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ASX inches lower as miners and banks weigh on market

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

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Miners, banks lift ASX after Wall Street rises; Santos surges

Miners, banks lift ASX after Wall Street rises; Santos surges

The Australian sharemarket surged on the back of Wall Street’s record-breaking rally, following weak reports on the US economy which kept the door open for possible interest-rate cuts.

  • by Millie Muroi
ASX retreats after Reserve Bank minutes; Coal miners jump again

ASX retreats after Reserve Bank minutes; Coal miners jump again

Miners and consumer discretionary companies kept the Australian sharemarket in the red on Tuesday after the Reserve Bank’s latest meeting minutes.

  • by Millie Muroi
Technology, bank stocks buoy ASX; Wall Street braces for inflation report

Technology, bank stocks buoy ASX; Wall Street braces for inflation report

The ASX edged higher as traders looked ahead to a key US inflation report that could influence the Federal Reserve’s next move on interest rates.

  • by Jessica Yun
‘Jensanity’: The party animal who became one of the world’s richest people
Analysis
AI

‘Jensanity’: The party animal who became one of the world’s richest people

Jensen Huang co-founded Nvidia in 1991 in a Denny’s fast food restaurant where he once washed dishes. Now he is racing up the world’s list of richest people.

  • by James Titcomb
ASX dips after choppy day on Wall Street

ASX dips after choppy day on Wall Street

The Australian sharemarket closed lower today after Wall Street struggled for direction ahead of a key US inflation report.

  • by Jessica Yun and Millie Muroi
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Energy, mining giants boost ASX, defying Wall Street’s Nvidia slump

Energy, mining giants boost ASX, defying Wall Street’s Nvidia slump

The ASX closed higher, led by energy stocks and the mining heavyweights, even after further losses by AI giant Nvidia weighed on the US sharemarket overnight.

  • by Jessica Yun
$646 billion wipeout: Wall Street darling makes history with three-day horror show

$646 billion wipeout: Wall Street darling makes history with three-day horror show

Nvidia briefly became the world’s most valuable company last week, but is now in correction territory after a historic slump.

  • by Ryan Vlastelica
Rate hike fears hit ASX, ResMed shares slump

Rate hike fears hit ASX, ResMed shares slump

The Australian sharemarket fell as investors sold energy and healthcare stocks over fresh fears figures to be released this week may show an uptick in inflation. 

  • by Sumeyya Ilanbey
Utilities and energy firms lift ASX; Kathmandu drops

Utilities and energy firms lift ASX; Kathmandu drops

The Australian sharemarket staged a major turnaround in the latter half of the trading session to finish on a high, after Wall Street equities backed away from recent records.

  • by Millie Muroi
ASX closes flat with energy the key standout

ASX closes flat with energy the key standout

The Australian sharemarket dipped in late trade to close slightly lower as investors wound back their bets on interest rate cuts after the central bank’s decision on Tuesday to keep the cash rate on hold.

  • by Sumeyya Ilanbey and Millie Muroi

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