and Broadcom driving gains; investors await delayed January jobs and inflation reports.

The S&P 500 rose 0.7% on Monday, powered by gains in technology stocks, while the Dow Jones Industrial Average hit new heights. Investors are eagerly awaiting crucial economic reports this week.

Nvidia and Broadcom were among the standout performers, climbing 3% and 4% respectively, continuing the momentum from the previous session. The market rebound comes after significant losses earlier last week, with the Dow exceeding 50,000 for the first time ever on Friday.

Investors now turn their attention to the delayed January jobs report from the Bureau of Labor Statistics, due Wednesday, and the consumer price index for January, expected Friday with a 2.5% annual rise.

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Tech stocks slide as investors rotate into small-cap and value plays

Nasdaq drops 1.84% amid turbulent week; investors pivot to cyclical and value sectors from high-growth tech.

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Nasdaq drops 1.84% amid turbulent week; investors pivot to cyclical and value sectors from high-growth tech.

U.S. equity markets wrapped up a turbulent week with mixed results. The Nasdaq Composite fell 1.84%, marking its worst week for large-cap technology stocks since November, while the S&P 500 remained largely unchanged. Investors are weighing concerns about artificial intelligence and potential overinvestment in high-growth areas.

Meanwhile, smaller-cap and value-oriented stocks continued to add to their year-to-date gains. Market participants rotated into cyclical sectors that had lagged, reflecting a shift in investor sentiment and appetite for risk outside the traditional tech heavyweights.

Analysts say this rotation highlights the broader market’s evolving dynamics, as growth concerns collide with opportunities in underappreciated areas. Stay tuned for further developments as the market digests these trends.

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