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Wall Street

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ASX closes at record high on rate cut hopes

ASX closes at record high on rate cut hopes

The Australian sharemarket has risen after tech stocks drove a rally on Wall Street amid expectations that long-sought cuts to interest rates will be arriving soon.

  • by Penry Buckley

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$500 billion in a day: Nvidia’s Wall Street record sends founder up the rich list

$500 billion in a day: Nvidia’s Wall Street record sends founder up the rich list

Nvidia’s wild Wall Street ride this week has continued with a record day - and a windfall for Jensen Huang.

  • by Subrat Patnaik
ASX jumps as inflation data soothes rate fears

ASX jumps as inflation data soothes rate fears

Investors responded positively to the latest quarterly inflation figures, taking the local market back above 8000 points.

  • by Penry Buckley
ASX closes in the green as miners post healthy gains

ASX closes in the green as miners post healthy gains

The Australian sharemarket has managed to close out the week on a high with mining stocks doing the heavy lifting, as iron ore heavyweights - Rio Tinto, BHP and Fortescue - enjoyed solid sessions.

  • by Staff reporters
ASX hits two-week low after Wall Street suffers worst day since 2022

ASX hits two-week low after Wall Street suffers worst day since 2022

The Australian sharemarket posted a poor session, with investors bailing on the local tech sector, Macquarie and Fortescue.

  • by Sumeyya Ilanbey and Millie Muroi
$1.1 trillion wipeout: Wall Street just got hit with a reality check

$1.1 trillion wipeout: Wall Street just got hit with a reality check

Wall Street has been riding an AI wave, but it just recorded its worst day since 2022 after investors were spooked by results from two of the world’s biggest companies.

  • by Stephen Bartholomeusz
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ASX dips after losses on Wall Street; Perpetual hit by outflows

ASX dips after losses on Wall Street; Perpetual hit by outflows

The Australian sharemarket traded slightly lower on Wednesday after weak session on Wall Street, where earnings reporting season has ramped up for the bigger companies.

  • by Millie Muroi and Sumeyya Ilanbey
ASX slumps; South32 shares plunge on alumina concerns

ASX slumps; South32 shares plunge on alumina concerns

The Australian sharemarket fell on Monday as investors pulled back to assess the implications of President Joe Biden’s decision to withdraw from the United States election campaign. 

  • by Sumeyya Ilanbey and Millie Muroi
ASX dips, tech stocks fall after Nasdaq has its worst day since 2022

ASX dips, tech stocks fall after Nasdaq has its worst day since 2022

Local technology shares tracked their US peers lower, dragging down the ASX benchmark on Thursday, with interest-rate sensitive sectors also sliding amid the sell-off.

  • by Millie Muroi
ASX hits new high as property and tech stocks rise

ASX hits new high as property and tech stocks rise

Interest rate-sensitive tech and property stocks pushed the Australian sharemarket into record territory on Wednesday, as investors bet on the US Federal Reserve cutting interest rates sooner rather than later. 

  • by Sumeyya Ilanbey
Wall Street ramps up ‘Trump trade’ after attack; ASX dips below 8000 points

Wall Street ramps up ‘Trump trade’ after attack; ASX dips below 8000 points

Mining stocks dragged down the Australian shares benchmark on Tuesday, while on Wall Street the ‘Trump trade’ gained momentum, pushing US share indices to record highs.

  • by Millie Muroi