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Wall Street

Yesterday

Here we go again: second-guessing the Federal Reserve’s next move has created market volatility.

Go America a kick in the guts for Australian shares, dollar

The US patriots are having a field day – and it’s hitting Australian markets hard.

  • Anthony Macdonald

This Month

Magellan’s Alan Pullen started covering financials and now runs two portfolios, including a hand in the firm’s flagship $12 billion fund. He’s seen a lot at Magellan, but always kept his belief in owning stocks.

How Magellan plans to make money, without two super-hot stocks

Hamish Douglass is gone – along with plenty of clients – but the global equities team marches on with the same search for quality compounders.

  • Anthony Macdonald
Markets are loving Trump 2.0 – for now. Australian business should sense opportunity.

Bumpy Trump era can be boom years for Australia, investors

Australian boardrooms can’t know what his second presidency holds, but they need to be ready to seize opportunities. Change is coming.

  • Anthony Macdonald
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There can only be one winner in the ASX’s big tussle for 2025

Shares in Australia’s big banks are easily outrunning the ASX’s big miners. It will switch, it always does.

  • Anthony Macdonald
BlackRock Investment Institute’s global chief investment strategist Wei Li presenting at the AFR Business Summit last March.

The $18.4trn reason to listen to BlackRock’s three lessons in 2025

Wall Street and its biggest investors like the global investment giant influence the ASX more than anything else. That’s why you need to listen.

  • Anthony Macdonald
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Ray Dalio founded Bridgewater and remains there as a mentor.

Bridgewater sacks 7pc of staff in bid to remain ‘nimble’

The Ray Dalio-founded world’s biggest hedge fund, which manages more than $250 billion, sacked about 90 employees.

  • Gillian Tan and Nishant Kumar
Wall Street-focused exchange-traded funds pulled in at least $5 billion from Australia in 2024. It is a new record, double the previous high of $2.5 billion in 2021.

Investors bet Wall Street and Silicon Valley will make US markets great

The exuberance of Australian investors may point to the sources of American exceptionalism that lie on the East and West Coasts.

  • The AFR View
Cliff Asness: lessons from the next decade.

US stocks entering decade of disappointment

Hedge fund manager Cliff Asness looks back, as a fictional allocator from 2035, on a raft of potential investment misses.

  • Timothy Moore
The ASX is poised to open lower after Wall Street pared back early gains overnight.

ASX closes higher as oil prices power energy rally; CBA lifts 1pc

Shares closed higher on Friday as energy stocks rallied for a second day, while gold miners also lifted the index. Commonwealth Bank closed 1 per cent higher.

  • Updated
  • Nicola Blackburn
How do you beat a market where the biggest investors seem to be able to keep buying their biggest stocks?

The existential risk Australia’s rock star investors are facing

If fund managers cannot work this one out, they could be gone before the problem gets a chance to fix itself. Small shareholders and even super funds would be worse off.

  • Anthony Macdonald
When you add in a dysfunctional US congress and an approaching election plus continuing problems in China, it’s clear why the bears are again on the prowl.

Stock bears are becoming extinct. Is it time to worry?

The logical answer is to stay invested but hedge your bets with some combination of bonds, options and less volatile US equities.

  • Jonathan Levin
The carmaker’s combined Model 3 and Model Y vehicle sales category accounted for 471,930 deliveries in the fourth quarter.

Tesla’s annual EV sales drop for first time in over a decade

The Elon Musk-led company sold 1.79 million vehicles last year, a sobering reminder of the real-world challenges for EV makers.

  • Kara Carlson
FILE - An 2023 Model X sits outside a Tesla dealership on June 18, 2023, in Englewood, Colo. After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets reported Monday. (AP Photo/David Zalubowski, File)

Tesla stock surge runs up against a potential annual sales drop

Tesla has a lot riding on the production and delivery figures it’s expected to report on January 2.

  • Kara Carlson

December 2024

Traders work on the floor of the New York Stock Exchange.

S&P 500 may rise 19pc in 2025 (say forecasters that got 2024 wrong)

None of the 19 strategists tracked by Bloomberg expects the S&P 500 to decline in 2025; the most optimistic target implies a 19 per cent rally from Friday.

  • Updated
  • Alexandra Semenova and Sagarika Jaisinghani
Wall Street had a quiet session.

ASX extends advance as market reopens after Christmas break

The benchmark S&P/ASX 200 added 40.9 points, or 0.5 per cent, to 8261.8 at the closing bell on Friday, when eight out of 11 sectors climbed. 

  • Updated
  • Joanne Tran
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Wall Street had a thin trading session ahead of Christmas.

ASX to edge higher as US big tech rallies

Wall Street slid briefly before recovering after data showed US consumer confidence unexpectedly sank for the first time in three months.

  • Updated
  • Rita Nazareth
The ASX is rallying on Monday as bargain hunters step in.

ASX records best session in six months, as bank, property stocks rally

Bargain hunters piled into the Australian sharemarket after two days of heavy selling, pushing the ASX 200 up 1.7 per cent and sending the banking and property sectors higher.

  • Updated
  • Sarah Jones
Donald Trump’s election win was good for Y’ALL.

This pro-Trump ETF just smashed its rivals

An exchange-traded fund created for “flag-waving conservatives” beat its political competitors this year and the benchmark S&P 500.

  • Updated
  • Saijel Kishan and Jeff Green
Wall Street is lifting.

Wall Street leaps, cutting losses after a dismal week

US stocks rallied on Friday to more than halve their losses in what had been one of their worst weeks of the year.

  • Stan Choe

Chook awards for 2024 and stock picks for 2025

James and Anthony bring 2024 home to roost with the Annual Chook Awards. Plus get some sharemarket tips from a fund manager with a nearly $8 billion portfolio.

Original URL: https://www.afr.com/topic/wall-street-1lyg