This Month
Wall St tumbles on tariff worries, anxious consumers
The S&P 500 shed 2 per cent in a broad sell-off with a key megacap tech index hammered anew. Gold reset its record high as Trump’s Liberation Day looms.
China ‘presents’ top military, cybersecurity threat to US
Beijing is using “whole of government” efforts including military, economic and influence operations to assert itself, the American intelligence community said.
Wall St rallies late, paced by megacap techs
Another whipsaw session in New York ended with a flourish and the S&P 500 snapped a four-week losing streak.
Musk must pivot to avert ‘black swan crisis’ for Tesla: analyst
The billionaire’s “110 per cent” focus on making the US federal government more efficient could permanently damage the EV maker, says an expert.
Investors are turning to the safest of assets for Trump-era security
From retail investors to Wall Street’s top fund managers, the biggest move to cash since the pandemic is on after a month of dramatic market volatility.
Wall Street rallies broadly in oversold rebound
The S&P 500 closed 2.1 per cent higher, after having confirmed a correction the previous session, helped by Nvidia, with all 11 industry sectors advancing.
Goldman sees risk of iron ore falling below $US80 a tonne
Goldman Sachs expects iron ore to average about $85 a tonne in the fourth quarter, though there’s a risk it could briefly trade even lower.
ASX drops as BHP, Rio and banks weigh
Shares down; Nine confirms Matt Stanton as CEO; Macquarie cuts coal forecasts; ACCC concerned by Silk deal; Boss buys Laramide stake; gold stocks shine.
Tesla director James Murdoch dumps $21m stake in Musk carmaker
The estranged son of media magnate Rupert Murdoch has been on the board since 2017. Other insiders including chairman Robyn Denholm are also selling down.
Lingering Alfred slows efforts to return power to hundreds of thousands
Almost 350,000 properties are without power as storms disrupt recovery efforts; Brisbane and Gold Coast airports will resume flights on Sunday. How the day unfolded.
S&P 500 rises, paring weekly loss on Trump uncertainty
US equities rallied after Fed boss Jerome Powell reassured anxious investors that the US economy is “in a good place” and the Fed can respond as needed.
S&P 500 rises after mid-session geopolitical swoon
All three US benchmarks finished the final trading session of February solidly higher, with financials driving gains. Both Nvidia and Tesla rallied.
February
S&P 500 drops as Trump 2.0 hits business, consumer optimism
US equities fell sharply, as did bond yields, as investors repositioned for slower growth. Report of a new health threat from China also hit sentiment.
ASX retreats, RBA says market ‘too confident’ on future rate cuts
Shares close lower; RBA cuts rates by 25 basis points, decision no “lay down misere”, Bullock says; big four banks lower rates; BHP dividend at eight-year low.
S&P 500 trades in narrow range, bond yields reverse
A sharper-than-expected drop in retail sales for January provided a boost to hopes that the window is still open for the Federal Reserve to cut rates this year.
US CPI data points to prolonged rate hold: economists
Consumer prices rose at a faster pace than expected last month, and the probability of rate cuts by the Federal Reserve has fallen, economists and strategists say.
ASX flat; CSL extends sell off on sales blow, lithium miners tumble
Sharemarket seesaws; CSL tumbles on sales blow; gold buoys Evolution, De Grey; impairment hit for Ramsay; upgrades on the horizon for Breville.
US equities fall as hopes for lower rates fade again
Moderating job growth, rising inflation expectations and the prospect of reciprocal tariffs knocked the wind out of Wall Street.
US exceptionalism is peaking: expert
The “magnificent seven” are poised to become the “lagnificent seven” as the tailwinds that have propelled American equities fade, Michael Hartnett argues.
S&P 500 slumps as tariffs plans whiplash markets
US equities closed lower after the US said it will impose higher tariffs on Canada, Mexico and China this weekend. ASX futures tumbled 1.2pc.