ASX ends up just 2 points; Crown soars 8% on Vic licence retention
ASX 200 turned flat, closing just 2 points higher despite early gains. Crown was a top performer after holding on to its Melbourne casino licence, as was Star Entertainment.
Welcome to the Trading Day blog for Tuesday, October 26. Stocks closed just 2 points higher at 7443 but Crown gained about 8 per cent after retaining its Victorian casino licence.
The S&P/ASX 200 index ended flat at 7443 after an earlier rise to 7471.3 around 3pm AEDT.
US futures are up and Facebook shares rose 1.7 per cent after reporting its quarterly results in after-hours trading.
The Dow Jones index closed 0.2 per cent higher while the S&P 500 index gained 0.5 per cent, both at record highs., and the tech-focused Nasdaq increased 0.9 per cent.
Hertz Global Holdings' order of 100,000 Teslas by the end of 2022 pushed the value of Elon Musk’s car business to over $US1 trillion.
Iron ore was 0.5 per cent lower at $US119.75 per tonne.
The US Nymex crude (WTI) price was unchanged at $US83.76 a barrel.
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