The ASX finished Friday in the red after a broad-based sell-off,with Bendigo and Adelaide Bank and Liontown Resources the star performers.
When President Donald Trump lost the 2020 election to Joe Biden,some of Wall Street’s biggest names swore they were moving on from him for good. Times have changed.
The Australian sharemarket fell just short of a record high after optimistic economic data in the United States and locally created a more bullish market sentiment for equity investors.
The Australian sharemarket stepped up to post a sold gain following Tuesday’s federal budget,with miners,healthcare and consumer discretionary stocks leading the way.
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The man who ignited the meme stock mania in 2021 has resurfaced after lying low for years,sending shares flying. We might need a sequel to the movie Dumb Money.
The Australian sharemarket declined on the eve of the federal budget amid concerns it could add to inflationary pressures.
The Australian sharemarket crept up to close flat on Monday after trading most of the day in the red,after another winning session for Wall Street’s benchmark index.
The Australian sharemarket edged higher Friday,taking its gains for the week to 1.6 per cent,after a strong lead from Wall Street,where the benchmark S&P 500 Index surged to within 1 per cent of its record.
Warren Buffett’s Berkshire Hathaway has become too big,and it’s getting bigger by the day. It makes it a lot less exciting.
The big four banks weighed down the Australian sharemarket after the Commonwealth Bank’s March quarter cash profit fell 5 per cent compared to the same time last year.