Wall Street
ASX flat, tech stocks fall after Nasdaq has worst day since 2022
The local sharemarket has made a slow start with gains in banks, utilities and energy stocks helping offset falls by local tech companies, which tracked their US peers lower.
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World markets
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.Â
- by Sumeyya Ilanbey
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
$1 billion wipeout: How a Wall Street giant’s big bet on beauty went so wrong
A private equity firm stepped outside its comfort zone to invest in a beauty company led by a charismatic founder. It led to one of its biggest failures.
- by Jordyn Holman and Maureen Farrell
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World markets
ASX hits record high; CBA eclipses BHP as Australia’s biggest company
The Australian sharemarket climbed to a record high after four out of every five stocks that comprise the benchmark S&P 500 Index advanced on Wall Street overnight.
- by Millie Muroi
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World markets
ASX notches up healthy session ahead of key US data
Tech stocks and real estate investment trusts lifted the ASX on Thursday as investors turn their attention to the latest monthly US inflation data.
- by Millie Muroi
‘Selling your soul to the devil’: Tensions rising as Wall Street grapples with 100-hour work weeks
The death of Bank of America associate Leo Lukenas from a heart attack just days after completing a $3 billion deal has put an unwelcome spotlight on Wall Street.
- by Katherine Doherty
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World markets
Miners, utilities drag ASX into the red
The ASX closed out a quiet session in negative territory on the back of a mixed lead from Wall Street, after Fed chair Jerome Powell did little to change the market’s expectations of when the US central bank will cut rates.
- by Jessica Yun
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World markets
ASX stages broad-based rally, Telstra jumps after raising prices
The Australian sharemarket surged on Tuesday after gains in big-name US technology stocks on Wall Street overnight lifted the S&P 500 Index to its 35th record high of the year.
- by Jessica Yun
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World markets
ASX dips as slumping iron ore prices hit big miners
Australian shares fell despite US stocks rising to more records on Friday after a highly anticipated report on the job market bolstered Wall Street’s hopes that interest rates may soon fall.
- by Staff reporters
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World markets
ASX inches lower as miners and banks weigh on market
Miners and banks dragged the Australian sharemarket lower on Friday despite European stocks rising, as key elections held centre stage and Wall Street closed for the July 4 holiday.
- by Millie Muroi